Continuing the discussion from NEW YORK | Flatbush Ave Corridor (DoBro + BAM + AY):
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 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.