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Corner building in Park Slope with air rights

Brooklyn-based TerraCRG reports the sale of a prime corner building in Park Slope.

The six unit corner mixed-use building at 149 4th Ave. sold for $2.12 million, according to Adam Hess, partner and senior vice president, who handled the sale along with associate Jacob Colleran.

The 22-foot wide property is a four-story walk-up containing 5,940 square feet and has an additional 4,655 square feet of available air rights.  The ground floor restaurant space is occupied by one of Park Slope’s most popular 4th Avenue bars/restaurants, an Australian pub called Sheep Station.

The building sits at the corner of 4th Avenue and Douglass Street, across from the newly-completed and occupied luxury apartment building, The Arias.

“New residential developments like The Arias and the anticipation of Barclays opening next month has noticeably drawn the attention of new investors,” said Hess.

About the sale of 149 4th Ave. he said, “We achieved a premium selling price.”

Hess and Colleran were the sole brokers involved in the transaction.

August 23, 2012 - 4:43am


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