Juda Lefkowitz signs for $16.8M purchase of industrial in Mariners Harbor

The entity Benei Chayil Properties LLC with signatory Juda Lefkowitz, paid $16.8 million to NetCost Market through the entity 175 Lake Avenue Realty, LLC for the industrial building (E1) at 175 Lake Avenue in Mariners Harbor, Staten Island. The location has been used to process fish and other food products.
The deal closed on March 20, 2025 and was recorded on April 25, 2025. The property has 51,816 square feet of built space and 139,123 square feet of additional air rights for a total buildable of 190,580 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $323 and the price per buildable square foot is $87 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 10, 2016, for $4 million. The signatory for NetCost Market was Eduard Shnayder. The signatory for Juda Lefkowitz was Juda Lefkowitz. The contract date was December 20, 2024. According to a 2018 charging document, “Royal Seafood is a New York corporation operating a seafood processing facility at 175 Lake Avenue, Staten Island… Eduard Shnayder is Royal Seafood’s Chief Executive Officer, a majority co-owner of Royal Seafood, and a co-owner of Euroline… Royal Seafood’s business offices are located at 1601 Gravesend Neck Road, Suite 15, Brooklyn, New York, 11229”

Prior sales and revenue

Prior to this transaction, PincusCo has no record that the buyer Juda Lefkowitz had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller NetCost Market had not purchased any other properties and had not sold any properties over the same time period. The 51,816-square-foot property generated revenue of $994,867 or $19 per square foot, according to the most recent income and expense figures.

The property

The industrial building in Mariners Harbor has 51,816 square feet of built space and 139,123 square feet of additional air rights for a total buildable of 190,580 square feet according to a PincusCo analysis of city data. The parcel has frontage of 224 feet and is 408 feet deep with a total lot size of 95,290 square feet. The lot is irregular. The zoning is M3-1 which allows for up to 2 times floor area ratio (FAR) for manufacturing The city-designated market value for the property in 2022 is $3.5 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 not received any significant violations 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

There are no active new building construction projects on this tax block.

The majority, or 95 percent of the 335,143 square feet of built space are industrial buildings, with office buildings next occupying 5 percent of the space.

The buyer

The PincusCo database currently indicates that Juda Lefkowitz owned at least one commercial property with 42 residential units in New York City with 2,630 square feet and a city-determined market value of $392,000. (Market value is typically about 50% of actual value.) The portfolio has $16.5 million in debt, borrowed from Dime Community Bank. The portfolio consists of at least a single specialty property. It is located in Brooklyn.

Direct link to Acris document. link