385 Jay Street

Owner: United American Land

Acquired: September 19, 2025, $14.5 million

Debt: September 19, 2025, $10 million

Built: 1920

Renovated: 1980

SF: 3,070

Dwelling units: 0

No. of buildings: 1

Class: Stores, Apartments Above (K4)

Floors: 3

Transactions:

• United American Land borrowed $10 million from Alvin Pankin and David Pankin for 385 Jay Street, 387 Jay Street, and 48 Willoughby Street, Downtown Brooklyn, Brooklyn on September 19, 2025.

• Alvin Pankin and David Pankin sold 385 Jay Street, 387 Jay Street, and 48 Willoughby Street, Downtown Brooklyn, Brooklyn for $14.5 million to United American Land on September 19, 2025.

Development:

• Constantin Zaharia filed plans for A3 in Downtown Brooklyn, Brooklyn, on August 23, 2006.

Violations:

According to city public data, the properties have received $25 in OATH penalties in the last year.