Elizabeth McDonald pays $5.3M for 5-unit walkup in Carroll Gardens

Elizabeth McDonald through the entity 64 1st Place LLC paid $5.3 million to Vicenzo Alcaras and David Alcaras through the entity Alcaras, David for the five-unit residential walkup building (C2) at 64 1st Place in Carroll Gardens, Brooklyn. The expected use is cash flowing.
The deal closed on August 20, 2025 and was recorded on August 28, 2025. The property has 4,100 square feet of built space and 2,050 square feet of additional air rights for a total buildable of 6,150 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $1,292 and the price per buildable square foot is $861 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 Vicenzo Alcaras and David Alcaras was Vicenzo Alcaras and David Alcaras. The contract date was December 19, 2025.

Prior sales and revenue

Prior to this transaction, PincusCo has no record that the buyer Elizabeth McDonald had purchased any other properties and sold one property in one transaction for a total of $3.1 million over the past 24 months.
The seller Vicenzo Alcaras 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 David Alcaras, joint owner and Vincenzo Alcaras, joint owner. The 4,100-square-foot property generated revenue of $169,330 or $41 per square foot, according to the most recent income and expense figures.

The property

The residential walkup building with 5 residential units in Carroll Gardens has 4,100 square feet of built space and 2,050 square feet of additional air rights for a total buildable of 6,150 square feet according to a PincusCo analysis of city data. The parcel has frontage of 20 feet and is 100 feet deep with a total lot size of 2,050 square feet. The zoning is R6A which allows for up to 3 times floor area ratio (FAR) for residential with inclusionary housing. The city-designated market value for the property in 2022 is $2.3 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 six of the 16 commercial properties representing 30,728 square feet of the 85,495 square feet. The largest owner is Jonathan Holman, followed by Peak Capital Advisors and then Sarah Di Stefano Trustee.
On the tax block, there was one new building construction project filed totaling 10,974 square feet. It is a six-unit, 10,974 square-foot residential (R-2) building submitted by Robin Damaghi and filed by Robin Damaghi with plans filed July 12, 2023 and permitted February 21, 2024.

The majority, or 84 percent of the 85,495 square feet of built space are walkup buildings, with mixed-use buildings next occupying 9 percent of the space.

The buyer

The PincusCo database currently indicates that Elizabeth Mcdonald owned at least three commercial properties with 17 residential units in New York City with 35,667 square feet and a city-determined market value of $5 million. (Market value is typically about 50% of actual value.) Within the portfolio, the bulk, or 76 percent of the 35,667 square feet of built space are elevator properties, with retail properties next occupying 16 percent of the space. They are all located in Brooklyn.

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