Park Slope Medicaid Office Building With Lots of FAR Sells for $25,000,000
A Park Slope office building that’s home to one of Brooklyn’s few Medicaid offices has just sold for $25,000,000, according to public records. The 18,000-square-foot property at 35 4th Avenue currently houses the two-story office building, but has up to 108,000 square feet in development rights. The buyer is 35 Holdings LLC, which lists the same…
Photo by Rebecca Baird-Remba
A Park Slope office building that’s home to one of Brooklyn’s few Medicaid offices has just sold for $25,000,000, according to public records. The 18,000-square-foot property at 35 4th Avenue currently houses the two-story office building, but has up to 108,000 square feet in development rights. The buyer is 35 Holdings LLC, which lists the same Williamsburg address as the investors who bought the Harte & Company factory in Greenpoint. However, the signatory on the mortgage is Joseph Brunner, a Brooklyn investor who recently sold the much-maligned Viridian apartment building in Greenpoint.
I had to look up the definition of “FAR.” If the abbreviation for floor area ratio is expected to be within the handy lexicon of this blog’s readership, I may be out of my depth.
I don’t find that building to be ugly at all. And the expanse of sky above it is quite lovely too.
I wonder what it means that this building is “home to one Brooklyn’s few Medicaid offices.” What exactly happens there? Will it mean thousands of people have to go to further locations, etc. etc. Cripes, is getting another rooftop bar all anyone cares about these days?
Boutique hotel with rooftop bar-restaurant please.
Address?
I never said any location was or wasn’t “accessible”. All I meant is elimination of this one would mean a huge swath of Brooklyn wouldn’t have a location, in fact pretty much close to half of Brooklyn. I wasn’t picking a political fight, but if you think there aren’t many people in that half of Brooklyn on Medicaid, you might want to do some demographic research.
Thanks, Rebecca. I’m astonished there are only four such locations. I agree that hopefully they will find another not-too-far-away location.
You’d be surprised. Every time I walk by the Fairfield Inn on Douglass and 3rd the parking lot is completely full, with at least one car stuck inside looking for a spot, which you can obviously tell is full before pulling in.
Who cares about parking? What percentage of hotel guests arrive by car? I honestly can’t imagine they’d need more than 2 or 3 onsite spots. Only in America would we think an urban boutique hotel would need onsite parking.