Arthur Gabriel pays $19.2M to Kupferman family for 5 walkups in Brooklyn

Arthur Gabriel of Gabriel Prime Realty Inc. paid $15.5 million to the Kupferman family for four walkup buildings in Brooklyn in four separate transactions.

In the first, Arthur Gabriel through the entity 589 5th Ave Realty LLC paid $6.3 million to Kupferman Family through the entity Adar Associates Ny LLC for the eight-unit residential walkup building (C7) at 591 5th Avenue in South Slope, Brooklyn. The expected use is cash flowing.
The deal closed on June 6, 2025 and was recorded on June 23, 2025. The property has 9,938 square feet of built space and 134 square feet of additional air rights for a total buildable of 10,080 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $633 and the price per buildable square foot is $625 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 seller bought the property on March 18, 2013, for $735,000.

In the second, Arthur Gabriel through the entity 437 Franklin Ave Realty LLC paid $4 million to Kupferman Family through the entity 437 Jj & J Associates, LLC for the eight-unit residential walkup building (C1) at 437 Franklin Avenue in Bedford Stuyvesant, Brooklyn. The expected use is cash flowing.
The deal closed on June 6, 2025 and was recorded on June 23, 2025. The property has 4,660 square feet of built space and 738 square feet of additional air rights for a total buildable of 5,400 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $858 and the price per buildable square foot is $740 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 seller bought the property on July 13, 2020, for $1.7 million.
Direct link to Acris document. link

In the third, Arthur Gabriel through the entity 92 Lexington Ave Realty LLC paid $2.8 million to Kupferman Family through the entity 92 Lexington Alexus LLC for the eight-unit residential walkup building (C4) at 92 Lexington Avenue in Bedford Stuyvesant, Brooklyn. The expected use is cash flowing.
The deal closed on June 6, 2025 and was recorded on June 23, 2025. The property has 7,152 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $384 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 seller bought the property on August 10, 2018, for $2.7 million. Direct link to Acris document. link

In the fourth, Arthur Gabriel through the entity 104 6th Ave Realty LLC paid $2.5 million to Kupferman Family through the entity 104 6th Expert Associates LLC for the eight-unit residential walkup building (C1) at 104 6th Avenue in Park Slope, Brooklyn. The expected use is cash flowing.
The deal closed on June 6, 2025 and was recorded on June 23, 2025. The property has 3,760 square feet of built space and 463 square feet of additional air rights for a total buildable of 4,216 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $654 and the price per buildable square foot is $583 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 seller bought the property on July 13, 2017, for $3.3 million. Direct link to Acris document. link

In the fifth Arthur Gabriel through the entity 429 Lincoln Pl Realty LLC paid $3.7 million to Kupferman Family through the entity 429 Lincoln Holdings LLC for the nine-unit residential walkup building (C1) at 429 Lincoln Place in Crown Heights, Brooklyn.
The deal closed on June 6, 2025 and was recorded on June 23, 2025. The property has 5,670 square feet of built space and 5,516 square feet of additional air rights for a total buildable of 11,200 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $652 and the price per buildable square foot is $330 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 seller bought the property on June 21, 2018, for $3.4 million.

The signatory for Kupferman Family was Neil Kupferman . The signatory for Arthur Gabriel was Arthur Gabriel. The contract date was April 23, 2025. Lev Mavashev of Alpha Realty brokered the sale.

Prior sales and revenue

Prior to this transaction, PincusCo has records that the buyer Arthur Gabriel purchased seven properties in six transactions for a total of $27.7 million and has no record it sold any properties over the past 24 months.
The seller Kupferman Family had not purchased any other properties and sold seven properties in six transactions for a total of $21.6 million over the same time period. The former owners according to the Department of Housing Preservation and Development includes Scott Kupferman, head officer and Neil Kupferman, officer. The business entity is Adar Associates Llc.

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

For the tax lot building, it received its initial certificate of occupancy on August 14, 2017. 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 14 of the 30 commercial properties representing 69,655 square feet of the 149,152 square feet. The largest owner is John Scarpinito, followed by Angelo Rigas and then Hyman Schattner.
On the tax block, there were three new building construction projects totaling 181,239 square feet. The largest is a 147-unit, 140,420 square-foot residential (R-2) building submitted by George Rigas and filed by George Rigas with plans filed January 27, 2022 and permitted April 22, 2022. The second largest is a 32-unit, 35,195 square-foot residential (R-2) building submitted by Shia Unsdorfer and filed by Shia Unsdorfer with plans filed April 8, 2024 and permitted April 25, 2025.

The majority, or 34 percent of the 149,152 square feet of built space are elevator buildings, with mixed-use buildings next occupying 24 percent of the space.

The seller

The PincusCo database currently indicates that Kupferman Family owned at least three commercial properties with 25 residential units in New York City with 19,368 square feet and a city-determined market value of $4.5 million. (Market value is typically about 50% of actual value.) Within the portfolio, all identified are walkup properties. They are all located in Brooklyn.

The buyer

The PincusCo database currently indicates that Arthur Gabriel owned at least 12 commercial properties with 92 residential units in New York City with 87,125 square feet and a city-determined market value of $24.3 million. (Market value is typically about 50% of actual value.) The portfolio has $5.9 million in debt, borrowed from Customers Bank. Within the portfolio, the bulk, or 62 percent of the 87,125 square feet of built space are walkup properties, with elevator properties next occupying 26 percent of the space. They are all located in Brooklyn.

Direct link to Acris document. link