GFI Realty Arranges $9.9M Sale of South Slope Development Site

by Amy Works

NEW YORK CITY — GFI Realty Services Inc. has arranged the sale of a development site located at 695-705 6th Ave. in Brooklyn’s South Slope section. The corner lot, which has a maximum buildable area of 34,800 square feet, sold for $9.9 million. The buyer plans to demolish the existing commercial building and develop a multi-story residential condo building on the site. Erik Yankelovich of GFI Realty represented the seller and buyer in the transaction. The names of both parties were not released.

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