Fei Guo pays $7.7M to Amos Financial for 19-unit rental in Clinton Hill

Fei Guo through the entity Kg Atlantic Realty Holding Inc. paid $7.7 million through a real estate owned sale to former lender Amos Financial for the 19-unit residential elevator building (D3) at 929 Atlantic Avenue in Clinton Hill, Brooklyn. The expected use is cash flowing.
The deal closed on May 27, 2026 and was recorded on June 15, 2026. The property has 17,469 square feet of built space and 775 square feet of additional air rights for a total buildable of 18,240 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $440 and the price per buildable square foot is $422 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.)
Amos Financial took title to the property on August 5, 2022. The signatory for Amos Financial was Ohannes Korogluyan . The signatory for Fei Guo was Fei Guo. The contract date was April 8, 2026.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has no record that the buyer Fei Guo had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Amos Financial purchased one property in one transaction for a total of $2.6 million and had not sold any properties over the same time period.

The property

The residential elevator building with 19 residential units in Clinton Hill has 17,469 square feet of built space and 775 square feet of additional air rights for a total buildable of 18,240 square feet according to a PincusCo analysis of city data. The parcel has frontage of 50 feet and is 100 feet deep with a total lot size of 4,560 square feet. The zoning is R7A which allows for up to 4 times floor area ratio (FAR) for residential with inclusionary housing. The city-designated market value for the property in 2022 is $3.5 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 $4,840 in ECB penalties and $4,840 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. On the tax lot, the most recent condominium plan was filed by ATLANTIC BROOKLAND LLC to create 19 residential units in a building at 929 Atlantic Avenue in Clinton Hill, Brooklyn, called 929 Atlantic Avenue Condominium that has a $15 million sellout, according to an January 10, 2018 submission to the New York State Attorney General. The principal of the sponsor, ATLANTIC BROOKLAND LLC, was Boaz Gilad.

The block

On this tax block, PincusCo has identified the owners of five of the 15 commercial properties representing 93,171 square feet of the 130,517 square feet. The largest owner is Amac Holdings , followed by Skyway Equities.
On the tax block, there were two new building construction projects totaling 32,535 square feet. The largest is a 21-unit, 17,229 square-foot residential (R-2) building submitted by Boaz Gilad with plans filed August 12, 2015 and permitted August 18, 2017. The second largest is a 19-unit, 15,306 square-foot residential (R-2) building submitted by Boaz Gilad with plans filed October 7, 2014 and permitted August 18, 2017.

The majority, or 68 percent of the 130,517 square feet of built space are elevator buildings, with industrial buildings next occupying 23 percent of the space.

The seller

The PincusCo database currently indicates that Amos Financial owned at least one commercial property with 18 residential units in New York City with 19,800 square feet and a PincusCo-determined asset value of $2.6 million. The portfolio consists of at least a single walkup property.

The buyer

The PincusCo database currently indicates that Fei Guo owned at least five commercial properties with one residential unit in New York City with 38,432 square feet and a PincusCo-determined asset value of $38.3 million. The portfolio has $23.2 million in debt, borrowed from Cathay Bank . Within the portfolio, the bulk, or 48 percent of the 38,432 square feet of built space are O5 properties, with retail properties next occupying 30 percent of the space.

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