Isaac Katz pays $8.4M to Gittie Klein for rental in Kensington

Isaac Katz through the entity 629 Op LLC paid $8.4 million to Gittie Klein through the entity Gk Realty Associates LLC for the 65-unit rental (D1) at 629 Ocean Parkway in Kensington, Brooklyn.
The deal closed on September 3, 2021 and was recorded on September 22, 2021.
The property has 61,440 square feet of built space and 11,269 square feet of additional air rights for a total buildable of 72,704 square feet according to PincusCo analysis of city data. The sale price per built square foot is $136 and the price per buildable square foot is $115 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 Gittie Klein was Gittie Klein. The signatory for Isaac Katz was Isaac Katz.

The former owners according to the Department of Housing Preservation and Development included Gittie Klein, head officer and Gary Klein, officer. The business entity was C. Koenig Irrevocable Trust.

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