Salvatore Perry pays $5.2M to Sugar Hill Capital for 8-unit rental in Park Slope

Salvatore Perry through the entity Embassy Equities Corp. paid Sugar Hill Capital Partners’s 340 14th Residences, LLC $5.2 million for 340 14th Street in Park Slope. The deal closed on October 21, 2020, and was recorded on November 23, 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 6,856 square feet. The parcel(s) have total development potential of 6,856 square feet.
The average sale price per square foot is $758.

The contract date was July 24, 2020. The last time the property sold was November 8, 2018 for $4,400,000.
The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building with 8 residential (or hotel) units on August 16, 2018.
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. Of those there was one major renovation application including a certificate of occupancy change (A1) filed with a total estimated value of $136,240. There were 2 renovation/alteration projects (A2) applied for with a total estimated value of $257,717.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA.
The signatory for the buyer or lender was Salvatore Perry