Greenbrook Partners pays $4M to Jack Rothstein for mixed-use building in Crown Heights

Greenbrook Partners through the entity 1130-6 President St, LLC paid $4.0 million to Jack Rothstein through the entity President Street Apts. LLC for six-unit mixed-use building (S9) at 241 Rogers Avenue in Crown Heights, Brooklyn.
The deal closed on August 4, 2021 and was recorded on August 19, 2021.
The property has 8,337 square feet of built space and 0 square feet of additional air rights for a total buildable of 6,752 square feet according to PincusCo analysis of city data. The sale price per built square foot is $479 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 Jack Rothstein was Jack Rothstein. The signatory for Greenbrook Partners was Gregory Fournier.

Within a 400-foot radius of 241 Rogers Avenue, PincusCo identified three commercial real estate items of interests occurred over the past 24 months.
Of those three items, one was in new building development. It was a new building permit issued on November 14, 2019 for a 97,862-square-foot R-2 building with 60 residential units at 1089 President Street.
One of those three items was a sale which Samas 1103 Carroll Holdings LLC bought the 11,455-square-foot, eight-unit rental (C1) on 1103 Carroll Street for $5.2 million from Isaac Abraham on December 2, 2019.
One of those three items was a loan which BFC Partners borrowed $8.4 million from New York City Housing Development Corporation secured by the 116,900-square-foot, 355-unit rental (D3) on 1101 President Street and two other properties on February 4, 2021.

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