Centerpark sells Brighton Beach garages for $15M
The entity Brighton Properties LLC paid $15 million to Centerpark through the entity Oceana Garage LLC for the garage property (G1) at 75 Oceana Drive East in Brighton Beach, Brooklyn and garage property (G1) at 90 Oceana Drive West in Brighton Beach, Brooklyn. The expected use is cash flowing.
The deal closed on November 12, 2025 and was recorded on December 24, 2025.
The signatory for Centerpark was Gregg Reuben. The signatory for the buyer was was Joshua Plavner. Centerpark CEO Gregg Reuben uses the same address as the buyer entity. The contract date was October 1, 2025. These are underground parking units.
Prior sales, articles and revenue
Prior to this transaction, PincusCo has no record that the buyer Gregg Reuben had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Centerpark purchased two properties in one transaction for a total of $5 million and had not sold any properties over the same time period.
Violations and lawsuits
There were no lawsuits or bankruptcies filed against the properties for the past 24 months. In addition, according to city public data, the properties have received one DOB violation and $18,750 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 block
On the tax block of 90 Oceana Drive West, PincusCo has identified the owners of three of the five commercial properties representing 252,710 square feet of the 252,710 square feet. The two identified owners are Centerpark and Platinum Realty Associates.
There are no active new building construction projects on this tax block.
The majority, or 100 percent of the 16,603 square feet of built space are retail buildings, with specialty buildings next occupying 0 percent of the space.
The seller
The PincusCo database currently indicates that Centerpark owned at least two commercial properties in New York City with 236,107 square feet and a city-determined market value of $8.4 million. (Market value is typically about 50% of actual value.) The portfolio has $22.5 million in debt, borrowed from Citibank and Valley National Bank. Within the portfolio, all identified are industrial properties. They are all located in Brooklyn.
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