Andras Fenyves pays $2.9M for mixed-use in Bedford Stuyvesant

Andras Fenyves through the entity 1276 Broadway LLC paid $2.9 million to Joseph Felix through the entity Triangle Square Corp. for the two-unit mixed-use building (S9) at 1276 Broadway in Bedford Stuyvesant, Brooklyn. The expected use is cash flowing.
The deal closed on June 10, 2026 and was recorded on June 22, 2026. The property has 4,626 square feet of built space and 7,301 square feet of additional air rights for a total buildable of 11,920 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $626 and the price per buildable square foot is $243 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 Joseph Felix was Joseph Felix. The signatory for Andras Fenyves was Andras Fenyves. The contract date was January 12, 2026.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has no record that the buyer Andras Fenyves had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Joseph Felix had not purchased any other properties and had not sold any properties over the same time period. The 4,626-square-foot property generated revenue of $173,591 or $38 per square foot, according to the most recent income and expense figures.

The property

The mixed-use building with 2 residential units in Bedford Stuyvesant has 4,626 square feet of built space and 7,301 square feet of additional air rights for a total buildable of 11,920 square feet according to a PincusCo analysis of city data. The parcel has frontage of 68 feet and is 87 feet deep with a total lot size of 2,980 square feet. The lot is irregular. The zoning is C4-4L which allows for up to nan times floor area ratio (FAR) for commercial and up to 4 times FAR for residential with inclusionary housing. The city-designated market value for the property in 2022 is $1 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 received $100 in OATH penalties 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 Bedford Stuyvesant, The bulk, or 35 percent of the 54.8 million square feet of commercial built space are elevator buildings, with walkup buildings next occupying 29 percent of the space. In sales, Bedford Stuyvesant has the 10th highest sale turnover among other neighborhoods in the city with $1.4 billion in sales volume in the last two years. For development, Bedford Stuyvesant has 2.1 times the average amount of major developments relative to other neighborhoods and is the 3rd highest in Brooklyn. It had 3.5 million square feet of commercial and multi-family construction under development in the last two years, which represents 6 percent of the neighborhood’s built space. There were 616 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 12 of the 22 commercial properties representing 174,439 square feet of the 252,258 square feet. The largest owner is Seth Caller, followed by Shlomo Karpen and then Joel Wertzberger .
There are no active new building construction projects on this tax block.

The majority, or 64 percent of the 252,258 square feet of built space are elevator buildings, with walkup buildings next occupying 15 percent of the space.

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