Greenbrook Partners pays $4.6M to LW Developers for rental in Bushwick

Greenbrook Partners through the entity Greenbrook Thr Owner II, L.L.C., paid $4.6 million to LW Developers through the entity Starr Thirty LLC for eight-unit rental (C1) at 30 Starr Street in Bushwick, Brooklyn.
The deal closed on July 2, 2021 and was recorded on July 26, 2021.
The property has 5,597 square feet of built space and 475 square feet of additional air rights for a total buildable of 6,075 square feet according to PincusCo analysis of city data. The sale price per built square foot is $813 and the price per buildable square foot is $749 per the PincusCo analysis.
The owner bought the property on 4-Sep-14, for $740,000.
The signatory for LW Developers was Lazar Waldman. The signatory for Greenbrook Partners was Fredric LeCao.
(320916292)The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building with 8 residential units on February 18, 2016.
Greenbrook bought three other rentals from LW Developers for $11 million in transfers recorded on July 21, 2021.
The former owners according to the Department of Housing Preservation and Development included Lazer Waldman, head officer and Jacob Landau, site manager. The business entity was Starr Thirty Llc.
Within a 400-foot radius of 30 Starr Street, PincusCo identified one commercial real estate item of interest that occurred over the past 24 months.
It was a loan in which MG Ador Realty Group borrowed $24.8 million from Cantor Commercial Real Estate Lending secured by the 4,500-square-foot, six-unit rental (C2) on 169 Troutman Street and six other properties on November 29, 2019.

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