Cheskel Berkowitz pays $3.6M for industrial in Bedford Stuyvesant

Cheskel Berkowitz through the entity Taaffe Kzr LLC paid $3.6 million to Lawrence Rosenberg through the entity Taaffe Place Realty Corp. for the industrial building (F5) at 50 Taaffe Pl in Bedford Stuyvesant, Brooklyn. The expected use is cash flowing.
The deal closed on January 8, 2026 and was recorded on January 28, 2026. The property has 20,000 square feet of built space and 1,391 square feet of additional air rights for a total buildable of 21,400 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $180 and the price per buildable square foot is $168 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 signatory for Lawrence Rosenberg was Lawrence Rosenberg. The signatory for Cheskel Berkowitz was Cheskel Berkowitz. The contract date was January 8, 2026.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has no record that the buyer Cheskel Berkowitz had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Lawrence Rosenberg had not purchased any other properties and had not sold any properties over the same time period. The 20,000-square-foot property generated revenue of $243,800 or $12 per square foot, according to the most recent income and expense figures.

The property

The industrial building in Bedford Stuyvesant has 20,000 square feet of built space and 1,391 square feet of additional air rights for a total buildable of 21,400 square feet according to a PincusCo analysis of city data. The parcel has frontage of 81 feet and is 138 feet deep with a total lot size of 10,700 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 $1.3 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 received two DOB violations, $18,750 in ECB penalties, and $19,650 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 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 $1.2 billion in sales volume in the last two years. For development, Bedford Stuyvesant has 1.9 times the average amount of major developments relative to other neighborhoods and is the 4th highest in Brooklyn. It had 2.9 million square feet of commercial and multi-family construction under development in the last two years, which represents 5 percent of the neighborhood’s built space.

The block

On this tax block, PincusCo has identified the owners of seven of the 18 commercial properties representing 5,924 square feet of the 153,925 square feet. The largest owner is Jack Guttman, followed by Lipa Markowitz and then Pearl Realty Management.
On the tax block, there was one new building construction project filed totaling 24,228 square feet. It is a 24,228 square-foot assembly (A-3) building submitted by Daniel Azoulay with plans filed September 29, 2017 and it has not been permitted yet.

The majority, or 62 percent of the 153,925 square feet of built space are industrial buildings, with specialty buildings next occupying 38 percent of the space.

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