DAX Real Estate pays $12.3M to Mendel Gold for two mixed-use buildings in Williamsburg

DAX Real Estate through the entity 235-237 Kent Owner LLC paid $12.3 million to Mendel Gold through the entity 235-237 Kent Avenue Group LLC for six-unit mixed-use building (S5) at 237 Kent Avenue in Williamsburg, Brooklyn and six-unit mixed-use building (S5) at 235 Kent Avenue in Williamsburg, Brooklyn.
The deal closed on November 29, 2021 and was recorded on December 30, 2021.
The two properties have 12,508 square feet of built space and 956 square feet of additional air rights according to PincusCo analysis of city data. The sale price per built square foot is $983 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 Mendel Gold was Mendel Gold. The signatory for DAX Real Estate was Daniel Hedaya.
(320880640)The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building with 5 residential units on March 23, 2016.
The owner according to the Department of Housing Preservation and Development is Mendel Gold, head officer. The business entity is 235-237 Kent Ave Group Llc.
Within a 400-foot radius of 237 Kent Avenue, PincusCo identified two commercial real estate items of interests occurred over the past 24 months.
Of those two items, one was in new building development. It was a new building permit application filed on December 1, 2020 for a 51,398-square-foot R-2 building with 45 residential units at 74 North 1st.
Of those two items, one was for major renovation including a certificate of occupancy change. It was a permit application filed on September 16, 2020 for the $750,000 renovation of 5,130-square-foot R-3 building with two residential units at 229 Kent Avenue.

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