Eliezer Weiser pays $2.6M for 6-unit walkup in Williamsburg

Eliezer Weiser through the entity 143 Rodney Holdings LLC paid $2.6 million to Moshe Labin through the religious entity Khal Chareidim for the six-unit residential walkup building (C2) at 143 Rodney Street in Williamsburg, Brooklyn.
The deal closed on January 23, 2024 and was recorded on February 2, 2024. The property has 3,608 square feet of built space and 1,737 square feet of additional air rights for a total buildable of 5,343 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $728 and the price per buildable square foot is $492 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 Moshe Labin was Moshe Labin. The signatory for Eliezer Weiser was Eliezer Weiser. The contract date was January 30, 2023.

Prior sales and revenue

Prior to this transaction, PincusCo has no record that the buyer Eliezer Weiser had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Moshe Labin 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 Moshe Labin, head officer and Bashy Friedman, site manager. The business entity is Khal Chareidim A Religous Corporation.

The property

The residential walkup building with 6 residential units in Williamsburg has 3,608 square feet of built space and 1,737 square feet of additional air rights for a total buildable of 5,343 square feet according to a PincusCo analysis of city data. The parcel has frontage of 22 feet and is 100 feet deep with a total lot size of 2,199 square feet. The zoning is R6 which allows for up to 2.43 times floor area ratio (FAR) for residential. The city-designated market value for the property in 2022 is $473,000.

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 $800 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 eight of the 15 commercial properties representing 61,105 square feet of the 95,272 square feet. The largest owner is Samuel Kahan As Trustee, followed by R&M Kahan Family Trust and then Moshe Labin.
There are no active new building construction projects on this tax block.

The majority, or 62 percent of the 95,272 square feet of built space are mixed-use buildings, with walkup buildings next occupying 38 percent of the space.

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