DSA Property Group signs $10.2M refi with UBS for 34-unit rental in Bedford Stuyvesant

DSA Property Group through the entity DSA 885-415 Park Avenue Owner LLC as borrower signed a refi loan with lender UBS through the entity Ubs Ag New York Branch valued at $10.2 million for the 34-unit residential elevator building (D9) at 885 Park Avenue in Bedford Stuyvesant, Brooklyn.
The deal closed on October 1, 2025 and was recorded on October 10, 2025. The prior lender was Blackstone Group which held debt that had an original loan amount of $11.2 million.The property has 57,125 square feet of built space according to a PincusCo analysis of city data. The loan price per built square foot is $179 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 February 9, 2016, for $12.8 million. The signatory for DSA Property Group was Arik Lifshitz. The signatory for UBS was Racquel Small and Jeremy Schneider .

Prior sales and revenue

The owners according to the Department of Housing Preservation and Development includes Arik Lifshitz, head officer and Rodrigo Lema, site manager. The business entity is Dsa 885 Park Avenue Llc. The 57,125-square-foot property generated revenue of $1.4 million or $24 per square foot, according to the most recent income and expense figures.

The property

The residential elevator building with 34 residential units in Bedford Stuyvesant has 57,125 square feet of built space according to a PincusCo analysis of city data. The parcel has frontage of 114 feet and is 100 feet deep with a total lot size of 8,590 square feet. The lot is irregular. The zoning is C4-4L which allows for up to nan times floor area ratio (FAR) for commercial and up to 4 times FAR for residential with inclusionary housing.

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 $700 in OATH penalties in the last year.

Development

For the tax lot building, it received its initial certificate of occupancy on November 22, 2013. 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 nine of the 29 commercial properties representing 113,427 square feet of the 196,037 square feet. The largest owner is Dsa Property Group, followed by Bruchy Lefkowitz and then Moshe Ja.
On the tax block, there was one new building construction project filed totaling 45,812 square feet. It is a 50-unit, 45,812 square-foot residential (R-2) building submitted by Bruchy Lefkowitz and filed by Bruchy Lefkowitz with plans filed July 18, 2023 and permitted November 26, 2024.

The majority, or 41 percent of the 196,037 square feet of built space are mixed-use buildings, with elevator buildings next occupying 29 percent of the space.

The borrower

The PincusCo database currently indicates that DSA Property Group owned at least 32 commercial properties with 850 residential units in New York City with 814,250 square feet and a city-determined market value of $112 million. (Market value is typically about 50% of actual value.) Within the portfolio, the bulk, or 63 percent of the 814,250 square feet of built space are elevator properties, with walkup properties next occupying 37 percent of the space. The bulk, or 43 percent of the built space, is in Manhattan, with Brooklyn next at 22 percent of the space.

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