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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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About Paul Bubny

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. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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