Heir to long-owned Park Slope portfolio pays $7M to buy out family at 3 mixed-use buildings

Debra Cabbad through the entity 102-106 Fifth Ave LLC paid $7 million to members of the Cabbad family through the entity Cabbad Family LLC for the two-unit mixed-use buildings (S2) at 102, 104 and 106 5th Avenue, in Park Slope, Brooklyn.
The deal closed on December 16, 2025 and was recorded on December 30, 2025. The three properties have 8,700 square feet of built space and 20,618 square feet of additional air rights for a total buildable of 29,298 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $804 and the price per buildable square foot is $238 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 Cabbad Family was Michael Cabbad . The signatory for Debra Cabbad was Debra Cabbad. The contract date was December 16, 2025. Debra Cabbad sued her brothers in 2021 alleging mismanagement, under index number 519231/2021. Their late father Albert Cabbad amassed a portfolio of mixed-use buildings on 5th Avenue in Park Slope Brooklyn.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has no record that the buyer Debra Cabbad had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Cabbad Family had not purchased any other properties and had not sold any properties over the same time period.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the properties for the past 24 months. In addition, according to city public data, the properties have received $50 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 neighborhood

In Park Slope, The bulk, or 36 percent of the 9.8 million square feet of commercial built space are walkup buildings, with mixed-use buildings next occupying 26 percent of the space. In sales, Park Slope has 2.7 times the average sales volume among other neighborhoods with $818.6 million in sales volume in the last two years and is the 6th highest in Brooklyn. For development, Park Slope has had very little major development activity relative to other neighborhoods.It had 1.1 million square feet of commercial and multi-family construction under development in the last two years, which represents 11 percent of the neighborhood’s built space. There was one pre-foreclosure suit filed among other mixed-use buildings in the past 12 months.

The block

On the tax block of 102 5th Avenue, PincusCo has identified the owners of two of the 15 commercial properties representing 7,024 square feet of the 34,974 square feet. The two identified owners are Goldmont Realty and Kevin Wey.
On the tax block, there were three new building construction projects totaling 19,917 square feet. The largest is a 11-unit, 12,000 square-foot residential (R-2) building submitted by Jason Rivera and filed by Jason Rivera with plans filed May 10, 2023 and it has not been permitted yet. The second largest is a four-unit, 3,988 square-foot residential (R-2) building submitted by Eran Malka and filed by Eran Malka with plans filed December 4, 2024 and permitted August 22, 2025.

The majority, or 56 percent of the 34,974 square feet of built space are mixed-use buildings, with walkup buildings next occupying 44 percent of the space.

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