Abraham Biller pays $7.9M for dev site in Cypress Hills

Abraham Biller through the entity Haven Junction L.P. paid $7.9 million to the entity 2425 Holding Corp. for the development site that is currently an industrial building (E1) at 2425 Atlantic Avenue in Cypress Hills, Brooklyn. The developer also has an interest in a neighboring property on Atlantic Avenue, tax lot 32.
The deal closed on October 28, 2025 and was recorded on November 7, 2025. The property has 20,000 square feet of built space and 53,650 square feet of additional air rights for a total buildable of 73,638 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $394 and the price per buildable square foot is $107 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 developer is also
On the two lot 23 and 32, there are two active new building construction projects, totaling 147,696 square feet. The largest, B01261070, is a new building project for a 99-unit, 74,533 square-foot R-2 building submitted by Abraham Biller and filed by Abraham Biller with plans filed July 24, 2025 and it has not been permitted yet. The second largest, B01256572, is a new building project for a 99-unit, 73,163 square-foot R-2 building submitted by Abraham Biller and filed by Abraham Biller with plans filed July 21, 2025 and it has not been permitted yet.
The signatory for the seller, Michael Hamroff and his document storage company Comprehensive Archives, which was sold in 2015 to another firm, was Zion Levi. The signatory for the buyer was Abraham Biller. The contract date was October 31, 2024.

Prior sales and revenue

The 20,000-square-foot property generated revenue of $397,307 or $20 per square foot, according to the most recent income and expense figures.

The property

The parcel has frontage of 190 feet and is 92 feet deep with a total lot size of 17,533 square feet. The zoning is C4-5D which allows for up to 4.2 times floor area ratio (FAR) for commercial and up to 4.2 times FAR for residential with inclusionary housing. The city-designated market value for the property in 2022 is $1.9 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 not received any significant violations in the last year.

The neighborhood

In Cypress Hills, The bulk, or 24 percent of the 8.6 million square feet of commercial built space are mixed-use buildings, with specialty buildings next occupying 20 percent of the space. In sales, Cypress Hills has had very little sales volume relative to other neighborhoods with $81 million in sales volume in the last two years. For development, Cypress Hills has near average amount of major developments among other neighborhoods and is the 10th highest in Brooklyn. It had 1.3 million square feet of commercial and multi-family construction under development in the last two years, which represents 15 percent of the neighborhood’s built space.

The block

On this tax block, PincusCo has identified the owners of three of the eight commercial properties representing 22,888 square feet of the 64,401 square feet. The two identified owners are Yidel Kohn and Herman Jacob.
On the tax block, there were two new building construction projects totaling 147,696 square feet. The largest is a 99-unit, 74,533 square-foot residential (R-2) building submitted by Abraham Biller and filed by Abraham Biller with plans filed July 24, 2025 and it has not been permitted yet. The second largest is a 99-unit, 73,163 square-foot residential (R-2) building submitted by Abraham Biller and filed by Abraham Biller with plans filed July 21, 2025 and it has not been permitted yet.

The majority, or 50 percent of the 64,401 square feet of built space are walkup buildings, with industrial buildings next occupying 50 percent of the space.

Direct link to Acris document. link