435 Central Avenue

Owner: Kavneet Sethi

Acquired: July 03, 2024, $4.8 million

Debt: July 08, 2026, $6 million

Built: 2017

Renovated: 2023

SF: 14,955

Dwelling units: 17

No. of buildings: 1

Class: Fireproof (Standard Construction Without Stores) (D3)

Floors: 5

HPD Ownership Registration Information

Last registered: 2025-10-30 (expires 2026-09-01)

Transactions:

• Kavneet Sethi borrowed $6 million from CBRE Multifamily Capital for 431 Central Avenue, Bushwick, Brooklyn on July 08, 2026.

• Igor Akopov sold 435 Central Avenue, Bushwick, Brooklyn for $4.8 million to None on July 03, 2024.

• Balthasar Capital Fund Management sold 431 Central Avenue, Bushwick, Brooklyn for $10 million to Arch Companies on September 27, 2022.

Development:

• Igor Akopov filed new building job 320593586 for 11,824 sqft R-2 building with 17 apartments in Bushwick, Brooklyn, on December 23, 2013.

• Kevin Bond filed major alteration job 302093357 for F-1B building with 1 apartments in Bushwick, Brooklyn, on March 20, 2006.

• Andrew Arnold filed alteration job B01080175 for 1 sqft building with 17 apartments in Bushwick, Brooklyn, on July 15, 2024.

• Andrew Arnold filed alteration job B01074548 for 11,412 sqft R-2 building with 14 apartments in Bushwick, Brooklyn, on July 11, 2024.

• Andrew Arnold filed alteration job B01075050 for 1 sqft building with 17 apartments in Bushwick, Brooklyn, on July 03, 2024.

• Bikramjit Ghotra filed alteration job B01063622 for 540 sqft building with 17 apartments in Bushwick, Brooklyn, on June 14, 2024.

• Jeffrey Simpson filed alteration job B00884367 for 13,017 sqft building with 14 apartments in Bushwick, Brooklyn, on June 07, 2023.

Litigation:

• Avant Capital filed a $4.5 million pre-foreclosure 516815/2020 on September 09, 2020, against Igor Akopov and Adam S. Luysterborghs at 431 Central Avenue.

Violations:

According to city public data, the properties have received 14 housing violations and $200 in OATH penalties in the last year.