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New York & Tri-State   /   April 7, 2021

Paul Bubny
By: Paul Bubny

Conway Capital Closes on Two Park Slope Rental Deals

Conway Capital has closed on the $7.9-million purchase of two mixed-use buildings in Park Slope located across the street from one another. The purchase was an all-cash buy between Conway and its partner, the Mactaggart Family.

The first property, at 155 Fifth Ave., sold for $4.225 million. The 7,200-square-foot four-story building features eight free-market residential apartments and a ground floor restaurant and jazz bar, Made in NY. 

BRG broker Adam Lobel represented the seller, 155 Fifth Avenue Realty LLC.

The second building, at 138 St. Marks Pl. at the corner of Fifth Avenue, sold for $3.7 million. The 4,900- square-foot four-story building features 10 residential apartments and one pizza restaurant.
 
Meridian brokers Adam Hess and Edward Setton represented the seller, Six K Associates LLC.

Conway Capital plans to renovate and lease up both buildings. Last year, the company bought a portfolio nearby for $11.5 million.

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Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism.
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