Vipul Patel Acquires Mixed-use Building At 403 5th Avenue Park Slope Brooklyn For $3.8M

The property involved in this transaction is a mixed-use asset located at 403 5th Avenue in the Park Slope area of Brooklyn. The building comprises two units, consisting of both retail and office spaces. The sale price for this asset was $3,800,000, with a total square footage of 5,400, translating to a price per square foot of $704.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $3,800,000
• Address: 403 5th Avenue
• Market: Park Slope, Brooklyn
• Buyer: Vipul Patel
• Seller: Iftikhar Din
• Buyer’s Company: Vipul Patel’s 403 5th Avenue LLC
• Seller’s Company: Iftikhar Din’s Pak Slope Enterprises LLC
• Sale Date: January 21, 2026
• Total Square Feet: 5,400
• Price Per Square Foot: $704

This transaction featured key individuals representing the buyer and seller, with Vipul Patel acquiring the property and Iftikhar Din facilitating the sale through his company. Both parties were involved in the exchange that finalized the ownership of the mixed-use property in Brooklyn.