Lev Wolkowicki signs $6.1M loan with Ace Capital for 60-unit rental in Flushing

Lev Wolkowicki through the entity Sanford Realty Management LLC as borrower signed a acquisition loan with lender Ace Capital Lending valued at $6.1 million for the 80-unit residential elevator building (D1) at 143-30 Sanford Avenue in Flushing, Queens.
The deal closed on February 10, 2026 and was recorded on February 24, 2026. The prior lender was Hirshmark Capital which held debt that had an original loan amount of $8.8 million.The property has 59,231 square feet of built space and 6,820 square feet of additional air rights for a total buildable of 66,000 square feet according to a PincusCo analysis of city data. The loan price per built square foot is $102 and the price per buildable square foot is $92 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 owner bought the property on January 14, 2025, for $3.1 million. The signatory for Lev Wolkowicki was Lev Wolkowicki. The signatory for Ace Capital Lending was Siamak Darouvar .

Prior sales, articles and revenue

The owners according to the Department of Housing Preservation and Development includes Lev Wolkowicki, head officer and Gladys Best, agent. The business entities are Sanford Realty Management Llc and Sanford Realty Management Llc. The 59,231-square-foot property generated revenue of $1 million or $17 per square foot, according to the most recent income and expense figures.

The property

The residential elevator building with 80 residential units in Flushing has 59,231 square feet of built space and 6,820 square feet of additional air rights for a total buildable of 66,000 square feet according to a PincusCo analysis of city data. The parcel has frontage of 150 feet and is 141 feet deep with a total lot size of 22,000 square feet. The lot is irregular. The zoning is R6A which allows for up to 3 times floor area ratio (FAR) for residential with inclusionary housing. The city-designated market value for the property in 2022 is $3.2 million. Ace Capital Lending on February 10, 2026 bought a loan with an original principal of $8.8M from Hirshmark Capital signed by Doris Shen , secured by 143-30 Sanford Avenue, when owned by Lev Wolkowicki . The property has 80 rent regulated units according to city tax records from 2024.

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 one DOB violation, $5,000 in ECB penalties, $9,075 in OATH penalties, and one housing litigation 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 one of the seven commercial properties representing 59,231 square feet of the 82,056 square feet. The identified owner is Lev Wolkowicki.
There are no active new building construction projects on this tax block.

The majority, or 72 percent of the 82,056 square feet of built space are elevator buildings, with retail buildings next occupying 16 percent of the space.

The borrower

The PincusCo database currently indicates that Lev Wolkowicki owned at least one commercial property with 80 residential units in New York City with 59,231 square feet and a city-determined market value of $3.8 million. (Market value is typically about 50% of actual value.) The portfolio has $6.1 million in debt, borrowed from Hirshmark Capital. The portfolio consists of at least a single elevator property. It is located in Queens.

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