KKR pays $15.7M to Bruman Realty for property in Bushwick

Kohlberg Kravis Roberts & Co. through the entity Kre Bklyner 412 Evergreen LLC paid Bruman Realty’s Evergreen Street Realty LLC $15.7 million for 412 Evergreen Avenue in Bushwick. The deal closed on October 9, 2020, and was recorded on October 26, 2020. The transaction consists of 1 parcel, including the tax class fireproof warehouse (E1) and containing 21 residential units. The property is 25,268 square feet. The parcel(s) have total development potential of 25,268 square feet.
The sale price per unit is $747,619.

This is the fourth property record of a sale by Bruman to KKR in a week. The prior three buildings totaled $89.8 million. The contract date was July 21, 2020. The last time the property sold was January 7, 2016, for $4,500,000.
The DOB issued a new construction (NB) initial temporary certificate of occupancy for the building with 21 residential units on May 21, 2019.
Over the past five years, there have been 3 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There was one renovation/alteration project (A2) applied for with a total estimated value of $100,000.There has been one new building permit application totaling 19,171 square feet. Those plans include a total of 21 residential units. There has been one demolition project filed for the parcels over the past five years.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link
The signatory for the buyer or lender was Daniel Rudin