Greenbrook Partners pays $3.5M to Phillip Miller for rental in Bushwick

Greenbrook Partners through the entity Greenbrook THR Owner II, L.L.C. paid $3.5 million to Phillip Miller through the entity Locust Residence LLC for the five-unit rental (C2) at 17 Locust Street in Bushwick, Brooklyn.
The deal closed on October 28, 2021 and was recorded on November 9, 2021.
The property has 4,125 square feet of built space according to PincusCo analysis of city data. The sale price per built square foot is $842 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 22, 2016, for $1.8 million.
The signatory for Phillip Miller was Phillip Miller.
Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000.
The former owner according to the Department of Housing Preservation and Development is Phillip Miller, head officer. The business entity was Locust Residence LLC.

Within a 400-foot radius of 17 Locust Street, PincusCo identified two commercial real estate items of interests occurred over the past 24 months.
Of those two items, one was for major renovation including a certificate of occupancy change. It was a permit application filed on March 24, 2021 for the $301,680 renovation of 4,450-square-foot A-2 building with two residential units at 29 Locust Street.
One of those two items was a loan which John T. Stabler borrowed $10 million from G4 Capital Partners secured by the 43,000-square-foot, 17-unit rental (D2) on 81 Beaver Street on February 11, 2021.

Direct link to Acris document. link