Joel Gross pays $6.2M to Carol Katzburg for new mixed-use building in Kensington

Joel Gross through the entity 42nd Realty NY LLC paid $6.2 million to Carol Katzburg through the entity 1225 42nd Street LLC for seven-unit mixed-use building (S5) at 1225 42nd Street in Kensington, Brooklyn.
The deal closed on June 24, 2021 and was recorded on July 2, 2021.
The property has 7,861 square feet of built space and 0 square feet of additional air rights for a total buildable of 7,302 square feet according to PincusCo analysis of city data. The sale price per built square foot is $788 per the PincusCo analysis.

The signatory for Carol Katzburg was Carol Katzburg. The signatory for Joel Gross was Joel Gross.
(321276542)The DOB issued a new construction (NB) initial temporary certificate of occupancy for the building with 7 residential units on April 21, 2021.
The contract date was August 1, 2020.
Within a 400-foot radius of 1225 42nd Street, Pincusco identified one commercial real estate item of interests occurred over the past 24 months.
It was an initial temporary certificate of occupancy issued on March 20, 2020 for the $487,000 renovation of a building with two residential units at 4218 12th Avenue.

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