Red Rock Investments Acquires Development Site In Park Slope For $6.45M

207 5th Avenue

$6,450,000

Building Size

—

Asset Type

Development Site

Closing

Jan 31, 2023

AI

A development site located at 207 5th Avenue in Park Slope has been sold for $6,450,000. The property spans a total square footage of 477 ZFA. The transaction took place on January 31, 2023, between the seller, Urban Standard Capital, and the buyer, Red Rock Investments.

Summary of transaction details:

Property Type: Development Site
Transaction Amount: $6,450,000
Address: 207 5th Avenue
Market: Park Slope
Seller: Urban Standard Capital
Buyer: Red Rock Investments
Brokers: Daniel O'Brien, Jake McGuffog, Caroline Hodes & Loren Valla - Cushman & Wakefield

Cushman & Wakefield represented both the buyer and the seller in the transaction. The deal was facilitated by brokers Daniel O'Brien, Jake McGuffog, Caroline Hodes, and Loren Valla.

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