Dovid Katz signs $6M initial loan with Ameritas Mutual for 11-unit rental in Crown Heights

Dovid Katz through the entity 807 Washington LLC as borrower signed a initial loan with lender Ameritas Mutual Holding Company through the entity Ameritas Life Insurance Corp. valued at $6 million for the 11-unit rental building at 807 Washington Avenue in Crown Heights, Brooklyn.
The deal closed on May 8, 2026 and was recorded on May 13, 2026. The property has 10,390 square feet of built space according to a PincusCo analysis of city data. The loan price per built square foot is $574 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 October 19, 2022, for $3.8 million. The signatory for Dovid Katz , who also uses the name David Katz, was Jeffrey Edelman .

Prior sales, articles and revenue

The owner according to the Department of Housing Preservation and Development is David Katz, head officer. The business entity is 807 Washington Llc. The 10,390-square-foot property generated revenue of $359,650 or $35 per square foot, according to the most recent income and expense figures.

The property

The property with 11 residential units in Crown Heights has 10,390 square feet of built space according to a PincusCo analysis of city data. The parcel has frontage of 25 feet and is 102 feet deep with a total lot size of 2,425 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 $885,000. The property has 4 rent regulated units according to city tax records from 2024.

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 $750 in OATH penalties in the last year.

Development

For the tax lot building, it received its initial certificate of occupancy on August 14, 2024. 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 four of the four commercial properties representing 165,733 square feet of the 165,733 square feet. The largest owner is Alan Fierstein, followed by Cheskel Jacobowitz and then Greenbrook Partners.
On the tax block, there was one new building construction project filed totaling 529,577 square feet. It is a 37-unit, 529,577 square-foot residential (R-2) building submitted by Happy Living Development and filed by Levi Balkany with plans filed November 10, 2016 and permitted December 11, 2017.

The majority, or 89 percent of the 165,733 square feet of built space are elevator buildings, with walkup buildings next occupying 11 percent of the space.

The borrower

The PincusCo database currently indicates that Dovid Katz owned at least three commercial properties with 35 residential units in New York City with 43,167 square feet and a PincusCo-determined asset value of $9.6 million. Within the portfolio, the bulk, or 97 percent of the 43,167 square feet of built space are walkup properties, with industrial properties next occupying 2 percent of the space.

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