The Real Deal
March 5, 2012
A Park Slope development site approved for 106 residential units and on-site parking has been sold for
$10.7 million, Brownstoner reported. The buyer is the Naftali Group, The Real Deal has learned (note: correction
The lot is 10,801 square feet at the corner of Fourth Avenue and 6th Street and is approved for a building of
approximately 10 times that square footage with 43 parking spots. It is slated for 78,883 square feet of residential
space, 3,592 commercial square feet, a 639-square-foot community facility and comes with a 15-year
tax abatement, according to the listing by James Dario of Kalmon Dolgin Affiliates, which asked $14 million.
Previous reports tied the stalled development site to Isaac Katan, who recently unloaded a different stalled
Fourth Avenue site, in South Slope, approved for residential development.
Dario told Brownstoner that Naftali Group, which public records show closed on the deal last month, is already
in the ground on the project and could complete it within 18 months. He said he’s in talks with several
potential retail tenants, too. [Brownstoner]
Tags: 267 Sixth Street, 363 Fourth Avenue, elad group, Isaac Katan, James Dario, Kalmon Dolgin