The Real Deal New York

Daten Group looks to sell 70 Park Slope condos for $106M

Developer paid $24M to acquire site at 575 4th Avenue
By Will Parker | July 11, 2018 03:30PM

Craig Rosenman and David Ennis of Daten Group and 575 4th Avenue (Credit: Daten Group and Titan Realty and Construction)

Craig Rosenman and David Ennis’ Daten Group plans to sell 70 Park Slope condominium units for a total of $106 million, an offering plan filed with the New York State Attorney General’s office shows.

The developers acquired the site in 2015, paying Simon Dushinsky’s Rabsky Group $24 million.

The new offering plan, filed July 2, shows the developers are planning 40 parking spaces in addition to the apartments.

Last year, Daten Group secured $54 million in construction financing for the property, according to Commercial Observer.

A representative for Daten Group did not immediately respond to a request for comment.

In 2015, Rosenman told The Real Deal that the future building at 575 4th Avenue would rise 12 stories and measure 80,000 square feet. The company later told CO that the development would include 6,600 square feet of retail space.

Park Slope’s 4th Avenue has been one of Brooklyn’s busiest corridors for new condo development over the last decade, following a rezoning in the mid-aughts. An update to that rezoning in 2011 allowed for more restaurants and retail along the street.