Ariel Property Advisors Arranges for the Sale of a $24 Million Development Site

The development site located at 67-75 4th Avenue & 77 Saint Marks Place in Park Slope has been sold for a total price of $24,000,000. The asset encompasses a total of 84,780 square feet, resulting in a price per square foot of $283.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $24,000,000
• Address: 67-75 4th Avenue & 77 Saint Marks Place
• Market: Park Slope
• BSF: 84,780
• PPBSF: $283
• Buyer: Shimon Kleinman
• Seller: United Elite Group
• Broker Representatives: Sean R. Kelly, Esq., Nicole Daniggelis & Stephen Vorvolakos - Ariel Property Advisors

This sale represents the ninth development site sold by the broker team this year, with four additional properties currently in contract and several other active deals in progress. The team has handled approximately 885K BSF totaling nearly $200M in properties sold or in contract across Brooklyn and Queens in 2025.