Firebird Grove sells mixed-use in Boerum Hill for $3M

Joseph Daskal through the entity 32 4th Avenue LLC paid $3 million to Firebird Grove through the entity OR 40 Fourth, LLC for the four-unit mixed-use building (S9) at 40 4th Avenue in Boerum Hill, Brooklyn.
The deal closed on April 22, 2026 and was recorded on May 8, 2026. The property has 4,000 square feet of built space and 4,424 square feet of additional air rights for a total buildable of 8,428 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $762 and the price per buildable square foot is $361 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 September 22, 2020, for $2.4 million. The signatory for Firebird Grove was Adam Semler . The signatory for Joseph Daskal was Joseph Daskal. The contract date was March 10, 2026.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has records that the buyer Joseph Daskal purchased one property in one transaction for a total of $4.4 million and has no record it sold any properties over the past 24 months.
The seller Firebird Grove purchased 10 properties in two transactions for a total of $32.9 million and sold three properties in three transactions for a total of $10.8 million over the same time period. The former owners according to the Department of Housing Preservation and Development includes Marla Siegel, head officer and Jair Gutierrez, agent. The business entity is Or 40 Fourth, Llc.

The property

The mixed-use building with 4 residential units in Boerum Hill has 4,000 square feet of built space and 4,424 square feet of additional air rights for a total buildable of 8,428 square feet according to a PincusCo analysis of city data. The parcel has frontage of 20 feet and is 70 feet deep with a total lot size of 1,400 square feet. The zoning is C4-4D which allows for up to 3.4 times floor area ratio (FAR) for commercial and up to 6.02 times FAR for residential with inclusionary housing. The city-designated market value for the property in 2022 is $1.5 million.

Transaction Participants

Abraham Weisel participated in the transaction on behalf of the buyer.

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 neighborhood

In Boerum Hill, The bulk, or 32 percent of the 9 million square feet of commercial built space are elevator buildings, with mixed-use buildings next occupying 16 percent of the space. In sales, Boerum Hill has 2.1 times the average sales volume among other neighborhoods with $722.8 million in sales volume in the last two years and is the 9th highest in Brooklyn. For development, Boerum Hill has 1.7 times the average amount of major developments relative to other neighborhoods and is the 5th highest in Brooklyn. It had 2.7 million square feet of commercial and multi-family construction under development in the last two years, which represents 30 percent of the neighborhood’s built space. There were 84 pre-foreclosure suit filed among other mixed-use buildings in the past 12 months.

The block

On this tax block, PincusCo has identified the owners of six of the 11 commercial properties representing 66,812 square feet of the 210,103 square feet. The largest owner is Nyc Department Of Education, followed by Kadima Properties and then Lloyd Properties.
There are no active new building construction projects on this tax block.

The majority, or 83 percent of the 210,103 square feet of built space are specialty buildings, with walkup buildings next occupying 8 percent of the space.

The seller

The PincusCo database currently indicates that Firebird Grove owned at least 52 commercial properties with 410 residential units in New York City with 367,275 square feet and a PincusCo-determined asset value of $340.3 million. The portfolio has $37 million in debt, with top three lenders as Derby Copeland Capital, Bank of America, and Signature Bank respectively. Within the portfolio, the bulk, or 54 percent of the 367,275 square feet of built space are walkup properties, with mixed-use properties next occupying 33 percent of the space. The bulk, or 51 percent of the built space, is in Brooklyn, with Manhattan next at 48 percent of the space.

The buyer

The PincusCo database currently indicates that Joseph Daskal owned at least one commercial property with two residential units in New York City with 2,886 square feet and a PincusCo-determined asset value of $4.4 million. The portfolio consists of at least a single B3 property.

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