435 9th Street

A landmark property in the Park Slope Historic District Extension consisting of two abutting structures: a five-story, 17,000-square-foot historic building originally constructed in 1889 for office and light manufacturing, and an adjacent four-story, 2,100-square-foot residential walk-up.

Acquired with a ground-floor bar in operation and the upper floors vacant, Avid restored the landmarked exterior, renovated the interiors of both buildings, and repositioned the asset. At disposition the corner building housed a restaurant on the ground floor with loft apartments above, and the residential building had been converted to co-op apartments — yielding a 40% value increase at sale.