Urban Standard Capital pays $8.5M to Barrett Design for mixed-use building in Park Slope

Urban Standard Capital through the entity USC 207 5th Property Owner LLC paid $8.5 million to Barrett Design through the entity 207 5th Avenue Mtg LLC for mixed-use building (K2) at 207 5th Avenue in Park Slope, Brooklyn.
The deal closed on May 11, 2021 and was recorded on May 26, 2021.
The property has 5,559 square feet of built space and 7,920 square feet of additional air rights for a total buildable of 13,500 square feet according to PincusCo analysis of city data. The sale price per built square foot is $1,532 and the price per buildable square foot is $631 per the PincusCo analysis.
Barrett Design bought the property on 24-Oct-18, for $9 million.
The signatory for Barrett Design was Alexander Barrett. The signatory for Urban Standard Capital was Seth Weissman.
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 $1.1 million. Those filings sought to increase the number of residential units by 7 to 7. There were 2 renovation/alteration projects (A2) applied for with a total estimated value of $160,000.

Direct link to Acris document. link