Christina Neamonitis pays $2.9M for 8-unit walkup in Bedford Stuyvesant
Christina Neamonitis through the entity Kalchris Realty LLC paid $2.9 million to Sandra Delapenha through the entity Clinton Commons, LLC for the eight-unit residential walkup building (C1) at 287 Classon Avenue in Bedford Stuyvesant, Brooklyn.
The deal closed on May 17, 2024 and was recorded on May 22, 2024. The property has 8,495 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $335 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 Sandra Delapenha was Ronald McLaren. The signatory for Christina Neamonitis was Christina Neamonitis. The contract date was March 11, 2024.
Prior sales and revenue
Prior to this transaction, PincusCo has no record that the buyer Christina Neamonitis had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Sandra Delapenha had not purchased any other properties and had not sold any properties over the same time period. The former owners according to the Department of Housing Preservation and Development includes Fred Delapenha, head officer and Ronald Mclaren, agent. The business entities are Plaza Heights Management and Clinton Commons.
The property
The residential walkup building with 8 residential units in Bedford Stuyvesant has 8,495 square feet of built space according to a PincusCo analysis of city data. The parcel has frontage of 25 feet and is 79 feet deep with a total lot size of 2,037 square feet. The lot is irregular. The zoning is R7A which allows for up to 4 times floor area ratio (FAR) for residential with inclusionary housing. The city-designated market value for the property in 2022 is $1.1 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 $930 in ECB penalties, seven housing violations, and $930 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 this tax block, PincusCo has identified the owners of 14 of the 17 commercial properties representing 235,403 square feet of the 256,711 square feet. The largest owner is Yosef Eliay, followed by Nathan Perlstein and then Mitchell Asher.
There are no active new building construction projects on this tax block.
The majority, or 83 percent of the 256,711 square feet of built space are walkup buildings, with mixed-use buildings next occupying 9 percent of the space.
Direct link to Acris document. link