Prospect Acquisitions Buys Mixed-Use Building From The Chan Family For $2.115M In Park Slope

The property asset involved in this transaction is located at 385 7th Avenue in the Park Slope market. This mixed-use building consists of 2 residential units and 1 commercial unit, with a total square footage of 3,200 and a price of $2,115,000, resulting in a price per square foot of $660.

Summary of transaction details:

• Property Type: Mixed-use (2 Residential & 1 Commercial Unit)
• Transaction Amount: $2,115,000
• Square Footage: 3,200
• Price per Square Foot: $660
• Units: 3
• Buyer: Prospect Acquisitions
• Seller: The Chan Family
• Sale Date: 7/18/2025

Prospect Acquisitions, the buyer, is actively seeking to purchase similar properties, including multifamily and mixed-use buildings in Manhattan, North Brooklyn, and Astoria. The transaction was noted to be an off-market deal.