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

Property Image
SOLD
$13,483,500

New York

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Commercial7,200 SF
Sold 04/07/2022
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Property Image
SOLD

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

157 5th Avenue, Brooklyn, New York 11217, United States

See Similar Deals
Commercial7,200 SF
Sold 04/07/2022
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Summary

NEW YORK
Asset Type:Commercial
Price Per Square Foot:$1,872
Total Square Footage:7,200 SF
Transaction Type:Sale

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.

Players

CM
28 deals$146M volume
BUYER

19 deals$607.1M volume
SELLER

Details

SOLD
IMAGE: 04/07/2022 ADDRESS: 157 5th Avenue MARKET: Park Slope, Brooklyn ASSET TYPE: Commercial ~ ZONING: R6A, C1-4 BUYER: Carter Martin SELLER: Gregory Fournier PRICE: $13,483,500 BSF: 9,000 ~ PPBSF: $1,498 SF: 7,200 ~ PPSF: $1,872 FAR: 2.40 TAX CLASS: 2B LOT SIZE: 3,000 LAST SALE PRICE: $8,450,000 (11/5/2019) PERMITS: Alteration (01/04/2022) LOT DIMENSION: 30 ft x 100 ft

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