Jalin Lachapelle pays $4.2M to Debra Cooper for 30-unit rental in Crown Heights

Jalin Lachapelle through the entity Breukelen One LLC paid $4.2 million to Debra Cooper through the entity Eiges Bros. LLC for the 30-unit residential elevator building (D1) at 1740 Carroll Street in Crown Heights, Brooklyn.
The deal closed on March 29, 2023 and was recorded on April 4, 2023. The property has 38,604 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $108 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 Debra Cooper was Debra Cooper. The signatory for Jalin Lachapelle was Stephen Siminou.

Prior sales and revenue

Prior to this transaction, PincusCo has no record that the buyer Jalin Lachapelle had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Debra Cooper 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 Debra Cooper, head officer and George Barry, site manager. The business entity is Eiges Bros, Llc. The 38,604-square-foot property generated revenue of $549,828 or $14 per square foot, according to the most recent income and expense figures.

The property

The residential elevator building with 30 residential units in Crown Heights has 38,604 square feet of built space according to a PincusCo analysis of city data. The parcel has frontage of 74 feet and is 115 feet deep with a total lot size of 8,510 square feet. The lot is irregular. The zoning is R7-1 which allows for up to 3.44 times floor area ratio (FAR) for residential. The city-designated market value for the property in 2022 is $2.2 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 received $150 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 five of the 15 commercial properties representing 264,763 square feet of the 288,496 square feet. The largest owner is Moshe Drizin, followed by Eric Miller and then Debra Cooper.
There are no active new building construction projects on this tax block.

The majority, or 92 percent of the 288,496 square feet of built space are elevator buildings, with mixed-use buildings next occupying 8 percent of the space.

The seller

The PincusCo database currently indicates that Debra Cooper owned at least one commercial property with 30 residential units in New York City with 38,604 square feet and a city-determined market value of None. (Market value is typically about 50% of actual value.) The portfolio consists of at least a single elevator property. It is located in Brooklyn.

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