Chaim Porges pays $3M for industrial in Sunset Park

Chaim Porges through the entity 251 43st Lll paid $3 million to Blend Bekteshi through the entity Blend 251 LLC for the industrial building (E1) at 251 43rd Street in Sunset Park, Brooklyn.
The deal closed on April 13, 2026 and was recorded on May 6, 2026. The property has 7,000 square feet of built space and 7,012 square feet of additional air rights for a total buildable of 14,024 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $425 and the price per buildable square foot is $212 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 seller bought the property on January 19, 2024, for $2.3 million. The signatory for Blend Bekteshi was Blend Bekteshi. The signatory for Chaim Porges was Chaim Porges. The contract date was April 13, 2026.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has no record that the buyer Chaim Porges had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Blend Bekteshi had not purchased any other properties and had not sold any properties over the same time period.

The property

The industrial building in Sunset Park has 7,000 square feet of built space and 7,012 square feet of additional air rights for a total buildable of 14,024 square feet according to a PincusCo analysis of city data. The parcel has frontage of 70 feet and is 100 feet deep with a total lot size of 7,012 square feet. The lot is irregular. The zoning is M1-2 which allows for up to 2 times floor area ratio (FAR) for manufacturing The city-designated market value for the property in 2022 is $302,000.

Transaction Participants

Abraham Raab at Law Office Of Abraham Raab participated in the transaction on behalf of the buyer.

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 Sunset Park, The bulk, or 30 percent of the 35 million square feet of commercial built space are industrial buildings, with specialty buildings next occupying 26 percent of the space. In sales, Sunset Park has near average sales volume among other neighborhoods with $371.2 million in sales volume in the last two years and is the 19th highest in Brooklyn. For development, Sunset Park has had very little major development activity relative to other neighborhoods.It had 875,975 square feet of commercial and multi-family construction under development in the last two years, which represents 3 percent of the neighborhood’s built space.

The block

On this tax block, PincusCo has identified the owners of 11 of the 39 commercial properties representing 21,961 square feet of the 121,962 square feet. The largest owner is Mario Valdes, followed by Robert Gardyn and then Alex Uyug.
There are no active new building construction projects on this tax block.

The majority, or 76 percent of the 121,962 square feet of built space are industrial buildings, with mixed-use buildings next occupying 16 percent of the space.

The seller

The PincusCo database currently indicates that Blend Bekteshi owned at least one commercial property in New York City with 7,000 square feet and a PincusCo-determined asset value of $3 million. The portfolio consists of at least a single industrial property.

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