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]