Carter Martin Acquires Commercial Property In Park Slope For $13.5M

The property at 157 5th Avenue in Park Slope, Brooklyn has been sold in a recent transaction. The commercial property is zoned as R6A and C1-4, making it suitable for various uses. The transaction took place on April 7, 2022.

Summary of transaction details

• Property Type: Commercial
• Transaction Amount: $13,483,500
• Address: 157 5th Avenue, Park Slope, Brooklyn
• Market: Park Slope, Brooklyn
• Zoning: R6A, C1-4

The buyer of the property is Carter Martin, while the seller is Gregory Fournier.

The property was sold for a price of $13,483,500. It has a building square footage (BSF) of 9,000, resulting in a price per BSF of $1,498. The total square footage (SF) of the property is 7,200, with a price per SF of $1,872.

The property has a floor area ratio (FAR) of 2.40 and falls under tax class 2B.

The lot size of the property is 3,000 square feet. The last recorded sale of the property was on November 5, 2019, for a price of $8,450,000. An alteration permit was issued on January 4, 2022. The lot dimensions are 30 ft x 100 ft.