Greenbrook Partners pays $13.1M to Lori Casey for multifamily properties in Park Slope

Gregory Fournier’s Greenbrook Partners bought two multifamily properties in Park Slop from Lori Casey for $13.1 million. The acquisitions follow two other Greenbrook purchases in Park Slope, all made in the past three months. The first two were 157 and 159 5th Avenue, purchased from separate owners for a combined $23.3 million.

In the first of the  latest deals, Greenbrook Partners through the entity 285 6 Ave, LLC paid Lori Casey’s 285 6th Realty Lp $6.6 million for 285 6th Avenue in Park Slope. The deal closed on January 3, 2020, and was recorded on January 14, 2020. The transaction consists of 1 parcel, including the tax class multifamily, over six families without stores (C1) and containing 8 residential units. The property is 8,020 square feet. The parcel(s) have total development potential of 8,020 square feet.
The average sale price per square foot is $817.

The last time the property sold was April 21, 2016, for $5,700,000.

Over the past five years, there have been 3 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 3 renovation/alteration projects (A2) applied for with a total estimated value of $413,250.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

In the second of the recent deals, Greenbrook Partners through the entity 372 2 St, LLC paid Lori Casey’s 372 2nd Realty, Lp $6.5 million for 299 5th Avenue in Park Slope. The deal closed on January 3, 2020, and was recorded on January 14, 2020. The transaction consists of 1 parcel, including the tax class multifamily, over six families without stores (C1) and containing 16 residential units. The property is 7,036 square feet. The parcel(s) have total development potential of 7,036 square feet.
The sale price per unit is $406,250..

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link