HawksBay Group pays $5.4M to Greenbrook Partners for 9-unit walkup in Brooklyn Heights

HawksBay Group through the entity HB NYRF 1 Property Owner 2, LLC paid $5.4 million to Greenbrook Partners through the entity 32 Pierrepont St, LLC for the nine-unit residential walkup building (C1) at 32 Pierrepont Street in Brooklyn Heights, Brooklyn. The expected use is cash flowing.
The deal closed on August 27, 2025 and was recorded on September 11, 2025. The property has 6,310 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $855 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 March 16, 2022, for $4.2 million. The signatory for Greenbrook Partners was Greg Fournier . The signatory for HawksBay Group was Imran Ahmed. The contract date was July 16, 2025.

Derby Copeland Capital provided a $4.1 million acquisition loan.

Prior sales and revenue

Prior to this transaction, PincusCo has no record that the buyer HawksBay Group had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Greenbrook Partners purchased 80 properties in 77 transactions for a total of $325.8 million and sold 23 properties in 23 transactions for a total of $136.9 million over the same time period. The former owners according to the Department of Housing Preservation and Development includes Prashanth Rayapudi, head officer and Keqi Wei, site manager. The business entity is 32 Pierrepont St Llc.

The property

The residential walkup building with 9 residential units in Brooklyn Heights has 6,310 square feet of built space according to a PincusCo analysis of city data. The parcel has frontage of 20 feet and is 100 feet deep with a total lot size of 2,000 square feet. The zoning is R6 which allows for up to 2.43 times floor area ratio (FAR) for residential. The property is in the Brooklyn Heights Historic District. The city-designated market value for the property in 2022 is $2.4 million. The property has 9 rent regulated units according to city tax records from 2022.

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, one housing violation, and $350 in OATH penalties 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 five of the five commercial properties representing 71,821 square feet of the 71,821 square feet. The largest owner is Teresa Viola, followed by Fine Times Incorporated and then Laquasia Thomas.
There are no active new building construction projects on this tax block.

The majority, or 70 percent of the 71,821 square feet of built space are elevator buildings, with walkup buildings next occupying 30 percent of the space.

The seller

The PincusCo database currently indicates that Greenbrook Partners owned at least 342 commercial properties with 1,677 residential units in New York City with 1,521,723 square feet and a city-determined market value of $509.9 million. (Market value is typically about 50% of actual value.) The portfolio has $358 million in debt, with top three lenders as Invesco Real Estate, Rialto Capital Management, and MP Real Estate Capital respectively. Within the portfolio, the bulk, or 47 percent of the 1,521,723 square feet of built space are walkup properties, with C0 properties next occupying 13 percent of the space. The bulk, or 96 percent of the built space, is in Brooklyn, with Queens next at 4 percent of the space.

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