Fred Guindi pays $2.6M to Venn for 6-unit walkup in Bushwick

Fred Guindi through the entity 1062 Halsey Street LLC paid $2.6 million to the one-time co-living company Venn through the entity Venn Halsey Holdings LLC for the six-unit residential walkup building (C2) at 1062 Halsey Street in Bushwick, Brooklyn. The expected use is cash flowing. This is the last of the properties that Venn, which is a software company, owned during an earlier version of the company when it owned real estate assets.
The deal closed on March 13, 2026 and was recorded on March 18, 2026. The property has 4,284 square feet of built space and 448 square feet of additional air rights for a total buildable of 4,738 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $618 and the price per buildable square foot is $559 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 November 29, 2018, for $2.9 million. The signatory for Venn was Idan Ariav . The signatory for Fred Guindi was Fred Guindi. The contract date was December 23, 2025.

Venn is a property management software company now, but when it purchased this in 2018, it was a co-living investment company, which bought several properties.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has no record that the buyer Fred Guindi had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Venn 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 Yonatan Binman, head officer and Nadav Gershon, site manager. The business entity is Venn Halsey Holdings Llc. The 4,284-square-foot property generated revenue of $87,265 or $20 per square foot, according to the most recent income and expense figures.

The property

The residential walkup building with 6 residential units in Bushwick has 4,284 square feet of built space and 448 square feet of additional air rights for a total buildable of 4,738 square feet according to a PincusCo analysis of city data. The parcel has frontage of 19 feet and is 100 feet deep with a total lot size of 1,950 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 $1 million.

Transaction Participants

Jack Aini at Aini & Associates PLLC 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 received $2,425 in OATH penalties in the last year.

Development

For the tax lot building, it received its initial certificate of occupancy on May 17, 2018. 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 two of the five commercial properties representing 16,254 square feet of the 23,980 square feet. The two identified owners are Pennrose and Israel Frankel.
On the tax block, there was one new building construction project filed totaling 1,000 square feet. It is a six-unit, 1,000 square-foot residential (R-2) building submitted by Citiscape Consulting with plans filed December 12, 2025 and it has not been permitted yet.

The majority, or 86 percent of the 23,980 square feet of built space are walkup buildings, with mixed-use buildings next occupying 14 percent of the space.

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