Joel Braver pays $23.4M for three rental buildings in Bedford-Stuyvesant

Joel Braver through the entity Bedford Star LLC paid $23.4 million to Richard A. Kaplin through the entity 97 Prospect LLC for 18-unit rental (D3) at 908 Bedford Avenue in Bedford-Stuyvesant, Brooklyn, 18-unit rental (D3) at 904 Bedford Avenue in Bedford-Stuyvesant, Brooklyn, and 18-unit rental (D3) at 902 Bedford Avenue in Bedford-Stuyvesant, Brooklyn.
The deal closed on June 14, 2021 and was recorded on July 8, 2021.
The three properties have 65,000 square feet of built space and 0 square feet of additional air rights for a total buildable of 40,000 square feet according to PincusCo analysis of city data. The sale price per built square foot is $359 per the PincusCo analysis.
The signatory for Richard A. Kaplin was Richard A. Kaplin. The signatory for Joel Braver was Joel Braver.
(301374536) Plans for a 8-unit, 0 square-foot J-2 were filed on July 9, 2002 and were permitted on April 2, 2003.
The contract date was January 15, 2021. The borrowers were Joel Braver, Yoel Jacobowitz and Bernard Jacobowitz.
The sellers according to the Department of Housing Preservation and Development includes Zipporah Goldstein, head officer and Guillermo Diaz, site manager. The business entity was 97 Prospect Llc.
Within a 400-foot radius of 902 Bedford Avenue, PincusCo identified three commercial real estate items of interests occurred over the past 24 months.
Of those three items, one was in new building development. It was a new building permit application filed on May 12, 2020 for a 38,308-square-foot B building residential units at 159 Spencer St.
Of those three items, one was for major renovation including a certificate of occupancy change. It was an initial temporary certificate of occupancy issued on June 10, 2020 for the $1.0 million renovation of 22,754-square-foot B building with N/A residential units at 926 Bedford Avenue.
One of those three items was a loan which Isaac Herskovitz borrowed $10.6 million from Spencer Savings Bank, Sla secured by the 25,707-square-foot, one-unit industrial (I9) on 926 Bedford Avenue on December 7, 2020.

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