176 Central Avenue
Bushwick, Brooklyn
Parcel ID (BBL): 3032170034
Owner: Watermark Capital Group
Acquired: January 11, 2023, $5.5 million
Debt: November 19, 2024, $20 million
Built: 1931
SF: 6,762
Dwelling units: 2
No. of buildings: 1
Class: With Residential Apartments (O8)
Floors: 2
Legacy BBLs: 3032170034
Transactions:
• Watermark Capital Group and Borough Developers borrowed $20 million from Citibank for 176 Central Avenue and N/A Hart Street, Bushwick, Brooklyn on November 19, 2024.
• Company sold 176 Central Avenue, 174 Central Avenue, and N/A Hart Street, Bushwick, Brooklyn for $0 to company on February 17, 2023.
• Company sold 176 Central Avenue, 174 Central Avenue, and N/A Hart Street, Bushwick, Brooklyn for $0 to company on February 06, 2023.
• Meir D. Tabak borrowed $11.5 million from S3 Capital for 176 Central Avenue and N/A Hart Street, Bushwick, Brooklyn on January 11, 2023.
• Lazar Waldman sold 176 Central Avenue and N/A Hart Street, Bushwick, Brooklyn for $5.5 million to Meir D. Tabak on January 11, 2023.
Development:
• Mendel Berkowitz filed plans for SC in Bushwick, Brooklyn, on September 08, 2025.
• Tawfiq Ahmed filed plans for alteration in Bushwick, Brooklyn, on July 17, 2024.
• Shimon Kleinman filed plans for alteration in Bushwick, Brooklyn, on November 02, 2023.
• Shimon Kleinman filed plans for major alteration for 5,397 sqft in Bushwick, Brooklyn, on February 14, 2023.
• Shimon Kleinman filed plans for alteration in Bushwick, Brooklyn, on February 02, 2023.
Most recent Zoning Diagram (ZD1)
Violations:
According to city public data, the properties have received $11,500 in OATH penalties in the last year.