Ascenterra Development pays $4.7M for 4-family in Carroll Gardens

Ascenterra Development through the entity 32 Douglass, LLC paid $4.7 million for the four-unit building (C3) at 32 Douglass Street in Carroll Gardens, Brooklyn.
The deal closed on April 29, 2026 and was recorded on May 7, 2026. The property has 3,060 square feet of built space and 1,950 square feet of additional air rights for a total buildable of 5,000 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $1,519 and the price per buildable square foot is $930 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 signatories for the sellers were Michael Mele, Thomas Mele, and Rita Mele. The signatory for Ascenterra Development was Aran Scott . The contract date was December 1, 2025.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has records that the buyer Ascenterra Development purchased three properties in three transactions for a total of $11.9 million and has no record it sold any properties over the past 24 months.
The seller Michael Mele had not purchased any other properties and had not sold any properties over the same time period. The former owner according to the Department of Housing Preservation and Development is Rita Mele, individual owner.

The property

The 1-4 family building with 4 residential units in Carroll Gardens has 3,060 square feet of built space and 1,950 square feet of additional air rights for a total buildable of 5,000 square feet according to a PincusCo analysis of city data. The parcel has frontage of 25 feet and is 100 feet deep with a total lot size of 2,500 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 $1.7 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 block

On this tax block, PincusCo has identified the owners of two of the 17 commercial properties representing 8,100 square feet of the 61,306 square feet. The two identified owners are Icon Realty Management.
There are no active new building construction projects on this tax block.

The majority, or 64 percent of the 61,306 square feet of built space are mixed-use buildings, with walkup buildings next occupying 23 percent of the space.

The buyer

The PincusCo database currently indicates that Ascenterra Development owned at least three commercial properties with 11 residential units in New York City with 12,013 square feet and a PincusCo-determined asset value of $21.2 million. The portfolio has $5.2 million in debt, borrowed from Renovo Financial. Within the portfolio, the bulk, or 45 percent of the 12,013 square feet of built space are C3 properties, with walkup properties next occupying 33 percent of the space.

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