Greenbrook Partners through Gregory Fournier pays $8M to Blake Partners through William Yagoda for property in Park Slope

Greenbrook Partners through Gregory Fournier through the entity 157 5 Ave, LLC paid Blake Partners through William Yagoda’s Bk Prime 157, LLC $8.5 million for 157 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 primarily one to six families with stores or offices (S9) and containing 6 residential units. The property is 7,200 square feet. The parcel(s) have total development potential of 9,000 square feet.
The average sale price per square foot is $939.
The estimated cap rate is 5.0%
The last time the property sold was October 27, 2015, for $7,000,000.

Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000. There was one renovation/alteration project (A2) applied for with a total estimated value of $150,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link