Jane Capital pays $4.1M for 7-unit walkup in Bushwick

Jane Capital through the entity 247 Starr LLC paid $4.1 million to Todor Sfera through the entity 247 Starr Street, Inc for the seven-unit residential walkup building (C7) at 247 Starr Street in Bushwick, Brooklyn. The expected use is cash flowing.
The deal closed on June 2, 2026 and was recorded on June 25, 2026. The property has 7,500 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $546 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 August 9, 2005, for $700,000. The signatory for Todor Sfera was Todor Sfera. The signatory for Jane Capital was Laurent Wendum . The contract date was April 6, 2026.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has records that the buyer Jane Capital purchased one property in one transaction for a total of $2.8 million and has no record it sold any properties over the past 24 months.
The seller Todor Sfera 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 Todor Sfera, head officer. The business entity is 247 Starr St Inc. The 7,500-square-foot property generated revenue of $156,150 or $21 per square foot, according to the most recent income and expense figures.

The property

The residential walkup building with 7 residential units in Bushwick has 7,500 square feet of built space according to a PincusCo analysis of city data. The parcel has frontage of 25 feet and is 91 feet deep with a total lot size of 2,277 square feet. The lot is irregular. The zoning is M1-1 which allows for up to 1 times floor area ratio (FAR) for manufacturing The city-designated market value for the property in 2022 is $818,000. The property has 6 rent regulated units according to city tax records from 2024.

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 one DOB violation, 17 housing violations, and $1,055 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 four of the 25 commercial properties representing 32,377 square feet of the 176,370 square feet. The largest owner is Shulem Herman , followed by Paul W. Henry and then RiseBoro Community Partnership .
On the tax block, there was one new building construction project filed totaling 2,499 square feet. It is a 2,499 square-foot business (B) building submitted by Bert Brodsky with plans filed January 26, 2017 and it has not been permitted yet.

The majority, or 35 percent of the 176,370 square feet of built space are industrial buildings, with walkup buildings next occupying 33 percent of the space.

The seller

The PincusCo database currently indicates that Todor Sfera owned at least one commercial property with six residential units in New York City with 5,600 square feet and a PincusCo-determined asset value of $1.6 million. The portfolio consists of at least a single walkup property.

The buyer

The PincusCo database currently indicates that Jane Capital owned at least four commercial properties with 33 residential units in New York City with 31,497 square feet and a PincusCo-determined asset value of $11.7 million. Within the portfolio, all identified are walkup properties. The bulk, or 74 percent of the built space, is in Brooklyn, with Queens next at 25 percent of the space.

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