Eliezer Lefkowitz pays $3.3M for 9-unit walkup in Park Slope

Eliezer Sizye Lefkowitz through the entity 123 Eighth Avenue LLC paid $3.3 million to Nachum Dirnfeld through the entity 123 8th Avenue Corp. for the nine-unit residential walkup building (C1) at 123 8th Avenue in Park Slope, Brooklyn.
The deal closed on January 12, 2024 and was recorded on January 30, 2024. The property has 6,666 square feet of built space and 1,056 square feet of additional air rights for a total buildable of 7,728 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $495 and the price per buildable square foot is $427 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 Nachum Dirnfeld was Nachum Dirnfeld. The signatory for Eliezer Sizye Lefkowitz was Eliezer Sizye Lefkowitz. The contract date was June 2, 2023.

Prior sales and revenue

Prior to this transaction, PincusCo has no record that the buyer Eliezer Sizye Lefkowitz had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Nachum Dirnfeld 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 Ilsa Beltran, head officer and Julio Gonzalez, site manager. The business entity is 123 8th Ave Corp.

The property

The residential walkup building with 9 residential units in Park Slope has 6,666 square feet of built space and 1,056 square feet of additional air rights for a total buildable of 7,728 square feet according to a PincusCo analysis of city data. The parcel has frontage of 23 feet and is 112 feet deep with a total lot size of 2,576 square feet. The zoning is R7B which allows for up to 3 times floor area ratio (FAR) for residential. The property is in the Park Slope Historic District. The city-designated market value for the property in 2022 is $3.1 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 not received any significant violations 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 five of the 12 commercial properties representing 28,788 square feet of the 66,327 square feet. The largest owner is Stan Levine, followed by Samuel E. Bravmann and then Robert Linn & Carol Linn.
There are no active new building construction projects on this tax block.

The majority, or 68 percent of the 66,327 square feet of built space are walkup buildings, with mixed-use buildings next occupying 32 percent of the space.

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