Development Site Sells for $453 per Buildable Square Foot: A Record in Park Slope?

A now-vacant lot at 359 7th Street in Park Slope just sold for $1,860,000, or $453 per buildable square foot. The sale was brokered by Ariel Property Advisors, which said in a release that the price per buildable square foot was a record for the neighborhood. The unnamed buyer plans condos, said Ariel. The 20.5 foot wide, 100 foot deep lot can accommodate a 4,100 square foot building.

The previous owner, an LLC, bought the site in August of 2012 for $1,250,000. At the time the lot had was home to a frame house built sometime before 1899. The application to demolish the building was approved in December of that year. The transaction has not yet hit public records. Click through to see a photo of the frame house that was torn down.

Photo above by Google Maps; photo below by Nicholas Strini for PropertyShark