Greenbrook Partners through Gregory Fournier through the entity 159 5 Ave, LLC paid Blake Partners through William Yagoda’s Bk Prime 159, LLC $14.8 million for 159 5th Avenue in Park Slope. The deal closed on November 5, 2019, and was recorded on November 13, 2019. The transaction consists of 1 parcel, including the tax class multifamily, more than six families with stores (C7) and containing 9 residential units. The property is 14,800 square feet.
The average sale price per square foot is $1,000.
The estimated cap rate is 5.5%
The last time the property sold was October 27, 2015, for $13,000,000.
Over the past five years, there have been 4 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 4 renovation/alteration projects (A2) applied for with a total estimated value of $687,671.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link