Slate Property Group NYC | Adam America Real Estate

http://therealdeal.com/blog/2014/04/28/slate-adam-america-to-develop-141-unit-rental-property-in-park-slope/

“The partners paid close to the asking price of $10 per buildable square foot, or about $1.18 million in annual rent, for the site, located at 535 Fourth Avenue between 14th and 15th streets. A CPEX Real Estate team led by Sean Kelly and Matt Dzbanek brokered the transaction. A source familiar with the deal said the 99-year lease’s net present value was about $25 million.”

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