Greenbrook Partners pays $7.6M to Idan Aviav for two rentals in Bushwick

Greenbrook Partners paid $7.6 million to Idan Aviav for two rental buildings in Bushwick in two separate transactions.

In the first, Greenbrook Partners through the entity Greenbrook THR Owner II, L.L.C., paid Idan Aviav’s 307 Cornelia Holdings LLC $3.8 million for 307 Cornelia Street in Bushwick. The deal closed on March 31, 2021 and was recorded on April 9, 2021. The transaction consists of 1 parcel, including the tax class multifamily, five to six families (C2) and containing 6 residential units. The property is 4,724 square feet. The parcel(s) have total development potential of 4,724 square feet.
The average sale price per square foot is $803.

The last time the property sold was January 21, 2020 for $3,200,000.
Over the past five years, there have been 3 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. Of those there was one major renovation application including a certificate of occupancy change (A1) filed with a total estimated value of $610,290.0. Those filings sought to increase the number of residential units by 3 to 6 There were 2 renovation/alteration projects (A2) applied for with a total estimated value of $116,500.

Direct link to Acris document. link

In the second, Greenbrook Partners through the entity Greenbrook THR Owner II, L.L.C. paid Idan Aviav’s 1270 Hancock Holdings LLC $3.8 million for 1270 Hancock Street in Bushwick. The deal closed on March 31, 2021 and was recorded on April 9, 2021. The transaction consists of 1 parcel, including the tax class multifamily, five to six families (C2) and containing 6 residential units. The property is 4,246 square feet. The parcel(s) have total development potential of 4,246 square feet.
The average sale price per square foot is $884.

The last time the property sold was December 20, 2019 for $3,200,000.
Over the past five years, there have been 3 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. Of those there was one major renovation application including a certificate of occupancy change (A1) filed with a total estimated value of $625,160.0. Those filings sought to increase the number of residential units by 3 to 6 There were 2 renovation/alteration projects (A2) applied for with a total estimated value of $130,675.

Direct link to Acris document. link