Habitat Living NYC pays $3.2M for 6-unit walkup in Clinton Hill

Habitat Living NYC through the entity Habitat On Grand LLC paid $3.2 million to Eugene Olton for the six-unit residential walkup building (C5) at 421 Grand Avenue in Clinton Hill, Brooklyn. The expected use is redevelopment into a five-unit residential condominium building.
The deal closed on December 29, 2025 and was recorded on January 2, 2026. The property has 3,540 square feet of built space and 1,240 square feet of additional air rights for a total buildable of 4,770 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $903 and the price per buildable square foot is $670 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 seller bought the property on February 1, 2024, for $341,750. The signatory for Eugene Olton was Eugene Olton and Ricardo Olton. The signatory for Habitat Living NYC was Elliot Steinmetz . The contract date was September 17, 2025.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has no record that the buyer Habitat Living NYC had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Eugene Olton 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 Eugene Olton, head officer and Natalie Olton, officer.

The property

The residential walkup building with 6 residential units in Clinton Hill has 3,540 square feet of built space and 1,240 square feet of additional air rights for a total buildable of 4,770 square feet according to a PincusCo analysis of city data. The parcel has frontage of 23 feet and is 101 feet deep with a total lot size of 2,385 square feet. The zoning is R6B which allows for up to 2 times floor area ratio (FAR) for residential with inclusionary housing. The property is in the Clinton Hill Historic District. The city-designated market value for the property in 2022 is $1.4 million.

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 one DOB violation 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 eight of the 16 commercial properties representing 145,958 square feet of the 179,407 square feet. The largest owner is Delshah Capital, followed by Saint Bernatius Llc and then George Marray.
There are no active new building construction projects on this tax block.

The majority, or 98 percent of the 179,407 square feet of built space are walkup buildings, with mixed-use buildings next occupying 2 percent of the space.

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