Habitat Living NYC pays $2.5M for 8-unit townhouse in Crown Heights

Habitat Living NYC through the entity Habitat On Prospect LLC paid $2.5 million to Myrtho Ferdinand through the entity 447 Prospect Street LLC for the eight-unit property at 447 Prospect Place in Crown Heights, Brooklyn. The expected use is cash flowing.
The deal closed on April 30, 2026 and was recorded on May 12, 2026. The property has 8,884 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $281 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 Myrtho Ferdinand was Myrtho Ferdinand. The signatory for Habitat Living NYC was Elliot Steinmetz . The contract date was March 26, 2026.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has records that the buyer Habitat Living NYC purchased two properties in two transactions for a total of $8.4 million and has no record it sold any properties over the past 24 months.
The seller Myrtho Ferdinand had not purchased any other properties and had not sold any properties over the same time period. The former owners according to the Department of Housing Preservation and Development includes Flore Ferdinand, joint owner and Joseph Ferdinand, joint owner.

The property

The property with 8 residential units in Crown Heights has 8,884 square feet of built space according to a PincusCo analysis of city data. The parcel has a total lot size of 8,884 square feet. The city-designated market value for the property in 2022 is $3.3 million.

Transaction Participants

Izidor Mikhli participated in the transaction on behalf of the buyer.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the property for the past 24 months. In addition, according to city public data, the property has received 22 housing violations in the last year.

Development

There are no active new building construction projects or major alteration projects with initial costs more than $1 million on this tax lot.

The block

On this tax block, PincusCo has identified the owners of 26 of the 33 commercial properties representing 198,659 square feet of the 238,106 square feet. The largest owner is Brooklyn Neighborhood Improvement Association, followed by Joseph Goldberger and then Black Veterans For Social Justice.
On the tax block, there was one new building construction project filed totaling 19,811 square feet. It is a 19-unit, 19,811 square-foot residential (R-2) building submitted by Steven Hurwitz with plans filed April 15, 2022 and permitted August 23, 2023.

The majority, or 86 percent of the 238,106 square feet of built space are walkup buildings, with elevator buildings next occupying 11 percent of the space.

The buyer

The PincusCo database currently indicates that Habitat Living Nyc owned at least two commercial properties with six residential units in New York City with 8,775 square feet and a PincusCo-determined asset value of $18.3 million. Within the portfolio, the bulk, or 59 percent of the 8,775 square feet of built space are industrial properties, with walkup properties next occupying 40 percent of the space.

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