Congregation Machne Chaim signs $20M loan with Webster Bank for school in Bensonhurst

Congregation Machne Chaim through the entity Bais Sarah Educational Center For Girls as borrower signed a loan with lender Webster Bank through the entity Webster Bank, National Association valued at $20 million for the specialty building (W2) at 6101 16th Avenue in Bensonhurst, Brooklyn.
The deal closed on April 30, 2026 and was recorded on May 11, 2026. The prior lender was Bank of Princeton which held debt that had an original loan amount of $5 million. The property has 61,148 square feet of built space according to a PincusCo analysis of city data. The loan price per built square foot is $327 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 November 5, 2003, for $7 million. The signatory for Congregation Machne Chaim was Nuchem Klein . The signatory for Webster Bank was Lisa Congemi .

The property

The specialty building in Bensonhurst has 61,148 square feet of built space according to a PincusCo analysis of city data. The parcel has frontage of 200 feet and is 190 feet deep with a total lot size of 30,000 square feet. The lot is irregular. The zoning is M1-1 which allows for up to 1 times floor area ratio (FAR) for manufacturing The city-designated market value for the property in 2022 is $25.1 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 $5,330 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 Bensonhurst, The bulk, or 34 percent of the 16.5 million square feet of commercial built space are walkup buildings, with mixed-use buildings next occupying 21 percent of the space. In sales, Bensonhurst has near average sales volume among other neighborhoods with $307.4 million in sales volume in the last two years and is the 26th highest in Brooklyn. For development, Bensonhurst has had very little major development activity relative to other neighborhoods.It had 503,776 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 four of the 14 commercial properties representing 67,060 square feet of the 173,728 square feet. The largest owner is Blimie Perlstein, followed by Berry Perlstein and then Yeshiva Gedolah Tefereth Shmuel.
There are no active new building construction projects on this tax block.

The majority, or 59 percent of the 173,728 square feet of built space are industrial buildings, with specialty buildings next occupying 35 percent of the space.

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