Development Site on 4th Avenue in Park Slope Trades for $4.4 Million


A piece of Park Slope at 269 4th Avenue between Garfield and 1st Street has just sold for $4,400,000, said TerraCRG, which brokered the deal. The property, which sold to an LLC, is one of three development sites on the block to sell recently. Last year, TerraCRG handled the sale of 275 4th Avenue for $14,800,000 and 265 4th Avenue for $4,125,000. The latter is the McDonald’s that will soon become an 11-story building from Adam America.

The irregularly shaped lot at 269 4th Avenue is 50.75 feet by 132.79 feet and houses a 3,964-square-foot former car repair shop that’s now vacant. The property can be developed up to 16,236 square feet, according to PropertyShark.

Image via Google Maps

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