Eili Blaleh pays $3.8M for 5-unit walkup in Williamsburg

Eili Blaleh through the entity Bh 112 North 7th Street Realty LLC paid $3.8 million to Avraham Feldman through the entity 112 North 7th LLC for the five-unit residential walkup building (C2) at 112 North 7th Street in Williamsburg, Brooklyn. The expected use is cash flowing.
The deal closed on August 18, 2025 and was recorded on August 27, 2025. The property has 2,850 square feet of built space and 2,150 square feet of additional air rights for a total buildable of 5,000 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $1,333 and the price per buildable square foot is $760 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 seller bought the property on November 13, 2008, for $1.2 million. The signatory for Avraham Feldman was Avi Feldman . The signatory for Eili Blaleh was Eili Blaleh. The contract date was June 6, 2025.

Prior sales and revenue

Prior to this transaction, PincusCo has records that the buyer Eili Blaleh purchased one property in one transaction for a total of $4.3 million and has no record it sold any properties over the past 24 months.
The seller Avraham Feldman had not purchased any other properties and had not sold any properties over the same time period. The former owners according to the Department of Housing Preservation and Development includes Avi Feldman, head officer and Emanuel Yanez, site manager. The business entity is 112 North 7th Street Llc.

The property

The residential walkup building with 5 residential units in Williamsburg has 2,850 square feet of built space and 2,150 square feet of additional air rights for a total buildable of 5,000 square feet according to a PincusCo analysis of city data. The parcel has frontage of 25 feet and is 100 feet deep with a total lot size of 2,500 square feet. The zoning is M1-2/R6B which allows for up to 2 times floor area ratio (FAR) for manufacturing and up to 2 times FAR for residential with inclusionary housing. The city-designated market value for the property in 2022 is $1.9 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 $3,490 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 block

On this tax block, PincusCo has identified the owners of 22 of the 28 commercial properties representing 101,803 square feet of the 127,783 square feet. The largest owner is Empire State Realty Trust, followed by L3 Capital and then Acadia Realty Trust.
On the tax block, there was one new building construction project filed totaling 5,391 square feet. It is a 5,391 square-foot mercantile (M) building submitted by Michael Alvandi with plans filed October 14, 2022 and permitted April 3, 2023.

The majority, or 52 percent of the 127,783 square feet of built space are mixed-use buildings, with walkup buildings next occupying 24 percent of the space.

The buyer

The PincusCo database currently indicates that Eili Blaleh owned at least two commercial properties with nine residential units in New York City with 7,920 square feet and a city-determined market value of $2.7 million. (Market value is typically about 50% of actual value.) Within the portfolio, the bulk, or 56 percent of the 7,920 square feet of built space are mixed-use properties, with C3 properties next occupying 44 percent of the space. They are all located in Brooklyn.

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