4-family in Bensonhurst sells for $2.1M
1679 54th Street (Credit - Cyclomedia)
The W & Z Wang Home Group LLC paid $2.1 million for the four-unit building (C3) at 1649 66th Street in Bensonhurst, Brooklyn. The expected use is cash flowing.
The deal closed on March 25, 2026 and was recorded on March 30, 2026. The property has 3,520 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $596 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.)
The signatory for James Liubicich was James A. Liubicich. The signatories for the buyer were Jia Zhang Wang and Jia Wei Wang . The contract date was December 19, 2025.
Prior sales, articles and revenue
Prior to this transaction, PincusCo has no record that the buyer Jia Zhang Wang had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller James Liubicich had not purchased any other properties and had not sold any properties over the same time period. The former owners according to the Department of Housing Preservation and Development includes Joanne Liubicich, joint owner and James Liubicich, joint owner. The 3,520-square-foot property generated revenue of $71,702 or $20 per square foot, according to the most recent income and expense figures.
The property
The 1-4 family building with 4 residential units in Bensonhurst has 3,520 square feet of built space according to a PincusCo analysis of city data. The parcel has frontage of 26 feet and is 100 feet deep with a total lot size of 2,650 square feet. The zoning is R5 which allows for up to 1.25 times floor area ratio (FAR) for residential. The city-designated market value for the property in 2022 is $826,800.
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 not received any significant violations 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 this tax block, PincusCo has identified the owners of one of the four commercial properties representing 3,568 square feet of the 10,528 square feet. The identified owner is Anthony D. Sarica.
There are no active new building construction projects on this tax block.
The majority, or 53 percent of the 10,528 square feet of built space are mixed-use buildings, with specialty buildings next occupying 47 percent of the space.
Direct link to Acris document. link
