Civic Builders pays $11.5M to bankrupt entity of Chaskiel Strulovitch for property in East New York

Civic Builders through the entity Civic Saratoga LLC paid a bankrupted entity of Chaskiel Strulovitch $11.5 million for 720 Livonia Avenue in East New York. The deal closed on January 21, 2021 and was recorded on February 18, 2021. The transaction consists of 1 parcel, including the tax class public elementary junior and senior high schools (W1)The property is 28,000 square feet.
The average sale price per square foot is $411.

The seller was the trustee of a Chapter 7 bankruptcy court action. The last time the property sold was June 29, 2015 for $4,934,000.
Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000.

Direct link to Acris document. link
The signatory for the buyer was David Umansky.