Bingo Wholesale grocer pays $50M for Bed-Stuy location, follows years of seller-family litigation

The Brooklyn-based grocer Bingo Wholesale paid $50 million for a Bedford Stuyvesant, Brooklyn, future grocery store site in three transactions, a deal that was delayed because of years of litigation between members of the Follman family.

In the first transaction, Bingo Wholesale through the entity Norworth Holdings LLC paid $25 million to Abraham Follman and Mordechei Zvi Follman through the entity Efft Tic LLC (and others) for the first floor of the industrial building at 18 Warsoff Place (condo unit 1001) in Bedford Stuyvesant, Brooklyn. The property has 37,916 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $659 per the PincusCo analysis.

In the second, Bingo through Norworth Holdings LLC paid $14 million to Efft Tic LLC for the industrial building (E1) at 39 Walworth Street in Bedford Stuyvesant, Brooklyn. The property has 69,747 square feet of built space and 145,570 square feet of additional air rights for a total buildable of 215,660 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $200 and the price per buildable square foot is $64 per the PincusCo analysis.

In the third, Bingo through Norworth Holdings LLC paid $11 million to Efft Tic LLC for the development building (V1) at N/A Walworth Street in Bedford Stuyvesant, Brooklyn.
The deal closed on June 12, 2026 and was recorded on June 18, 2026. The property has zero square feet of built space and 27,226 square feet of additional air rights for a total buildable of 27,226 square feet according to a PincusCo analysis of city data. The sale price per buildable square foot is $404 per the PincusCo analysis.

The deals closed on June 12, 2026 and were recorded on June 18, 2026. The contracts were signed October 31, 2025.

Bingo Wholesale primarily serves kosher shoppers and operates in communities with significant Orthodox Jewish populations, though the company also markets itself to a broader customer base, according to published reports.

The signatory for Abraham Follman and Mordechei Zvi Follman was Abraham Follman. The signatory for Bingo Wholesale was David Weiss .

The Follman family was involved in an internal legal dispute in New York State, through fililings in Brooklyn under index numbers 541258/2025, 502908/2025 and 508865/2023 and the Matter of the Estate of Lazar Follman, File No. 2018-2240.

These rulings stem from the fundamental dispute in which Ahron Follman claimed his brother, Avraham, and independent trustee Eugene Gruber illegally decanted the assets of their parents’ 2011 Family Trusts into 2017 Trusts (of which Avraham is the sole beneficiary).

The plaintiff, Ahron Follman, sought to halt the $50 million sale to Bingo, by claiming that he acted as a manager with veto power under a 2011 operating agreement and that the property was being sold at an insider, low-ball price. The defendants countered that Ahron was never a manager and that the deal was highly favorable. To protect the parties while broader trust validity issues were litigated elsewhere, State Supreme Court Justice Levine vacated the temporary restraining order, ordered an independent property appraisal, and mandated that Ahron’s claimed 25% share of the sale proceeds be held in escrow. This litigation stems directly from the March 22, 2023, summons and verified complaint found in 508865_2023_Ahron_N_Follman_as_Tr_v_Ahron_N_Follman_as_Tr_SUMMONS___COMPLAINT_1.pdf. In that foundational action, Ahron sued his brother Avraham, co-trustee Eugene Gruber, and the law firm Meltzer Lippe for over $100 million in damages. Ahron alleged that the defendants breached their fiduciary duties and committed legal malpractice by unlawfully decanting valuable real estate assets out of their parents’ 2011 family trusts and transferring them into 2017 trusts where Avraham was named the sole beneficiary. Redacted contract https://iapps.courts.state.ny.us/nyscef/ViewDocument?docIndex=NuVR/oCbM486vnfPyTaJyg== ?fb_comment_id=2103512366371540_3809296779126415

David Weiss, who owns Bingo Wholesale is in a venture with Israel’s grocery chain Osher Ad, which has 21 stores in Israel. Weiss has the owner entity registered at 431 Dahill Avenue, a building owned by Congregation Yetev Lev Satmar.

Ahron and Avraham’s father Lazar D. Follman passed away at the age of 89 on April 19, 2018, and their mother, Esther Follman, died three years later on September 7, 2021. Together, the couple had five children: the plaintiff, Ahron N. Follman, and his four siblings, Avraham Meir Follman, Mordechai Zvi Follman, Malka Tuna Reiner, and Raisel Herzberg.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has no record that the buyer Bingo Wholesale had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Abraham Follman had not purchased any other properties and had not sold any properties over the same time period.

The property

The industrial condo in Bedford Stuyvesant has 37,916 square feet of built space according to a PincusCo analysis of city data. The parcel has a total lot size of 37,916 square feet. The city-designated market value for the property in 2022 is $2.1 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 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 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 3.4 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.

The block

On this tax block, PincusCo has identified the owners of three of the seven commercial properties representing 12,512 square feet of the 84,242 square feet. The largest owner is Isaschar Dov Goldstein, followed by Martin Spitzer and then Yitzchok Fisch.
On the tax block, there was one new building construction project filed totaling 18,536 square feet. It is a one-unit, 18,536 square-foot assembly (A-3) building submitted by Isaschar Goldstein and filed by Isaschar Goldstein with plans filed October 6, 2022 and permitted August 2, 2024.

The majority, or 100 percent of the 84,242 square feet of built space are industrial buildings, with specialty buildings next occupying 0 percent of the space.

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