May 26, 2015

Unusual Landmarked Seven-Building, 44-Unit Parcel in Park Slope Asks $16.5 Million

An unusual property, a landmarked row of seven apartment buildings on 14th Street, directly across the street from the Park Slope Armory YMCA in South Slope, is up for sale. The buildings at 409-421 14th Street, which have a total of 44 rental units, are being marketed for $16,500,000.

The broker, TerraCRG, tells us that a real estate investment group — either family owned or perhaps one of the city’s larger firms — is the most likely buyer. The buildings have been owned by the same family since the 1970s.

Read more here.