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New York & Tri-State   /   April 5, 2021

Paul Bubny
By: Paul Bubny

Park Slope Sale Points to Renewed Investor Demand in NYC

Meridian’s Adam Hess and Edward Setton recently sold 138 St. Marks Pl., a mixed-use property in Brooklyn’s Park Slope neighborhood. The property was acquired by Connor Domershick and Max Maleh for $3.7 million, averaging $761 per square foot.

138 St Marks Pl. stands four stories tall and contains 10 apartments and one retail space across 4,861 square feet. Residents enjoy immediate proximity to Barclays Center, numerous transportation options nearby and an array of popular shops, restaurants, grocery stores, fitness options, and bars.

“The sale of this prime Park Slope corner building is another strong indicator that investors are back in force and are looking to transact in New York City and more specifically in Brooklyn,” said Hess. “There is a consensus that the city will come back stronger than ever, retail will stabilize and apartment rentals will continue to experience very strong demand.”

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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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