Conway Capital Acquires Park Slope Mixed-Use Property For $4.025M

57 4th Avenue, located in the Park Slope market, was recently sold in a mixed-use transaction. The property spans 5,000 square feet and was sold for a total price of $4,025,000, resulting in a price per square foot of $805. The sale was facilitated by Abe Cohen & Steven Rosenberg, representing Conway Capital as the borrower. The seller of the property was Elipark Realty Corp – Abi-Hassoun.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $4,025,000
• Loan Amount: $3,140,000
• Square Footage: 5,000
• Price per Square Foot: $805
• Lender: Modern Bank
• Landlord/Borrower: Conway Capital’s Abe Cohen & Steven Rosenberg
• Seller: Elipark Realty Corp – Abi-Hassoun

This transaction involved key individuals and companies. Ayush Kapahi, Abe Cohen & Steven Rosenberg were involved in securing a loan for the property. The loan amount was $3,140,000. Additionally, Modern Bank acted as the lender in this transaction.