News:
Construction Design & Engineering
Posted: November 23, 2021
Conway Capital acquires Park Slope multifamily building for $8 million
New York, NY Abe Cohen's Conway Capital, with the MacTaggart family as partner, have acquired a four story, multi-family building in Park Slope for $8 million.
The 11,668 s/f, 16-unit building at 423 16th St. was built in 1920. It sold for $685 per s/f.
Conway Capital also owns the 16-unit building next door at 419 16th St. which they purchased a year ago for $4.25 million. They plan to renovate and lease up both the buildings' units.
Bestreich Realty Brokers Derek Bestreich and Luke Sproviero represented the seller, Richard Giancarlo.
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