Grocer pays $18M to Allied Properties for bankrupt mixed-use building in Bensonhurst

Grocer Odiljon Tursunov through the entity 1769 Brooklyn LLC paid $18 million to Allied Properties through the entity 1769 LLC for the mixed-use building (K2) at 1769 86th Street in Bensonhurst, Brooklyn.
The deal closed on April 9, 2021 and was recorded on April 26, 2021.
The buyer Odiljon Tursunov owns the grocery Tashkent Supermarket, the Commercial Observer reported. This is a sale of an asset that was placed in bankruptcy by Efthimios Zisimopoulos, who is also known as Tim Ziss, in October 2020. The brokerage fee for the sale was reported in related bankruptcy documents to be $320,000 paid to the firm Lee & Associates NYC. The broker was Mark Kapnick of Lee & Associates, the Commercial Observer reported. The lender prior to the bankruptcy filing was Bridge Investment Group, which according to the sale transfer documents, was paid just over $11 million.
The property has 33,600 square feet of built space according to PincusCo analysis of city data. The sale price per built square foot is $535 per the PincusCo analysis.
The owner bought the property on 7-Aug-17, for $10.7 million.
The signatory for Allied Properties was Efthimios Zisimopoulos, or Tim Ziss. The signatory for Odiljon Tursunov was Igor Vaysberg.
Over the past five years, there have been 4 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 $55,000. There were 3 renovation/alteration projects (A2) applied for with a total estimated value of $479,721. (321983154) One of the projects were to change the building from a COM to a M.