Israel Gold pays $2.5M to Flatiron Realty Capital for 8-unit walkup in Flatbush

Israel Gold through the entity Ave D Group LLC paid $2.5 million through a real estate owned sale to Flatiron Realty Capital through the entity SSA REO Assets 14, LLC for the eight-unit residential walkup building (C1) at 2303 Avenue D in Flatbush, Brooklyn. The expected use is cash flowing.
The deal closed on February 18, 2026 and was recorded on March 26, 2026. The property has 9,072 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $270 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 May 30, 2025, for $1.5 million. The signatory for Flatiron Realty Capital was Robert Talasazan . The signatory for Israel Gold was Israel Gold. The contract date was December 1, 2025.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has no record that the buyer Israel Gold had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Flatiron Realty Capital had not purchased any other properties and had not sold any properties over the same time period. The former owners according to the Department of Housing Preservation and Development includes Dorothy Black, individual owner and Lesmore Willis, site manager.

The property

The residential walkup building with 8 residential units in Flatbush has 9,072 square feet of built space according to a PincusCo analysis of city data. The parcel has frontage of 46 feet and is 59 feet deep with a total lot size of 2,790 square feet. The lot is irregular. The zoning is R6A which allows for up to 3 times floor area ratio (FAR) for residential with inclusionary housing. The city-designated market value for the property in 2022 is $1.6 million.

Violations and lawsuits

The property was involved in zero lawsuits and one bankruptcy over the past two years. The bankruptcy was filed on May 2, 2024, by Dorothy Black citing assets of $1.5 million. In addition, according to city public data, the property has received one DOB violation and $19,090 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 eight of the 11 commercial properties representing 144,453 square feet of the 195,878 square feet. The largest owner is Chaim Wurzberger, followed by Steven Neuman and then Dorothy Black.
There are no active new building construction projects on this tax block.

The majority, or 67 percent of the 195,878 square feet of built space are walkup buildings, with elevator buildings next occupying 19 percent of the space.

The buyer

The PincusCo database currently indicates that Israel Gold owned at least six commercial properties with 78 residential units in New York City with 59,056 square feet and a city-determined market value of $7.9 million. (Market value is typically about 50% of actual value.) The portfolio has $5.1 million in debt, borrowed from Popular Bank. Within the portfolio, the bulk, or 72 percent of the 59,056 square feet of built space are walkup properties, with elevator properties next occupying 28 percent of the space. The bulk, or 72 percent of the built space, is in Brooklyn, with Bronx next at 28 percent of the space.

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