Oil executive Vincent Theurer through the entity VM Realty 6 LLC paid $3 million for 70 7th Avenue in Park Slope. The deal closed on June 12, 2020, and was recorded on June 25, 2020. The transaction consists of 1 parcel, including the tax class multifamily, more than six families with stores (C7) and containing 12 residential units. The property is 8,400 square feet. The parcel(s) have total development potential of 9,963 square feet.
The sale price per unit is $250,000.
Theurer is president and CEO of residential distributor Approved Oil, and the LLC is registered at the company’s address. Theurer is signatory on other recent acquisitions of properties.