Gabriel Nussbaum pays $6.2M for mixed-use building in Brooklyn Heights

Gabriel Nussbaum through the entity Fenja LLC paid $6.2 million to Howard M. Schneider through the entity Schneider, Howard M for mixed-use building at 159 Clinton Street in Brooklyn Heights, Brooklyn.
The deal closed on February 9, 2022 and was recorded on February 16, 2022.
The property has 3,780 square feet of built space and 453 square feet of additional air rights for a total buildable of 4,235 square feet according to PincusCo analysis of city data. The sale price per built square foot is $1,652 and the price per buildable square foot is $1,474 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 Howard M. Schneider was Howard M. Schneider. The signatory for Gabriel Nussbaum was Gabriel Nussbaum.

In Brooklyn Heights, the bulk, or 38 percent of the 21.1 million square feet of built space are residential elevator buildings, with office buildings next occupying 15 percent of the space. In sales, Brooklyn Heights has had very little sales volume relative to other neighborhoods with $228.8 million in sales volume in the last two years. For development, Brooklyn Heights has had very little major development activity relative to other neighborhoods.It had 261,202 square feet of commercial and multi-family construction under development in the last two years, which represents 1 percent of the neighborhood’s built space.
On the tax block, the majority, or 48 percent of the 300,281 square feet of built space are specialty buildings, with 1-4 family buildings next occupying 33 percent of the space.
Within a 400-foot radius of 159 Clinton Street, PincusCo identified three commercial real estate items of interests occurred over the past 24 months.
Of those three items, two were for major renovation including a certificate of occupancy change. They were one permit applications with a total initial cost of $1.2 million and one initial temporary certificate of occupancy issuance for a project that initially costed $662,000. The most recent of these two items was the filing on October 7, 2021 for a 6,352-square-foot R-2 building with four residential units at 175 Clinton Street.
One of those three items was a sale which Leigh Penner bought the 4,670-square-foot, two-unit two-family building (B3) on 47 Sidney Place for $10.4 million from Matthew Luckett on July 7, 2021.

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