Berry Perlstein pays $3.2M for 3-family in Borough Park, possible dev site

Berry Perlstein through the entity 1540 Property LLC paid $3.2 million for the three-unit building (C0) at 1540 52nd Street in Borough Park, Brooklyn. The possible use is new development.
The deal closed on January 15, 2026 and was recorded on January 16, 2026. The property has 3,264 square feet of built space and 6,491 square feet of additional air rights for a total buildable of 9,737 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $980 and the price per buildable square foot is $328 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 included Tamara Hartman and Judith Deucht. The signatory for Berry Perlstein was Berry Perlstein. The contract date was May 4, 2025.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has records that the buyer Berry Perlstein purchased one property in one transaction for a total of $3.3 million and has no record it sold any properties over the past 24 months.
The seller Tamara Hartman had not purchased any other properties and had not sold any properties over the same time period. The former owners according to the Department of Housing Preservation and Development includes Eva Deucht, head officer and Robert Deucht, agent.

The property

The 1-4 family building with 3 residential units in Borough Park has 3,264 square feet of built space and 6,491 square feet of additional air rights for a total buildable of 9,737 square feet according to a PincusCo analysis of city data. The parcel has frontage of 40 feet and is 100 feet deep with a total lot size of 4,007 square feet. The zoning is R6 which allows for up to 2.43 times floor area ratio (FAR) for residential. The city-designated market value for the property in 2022 is $2 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 block

On this tax block, PincusCo has identified the owners of one of the 11 commercial properties representing 35,100 square feet of the 114,746 square feet. The identified owner is Landau Real Estate.
There are no active new building construction projects on this tax block.

The majority, or 87 percent of the 114,746 square feet of built space are elevator buildings, with mixed-use buildings next occupying 9 percent of the space.

The buyer

The PincusCo database currently indicates that Berry Perlstein owned at least one commercial property in New York City with 10,720 square feet and a city-determined market value of $1.6 million. (Market value is typically about 50% of actual value.) The portfolio has $8 million in debt, borrowed from Grasshopper Bank. The portfolio consists of at least a single office property. It is located in Brooklyn.

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