Gabriel Adiv pays $3M for mixed-use in Fort Greene

Gabriel Adiv through the entity Bone Development LLC paid $3 million through an estate sale for the two-unit mixed-use building (S2) at 320 Myrtle Avenue in Fort Greene, Brooklyn.
The deal closed on February 11, 2026 and was recorded on February 20, 2026. The property has 3,733 square feet of built space and 2,141 square feet of additional air rights for a total buildable of 5,868 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $803 and the price per buildable square foot is $511 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 signatories for the seller were Maria Harmel and Vincent G. Monaco. The signatory for Gabriel Adiv was Gabriel Adiv. The contract date was May 22, 2025.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has no record that the buyer Gabriel Adiv had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Maria Harmel had not purchased any other properties and had not sold any properties over the same time period.

The property

The mixed-use building with 2 residential units in Fort Greene has 3,733 square feet of built space and 2,141 square feet of additional air rights for a total buildable of 5,868 square feet according to a PincusCo analysis of city data. The parcel has frontage of 26 feet and is 85 feet deep with a total lot size of 1,467 square feet. The lot is irregular. 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 $2.9 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 $4,540 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 neighborhood

In Fort Greene, The bulk, or 34 percent of the 12.5 million square feet of commercial built space are elevator buildings, with specialty buildings next occupying 23 percent of the space. In sales, Fort Greene has 2.7 times the average sales volume among other neighborhoods with $845.4 million in sales volume in the last two years and is the 5th highest in Brooklyn. For development, Fort Greene has had very little major development activity relative to other neighborhoods.It had 704,394 square feet of commercial and multi-family construction under development in the last two years, which represents 6 percent of the neighborhood’s built space.

The block

On this tax block, PincusCo has identified the owners of six of the 16 commercial properties representing 25,793 square feet of the 93,078 square feet. The largest owner is Lawrence Chan, followed by Lynn Van Lith and then James Campbell.
On the tax block, there was one new building construction project filed totaling 8,355 square feet. It is a one-unit, 8,355 square-foot residential (R-3) building submitted by Rawad Halloway with plans filed November 13, 2020 and permitted April 25, 2025.

The majority, or 34 percent of the 93,078 square feet of built space are industrial buildings, with mixed-use buildings next occupying 33 percent of the space.

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