Bijur family pays $3M to buy back mixed-use in Park Slope after 27 years

Jason Bijur and David Bijur through the entity 149 Prospect LLC paid $3 million for the two-unit mixed-use building (K4) at 52 7th Avenue in Park Slope, Brooklyn.
The deal closed on July 21, 2025 and was recorded on August 7, 2025. The property has 4,534 square feet of built space and 2,977 square feet of additional air rights for a total buildable of 7,506 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $661 and the price per buildable square foot is $399 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 the seller, Anastasia Cretekos on behalf of herself and the late Michael Gross, was Anastasia Cretekos. The signatory for Jason Bijur and David Bijur was Luis Laboy. The contract date was July 18, 2025. Cretekos and Gross bought the property in 1998 from the Bijurs for $750,000, taking back a purchase money mortgage. In this sale, the Bijurs are buying from Anastasia Cretekos and the late Michael Gross, financed with a purchase money mortgage from Cretekos.

Prior sales and revenue

Prior to this transaction, PincusCo has no record that the buyer Jason Bijur had purchased any other properties and sold one property in one transaction for a total of $3.8 million over the past 24 months.
The seller Anastasia Cretekos 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 Anastasia Cretekos, head officer and Michael Gross, officer. The 4,534-square-foot property generated revenue of $221,878 or $49 per square foot, according to the most recent income and expense figures.

The property

The mixed-use building with 2 residential units in Park Slope has 4,534 square feet of built space and 2,977 square feet of additional air rights for a total buildable of 7,506 square feet according to a PincusCo analysis of city data. The parcel has frontage of 22 feet and is 110 feet deep with a total lot size of 2,502 square feet. The zoning is R6A which allows for up to 3 times floor area ratio (FAR) for residential with inclusionary housing. The property is in the Park Slope Historic District. The city-designated market value for the property in 2022 is $1 million. The property has 6 rent regulated units according to city tax records from 2023.

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 $750 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 Park Slope, The bulk, or 36 percent of the 9.8 million square feet of commercial built space are walkup buildings, with mixed-use buildings next occupying 26 percent of the space. In sales, Park Slope has 2.8 times the average sales volume among other neighborhoods with $775 million in sales volume in the last two years and is the 5th highest in Brooklyn. For development, Park Slope has had very little major development activity relative to other neighborhoods.It had 1 million square feet of commercial and multi-family construction under development in the last two years, which represents 10 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 four of the 11 commercial properties representing 11,560 square feet of the 42,661 square feet. The largest owner is Andrew Latsko, followed by Joseph Berman and then Brooklyn Queens Conservatory Of Music.
There are no active new building construction projects on this tax block.

The majority, or 66 percent of the 42,661 square feet of built space are walkup buildings, with mixed-use buildings next occupying 21 percent of the space.

The seller

The PincusCo database currently indicates that Michael Gross owned at least one commercial property with 35 residential units in New York City with 29,639 square feet and a city-determined market value of $6.1 million. (Market value is typically about 50% of actual value.) The portfolio consists of at least a single elevator property. It is located in Brooklyn.

The buyer

The PincusCo database currently indicates that Jason Bijur owned at least two commercial properties with 10 residential units in New York City with 10,504 square feet and a city-determined market value of $2.3 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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