Lulzim Kupa pays $3.9M for possible dev site in Carroll Gardens

Lulzim Kupa paid $3.9 million to two separate sellers for two adjacent parking lots in Carroll Gardens, Brooklyn, in two transactions, which is a possible development site purchase.

In the first, Lulzim Kupa through the entity A & L Douglas LLC paid $2.1 million to Michael Scotto through the entity Mas 251 LLC for the parking lot (G6) at 72 Douglass Street in Carroll Gardens, Brooklyn.
The deal closed on November 5, 2025 and was recorded on November 7, 2025. The property has zero square feet of built space and 4,000 square feet of additional air rights for a total buildable of 4,000 square feet according to a PincusCo analysis of city data. The sale price per buildable square foot is $537 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 signatory for Michael Scotto was Michael Scotto. The signatory for Lulzim Kupa was Lulzim Kupa. The contract date was July 8, 2025.

In the second, Lulzim Kupa through the entity A & L Douglas LLC paid $1.8 million to Theresa R. Vorvolakos through the entity 70 Douglass Street LLC for the industrial building (G6) at 70 Douglass Street in Carroll Gardens, Brooklyn.
The deal closed on November 5, 2025 and was recorded on November 7, 2025. The property has zero square feet of built space and 3,300 square feet of additional air rights for a total buildable of 3,300 square feet according to a PincusCo analysis of city data. The sale price price per buildable square foot is $530 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 signatory for Theresa R. Vorvolakos was Theresa R. Vorvolakos. The signatory for Lulzim Kupa was Lulzim Kupa.

Prior sales and revenue

Prior to this transaction, PincusCo has records that the buyer Lulzim Kupa purchased one property in one transaction for a total of $1.9 million and has no record it sold any properties over the past 24 months.
The seller Michael Scotto had not purchased any other properties and had not sold any properties over the same time period.

The property

The parcel has frontage of 20 feet and is 100 feet deep with a total lot size of 2,000 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 $130,000.

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 neighborhood

In Carroll Gardens, The bulk, or 44 percent of the 3.6 million square feet of commercial built space are walkup buildings, with mixed-use buildings next occupying 33 percent of the space. In sales, Carroll Gardens has 1.5 times the average sales volume among other neighborhoods with $432.5 million in sales volume in the last two years and is the 17th highest in Brooklyn. For development, Carroll Gardens has had very little major development activity relative to other neighborhoods.It had 152,577 square feet of commercial and multi-family construction under development in the last two years, which represents 4 percent of the neighborhood’s built space.

The block

On this tax block, PincusCo has identified the owners of four of the 15 commercial properties representing 11,841 square feet of the 34,985 square feet. The largest owner is Abdo Alsoora, followed by Ahmed Alsoora and then Gian Luca Brignone.
There are no active new building construction projects on this tax block.

The majority, or 79 percent of the 34,985 square feet of built space are mixed-use buildings, with walkup buildings next occupying 21 percent of the space.

The buyer

The PincusCo database currently indicates that Lulzim Kupa owned at least one commercial property with six residential units in New York City with 0.0 square feet and a city-determined market value of $1.2 million. (Market value is typically about 50% of actual value.) The portfolio consists of at least a single walkup property.

Direct link to Acris document. link
Direct link to Acris document. link