Investors pay $4M for 4-family in Greenpoint

A group of investors through the entity Kayecalyer LLC paid $4 million for the four-unit building (C3) at 132 Calyer Street in Greenpoint, Brooklyn. The expected use is cash flowing.
The deal closed on May 29, 2025 and was recorded on June 13, 2025. The property has 5,625 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $711 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 Peter Shervanick was Peter T. Shervanick . The signatories for the buyer entity were Jenna Kaye-Kauderer, Scott Steinberg, Alec Feuerbach, and Halley Kaye-Kauderer. The contract date was February 12, 2025.

Prior sales and revenue

Prior to this transaction, PincusCo has no record that the buyer Jenna Kaye-Kauderer had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Peter Shervanick had not purchased any other properties and had not sold any properties over the same time period. The former owner according to the Department of Housing Preservation and Development is Peter Shervanick, individual owner. The 5,625-square-foot property generated revenue of $159,975 or $28 per square foot, according to the most recent income and expense figures.

The property

The 1-4 family building with 4 residential units in Greenpoint has 5,625 square feet of built space according to a PincusCo analysis of city data. The parcel has frontage of 25 feet and is 100 feet deep with a total lot size of 2,500 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 Greenpoint Historic District. The city-designated market value for the property in 2022 is $3.2 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 not received any significant 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 10 of the 11 commercial properties representing 72,800 square feet of the 82,800 square feet. The largest owner is Davean Holdings, followed by Jerry Lebedowicz and then John J. Szczech.
There are no active new building construction projects on this tax block.

The majority, or 88 percent of the 82,800 square feet of built space are walkup buildings, with industrial buildings next occupying 12 percent of the space.

The buyer

The PincusCo database currently indicates that Jenna Kaye-Kauderer owned at least one commercial property with four residential units in New York City with 5,625 square feet and a city-determined market value of $2.3 million. (Market value is typically about 50% of actual value.) The portfolio consists of at least a single C3 property. It is located in Brooklyn.
The PincusCo database currently indicates that Scott Steinberg owned at least one commercial property with four residential units in New York City with 5,625 square feet and a city-determined market value of $2.3 million. (Market value is typically about 50% of actual value.) The portfolio consists of at least a single C3 property. It is located in Brooklyn.
The PincusCo database currently indicates that Alec Feuerbach owned at least one commercial property with four residential units in New York City with 5,625 square feet and a city-determined market value of $2.3 million. (Market value is typically about 50% of actual value.) The portfolio consists of at least a single C3 property. It is located in Brooklyn.
The PincusCo database currently indicates that Halley Kaye-Kauderer owned at least one commercial property with four residential units in New York City with 5,625 square feet and a city-determined market value of $2.3 million. (Market value is typically about 50% of actual value.) The portfolio consists of at least a single C3 property. It is located in Brooklyn.

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