Isaac Chetrit pays $15.5M to Seymour Israel for retail in Sheepshead Bay

Isaac Chetrit, of AB & Sons, through the entity ABS 2870 LLC paid Seymour Israel’s HSPR Associates, LLC $15.5 million for 2870 Ocean Avenue in Sheepshead Bay. The deal closed on August 28, 2020, and was recorded on September 1, 2020. The transaction consists of 1 parcel, including the tax class one-story store building (K1). The property is 22,714 square feet. The parcel(s) have total development potential of 150,384 square feet.
The average sale price per square foot is $103.

Isaac Chetrit and Michael Mishal each own 50 percent, according to a PincusCo analysis of the document. The contract date was August 28, 2020, the same as the closing date.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link
The signatory for the buyer or lender was Isaac Chetrit