Buyers pay $4.3M for 3-family in Greenpoint

A group of buyers including Jonathan Unger, Chloe Unger and Gladys Galer paid $4.3 million to Dianne Arnold through the entity 107 Kent LLC for the three-unit building (C0) at 107 Kent Street in Greenpoint, Brooklyn.
The deal closed on August 10, 2023 and was recorded on August 15, 2023. The property has 4,780 square feet of built space and 224 square feet of additional air rights for a total buildable of 4,998 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $899 and the price per buildable square foot is $860 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.)

Prior sales and revenue

The former owners according to the Department of Housing Preservation and Development includes Vincent Arnold, head officer and Dianne Arnold, officer. The business entity is 107 Kent Llc.

The property

The parcel has frontage of 25 feet and is 100 feet deep with a total lot size of 2,499 square feet. The zoning is R6B which allows for up to 2 times floor area ratio (FAR) for residential with inclusionary housing. The property is in the Greenpoint Historic District. The city-designated market value for the property in 2022 is $4.7 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 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 10 of the 22 commercial properties representing 68,542 square feet of the 115,966 square feet. The largest owner is Broadway Stages, followed by Dariusz Brozozowski and then George Jedda.
There are no active new building construction projects on this tax block.

The majority, or 55 percent of the 115,966 square feet of built space are walkup buildings, with mixed-use buildings next occupying 29 percent of the space.

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