Chaskel Landau signs $20.6M refi with A&E Real Estate for 22-unit rental in Williamsburg

Chaskel Landau of LC Management USA, through the entity 303 Wythe Ave LLC as borrower signed a refi loan with lender A&E Real Estate Holdings through the entity A&E Real Estate Finance SPV A-1, LLC valued at $20.6 million for the 22-unit residential elevator building (D7) at 303 Wythe Avenue in Williamsburg, Brooklyn.
The deal closed on July 31, 2025 and was recorded on August 11, 2025. The prior lender was S3 Capital which held debt that had an original loan amount of $15.8 million.The property has 26,987 square feet of built space according to a PincusCo analysis of city data. The loan price per built square foot is $764 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 owner bought the property on June 9, 2022, for $9 million. The signatory for Chaskel Landau was Chaskel Landau. The signatory for A&E Real Estate Holdings was Maggie Brunn .

The property

The residential elevator building with 22 residential units in Williamsburg has 26,987 square feet of built space according to a PincusCo analysis of city data. The parcel has frontage of 100 feet and is 75 feet deep with a total lot size of 7,500 square feet. The zoning is R6 which allows for up to 2.43 times floor area ratio (FAR) for residential. The city-designated market value for the property in 2022 is $2.2 million. The most recent loan totaled $14 million and was provided by S3 Capital on June 9, 2022.

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 one DOB violation in the last year.

Development

On the lot, there is one active major alteration construction project, B00730934, for a 22-unit, 22,874 square-foot R-2 building. The project was submitted by LC management and filed by Chesky Landau with plans filed May 16, 2022 and permitted May 11, 2023.

The block

On this tax block, PincusCo has identified the owners of eight of the 17 commercial properties representing 67,919 square feet of the 99,872 square feet. The largest owner is Harper Capital Partners, followed by Zalmen Biederman and then Katarzyna Kucia.
On the tax block, there were three new building construction projects totaling 12,063 square feet. The largest is a three-unit, 5,497 square-foot residential (R-2) building submitted by Guy Mor with plans filed June 2, 2022 and permitted June 14, 2023. The second largest is a one-unit, 3,398 square-foot residential (R-3) building submitted by Itzhak Maman with plans filed December 20, 2022 and permitted March 10, 2023.

The majority, or 78 percent of the 99,872 square feet of built space are walkup buildings, with industrial buildings next occupying 17 percent of the space.

The borrower

The PincusCo database currently indicates that Chaskel Landau owned at least 28 commercial properties with 259 residential units in New York City with 241,981 square feet and a city-determined market value of $40.7 million. (Market value is typically about 50% of actual value.) The portfolio has $51.4 million in debt, with top three lenders as S3 Capital, Broadview Capital, and Signature Bank respectively. Within the portfolio, the bulk, or 34 percent of the 241,981 square feet of built space are walkup properties, with elevator properties next occupying 31 percent of the space. The bulk, or 88 percent of the built space, is in Brooklyn, with Manhattan next at 12 percent of the space.

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