Naftali Group CEO Miki Naftali, the development site at 363 Fourth Avenue and a rendering of the approved project

A Park Slope development site approved for 106 residential units and on-site parking has been sold for $10.7 million, Brownstoner reported. The buyer is the Naftali Group, The Real Deal has learned (note: correction appended).

The lot is 10,801 square feet at the corner of Fourth Avenue and 6th Street and is approved for a building of approximately 10 times that square footage with 43 parking spots. It is slated for 78,883 square feet of residential space, 3,592 commercial square feet, a 639-square-foot community facility and comes with a 15-year tax abatement, according to the listing by James Dario of Kalmon Dolgin Affiliates, which asked $14 million. [more]

From left: 683 Fourth Avenue in South Slope, Brooklyn and a rendering of the planned development

A stalled Brooklyn development site at 683 Fourth Avenue in South Slope is coming back to life two years after a 16-unit condominium project by local developer Isaac Katan stalled due to lack of financing, according to the site’s new owner, Greenwood on Fourth LLC.

Greenwood, led by New York-based developers Nick Malafis and Ioannis Glyptis, who also recently completed a 26-unit rental at 433 Third Avenue in Gowanus, is planning to revive the plans by Katan for the building, between 21st and 22nd streets, but has scrapped the condo model in favor of rentals. [more]