Albert Dayan pays $3.2M for mixed-use in Greenpoint

Albert Dayan through the entity 210 Franklin Aretz, LLC paid $3.2 million to the entity 210 Franklin, LLC for the two-unit mixed-use building (S2) at 210 Franklin Street in Greenpoint, Brooklyn. The expected use is cash flowing.
The deal closed on October 10, 2025 and was recorded on October 31, 2025. The property has 3,750 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $853 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 Dianna Fiorentino was Dianna Fiorentino. The signatory for Albert Dayan was Albert Dayan. The contract date was May 16, 2025.

Prior sales and revenue

Prior to this transaction, PincusCo has records that the buyer Albert Dayan purchased six properties in six transactions for a total of $17.7 million and has no record it sold any properties over the past 24 months.
The seller Dianna Fiorentino had not purchased any other properties and had not sold any properties over the same time period.

The property

The mixed-use building with 2 residential units in Greenpoint has 3,750 square feet of built space according to a PincusCo analysis of city data. The parcel has frontage of 25 feet and is 70 feet deep with a total lot size of 1,750 square feet. The zoning is R6B which allows for up to 2 times floor area ratio (FAR) for residential with inclusionary housing. The city-designated market value for the property in 2022 is $1.4 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.

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 neighborhood

In Greenpoint, The bulk, or 29 percent of the 23.8 million square feet of commercial built space are walkup buildings, with industrial buildings next occupying 26 percent of the space. In sales, Greenpoint has 3.2 times the average sales volume among other neighborhoods with $933.5 million in sales volume in the last two years and is the 3rd highest in Brooklyn. For development, Greenpoint has 1.3 times the average amount of major developments relative to other neighborhoods and is the 6th highest in Brooklyn. It had 1.9 million square feet of commercial and multi-family construction under development in the last two years, which represents 8 percent of the neighborhood’s built space. There was one pre-foreclosure suit filed among other mixed-use buildings in the past 12 months.

The block

On this tax block, PincusCo has identified the owners of 17 of the 25 commercial properties representing 311,883 square feet of the 345,431 square feet. The largest owner is World Wide Group, followed by Joseph Torres and then Casablanca Management.
There are no active new building construction projects on this tax block.

The majority, or 50 percent of the 345,431 square feet of built space are elevator buildings, with walkup buildings next occupying 27 percent of the space.

The buyer

The PincusCo database currently indicates that Albert Dayan owned at least eight commercial properties with 19 residential units in New York City with 25,110 square feet and a city-determined market value of $14.8 million. (Market value is typically about 50% of actual value.) Within the portfolio, all identified are mixed-use properties. They are all located in Brooklyn.

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