Conway Capital has closed on a $7.9 million purchase of two Park Slope, Brooklyn mixed-use buildings located across the street from each other.
The purchase was an all-cash transaction between Conway founder Abe Cohen and his partner, The Mactaggart Family.
The first building, at 155 Fifth Avenue, sold for $4.225 million. Built in 1920, the 7,200-square foot, four-story building features eight free-market residential apartments and a ground floor restaurant and jazz bar. BRG broker Adam Lobel represented the seller, 155 Fifth Avenue Realty LLC.
The second building, at 138 St. Marks Place at Fifth Avenue, sold for $3.7 million. The 4,900-square-foot, four-story building, built in 1931, features 10 residential apartments and a pizza restaurant. Meridian brokers Eddie Setton and Adam Hess represented the seller, Six K Associates LLC.
Conway Capital plans to renovate and lease up both buildings.
