St. Francis Xavier in contract to sell small Park Slope building to private school for $3.75M

St. Francis Xavier Roman Catholic Church signed a contract to sell a small Park Slope building at 710 Carroll Street, located across the street from the St. Francis Xavier church sanctuary, to the private school Berkeley Carroll School. The school’s lower school building is located next to the church, at 701 Carroll Street.
Berkeley Carroll School predecessor Montessori School of Brooklyn, bought 701 Carroll Street from the Roman Catholic order of the Sisters of St. Joseph in 1974.
The contract was disclosed in a court document filed Friday in Brooklyn State Supreme Court that is a required step for the sale of religious and nonprofit assets.

Case LINK

The property

The property at 710 Carroll Street with one residential unit in Park Slope has 2,332 square feet of built space and 2,516 square feet of additional air rights for a total buildable of 4,840 square feet according to a PincusCo analysis of city data. The parcel has frontage of 22 feet and is 111 feet deep with a total lot size of 2,420 square feet. The lot is irregular. The zoning is R6B which allows for up to 2 times floor area ratio (FAR) for residential with inclusionary housing. The city-designated market value for the property in 2022 is $3.2 million.

Development

Over the past five years, there has been no NYC Department of Buildings new building, demolition, or alteration permit application valued at more than $20,000 filed for this parcel.

Violations and lawsuits

According to city public data, the property has not received any significant violations in the last year.

There were no lawsuits or bankruptcies filed against the property for the past 24 months.

The neighborhood

In Park Slope, The bulk, or 36 percent of the 9.8 million square feet of commercial built space are walkup buildings, with mixed-use buildings next occupying 26 percent of the space. In sales, Park Slope has near average sales volume among other neighborhoods with $791.1 million in sales volume in the last two years and is the 4th highest in Brooklyn. For development, Park Slope has near average amount of major developments among other neighborhoods and is the 21st highest in Brooklyn. It had 753,625 square feet of commercial and multi-family construction under development in the last two years, which represents 8 percent of the neighborhood’s built space.

The block

On this tax block, PincusCo has identified the owners of three of the 17 commercial properties representing 17,447 square feet of the 112,072 square feet. The largest owner is Athineos Enterprises, followed by Joseph Michael and then Teddy Sagos. There are no active new building construction projects on this tax block.

The surrounding

Within a 400-foot radius of 710 Carroll Street, PincusCo identified three commercial real estate items of interests occurred over the past 24 months. Of those three items, three were sales above $5 million totaling $23.8 million. The most recent of the three was Carlyle Group and Greenbrook Partners which bought the 7,000-square-foot, six-unit rental (C2) on 784 President Street for $8.9 million from Greenbrook Partners on May 8, 2024.

Direct link to the property’s ACRIS page and link to DOB NOW portal.