Lloyd Properties sells 8-unit walkup in Boerum Hill for $3.3M

Benoit Lamy through the entity Pacific 555 LLC paid $3.3 million to Lloyd Properties through the entity 555 Pacific Owner LLC for the eight-unit residential walkup building (C1) at 555 Pacific Street in Boerum Hill, Brooklyn. The expected use is cash flowing.
The deal closed on January 6, 2026 and was recorded on January 9, 2026. The property has 3,780 square feet of built space for a total buildable of 3,780 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $863 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 December 19, 2024, for $2 million. The signatory for Lloyd Properties was David Lloyd . The signatory for Benoit Lamy was Benoit Lamy. The contract date was October 23, 2025.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has no record that the buyer Benoit Lamy had purchased any other properties and sold one property in one transaction for a total of $4.4 million over the past 24 months.
The seller Lloyd Properties purchased 11 properties in 11 transactions for a total of $39.6 million and sold one property in one transaction for a total of $3.4 million over the same time period. The former owners according to the Department of Housing Preservation and Development includes David Lloyd, head officer and Mark Commodore, site manager. The business entities are Camelot Property Management and 555 Pacific Owner Llc.

The property

The residential walkup building with 8 residential units in Boerum Hill has 3,780 square feet of built space for a total buildable of 3,780 square feet according to a PincusCo analysis of city data. The parcel has frontage of 21 feet and is 90 feet deep with a total lot size of 1,890 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 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

On this tax block, PincusCo has identified the owners of eight of the 17 commercial properties representing 172,050 square feet of the 227,328 square feet. The largest owner is Jacob Schwimmer, followed by Sterling Town Equities and then Mark Schildkraut.
On the tax block, there were two new building construction projects totaling 81,386 square feet. The largest is a 62-unit, 80,138 square-foot residential (R-2) building submitted by Dvir Cohen Hoshen|Omri Sachs|Ron Vaskin and filed by Josh Zucker with plans filed May 15, 2017 and permitted June 26, 2018. The second largest is a six-unit, 1,248 square-foot residential (R-2) building submitted by Sam Teitelbaum with plans filed May 17, 2022 and permitted June 4, 2024.

The majority, or 34 percent of the 227,328 square feet of built space are office buildings, with elevator buildings next occupying 32 percent of the space.

The seller

The PincusCo database currently indicates that Lloyd Properties owned at least 10 commercial properties with 85 residential units in New York City with 56,180 square feet and a city-determined market value of $22.4 million. (Market value is typically about 50% of actual value.) The portfolio has $2.4 million in debt, borrowed from Derby Copeland Capital. Within the portfolio, the bulk, or 90 percent of the 56,180 square feet of built space are walkup properties, with mixed-use properties next occupying 10 percent of the space. They are all located in Brooklyn.

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