$32M Gravesend home sale sets Brooklyn single-family record

The founder of an Edison, New Jersey-based company that provides warranties for home appliances and related systems paid Eli Gindi, of Gindi Capital, $32 million for a single-family home (A7) at 2126 East 4th Street in Gravesend, Brooklyn, between Avenue U and Avenue T.
The deal closed on October 28, 2025 and was recorded on October 31, 2025. The property has 10,086 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $3,172 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
This is the most expensive single-family home sale in Brooklyn, according to a review of published reports and city records. The most expensive sale prior to this was for the five-story townhouse at 8 Montague Terrace in Brooklyn Heights which sold for $25.5 million in December 2020.

Eli Gindi’s company MS 4th LLC acquired four adjacent parcels in 2002 for an undisclosed amount, then filed Job number 302041715 in November 2005 for the building. The city issued an initial temporary certificate of occupancy, indicated residents could move in, in March 2011. Gindi transferred ownership from the entity MS4th LLC to his own name, Eli Gindi in 2009. About two weeks before this sale, he transferred legal ownership into a new company, 2126 E 4th Street LLC. The sale to the new owner, Victor Hakim, CEO and founder of Choice Home Warranty, was an entity-level sale, with Gindi selling control of 2126 E 4th Street LLC to Hakim, but it was not a deed transfer.

Elliot Betesh, in 2004, signed a $3.5 million option to buy three of the parcels while they were vacant lots. That option was terminated on October 28, the same day as the sale. It’s unclear what impact if any that option from 21 years prior had on this transaction.

The property

The parcel has frontage of 91 feet and is 100 feet deep with a total lot size of 9,100 square feet. The zoning is R3-1 which allows for up to 0.5 times floor area ratio (FAR) for residential. The city-designated market value for the property in 2022 is $14.5 million.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the property for the past 24 months. In addition, according to city public data, the property has received $150 in OATH penalties in the last year.

Development

There are no active new building construction projects or major alteration projects with initial costs more than $1 million on this tax lot.

The block

On the tax block, there were three new building construction projects totaling 5,221 square feet. The largest is a one-unit, 4,779 square-foot residential (R-3) building submitted by David Bawabeh with plans filed September 30, 2019 and permitted March 16, 2021. The second largest is a one-unit, 380 square-foot utility and miscellaneous (U) building submitted by David Bawabeh with plans filed May 19, 2020 and it has not been permitted yet.

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