Katarzyna Kowalski pays $2.4M for 5-unit walkup in Greenpoint
Katarzyna Kowalski through the entity 163 India LLC paid $2.4 million to the estate of Carmen Torres for the five-unit residential walkup building (C2) at 163 India Street in Greenpoint, Brooklyn.
The deal closed on July 18, 2023 and was recorded on August 14, 2023. The property has 3,525 square feet of built space and 1,474 square feet of additional air rights for a total buildable of 4,998 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $680 and the price per buildable square foot is $480 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.)
Prior sales and revenue
The former owners according to the Department of Housing Preservation and Development includes Betzaida Gonzalez, head officer and Betzaida Gonzale, agent. The business entity is Estate Of Carmen Torres.
The property
The parcel has frontage of 25 feet and is 100 feet deep with a total lot size of 2,499 square feet. The zoning is R6B which allows for up to 2 times floor area ratio (FAR) for residential with inclusionary housing. The city-designated market value for the property in 2022 is $1.2 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 three housing 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
On this tax block, PincusCo has identified the owners of 29 of the 37 commercial properties representing 192,163 square feet of the 221,144 square feet. The largest owner is Arturo Tituana, followed by Christopher Guzinski and then Waldemar Nachajski.
There are no active new building construction projects on this tax block.
The majority, or 67 percent of the 221,144 square feet of built space are walkup buildings, with elevator buildings next occupying 18 percent of the space.
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