Mansor Atareb pays $2.5M to Rafael Aboud for mixed-use in Bushwick

Mansor Atareb through the entity Mansor LLC paid $2.5 million to Rafael Aboud through the entity 1565 Broadway Realty Corp for the mixed-use building (K4) at 1565 Broadway in Bushwick, Brooklyn. The expected use is cash flowing.
The deal closed on July 25, 2025 and was recorded on August 4, 2025. The property has 5,875 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $434 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 Rafael Aboud was Rafael Aboud. The signatory for Mansor Atareb was Mansor Atareb. The contract date was November 13, 2023.

Prior sales and revenue

Prior to this transaction, PincusCo has no record that the buyer Mansor Atareb had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Rafael Aboud had not purchased any other properties and had not sold any properties over the same time period. The 5,875-square-foot property generated revenue of $191,290 or $33 per square foot, according to the most recent income and expense figures.

The property

The mixed-use building in Bushwick has 5,875 square feet of built space according to a PincusCo analysis of city data. The parcel has frontage of 25 feet and is 95 feet deep with a total lot size of 2,375 square feet. The zoning is R6 which allows for up to 2.43 times floor area ratio (FAR) for residential. The city-designated market value for the property in 2022 is $980,000.

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 received $2,100 in OATH penalties 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 Bushwick, The bulk, or 44 percent of the 33.6 million square feet of commercial built space are walkup buildings, with elevator buildings next occupying 18 percent of the space. In sales, Bushwick has 2 times the average sales volume among other neighborhoods with $532.5 million in sales volume in the last two years and is the 12th highest in Brooklyn. For development, Bushwick has had very little major development activity relative to other neighborhoods.It had 945,336 square feet of commercial and multi-family construction under development in the last two years, which represents 3 percent of the neighborhood’s built space. There were four pre-foreclosure suit filed among other mixed-use buildings in the past 12 months.

The block

On this tax block, PincusCo has identified the owners of three of the 12 commercial properties representing 5,875 square feet of the 53,097 square feet. The two identified owners are Charlene Marsh and Neighborhood Restore.
On the tax block, there were two new building construction projects totaling 12,500 square feet. The largest is a eight-unit, 8,944 square-foot residential (R-2) building submitted by Salvatore D’Avola with plans filed June 23, 2021 and permitted June 12, 2025. The second largest is a two-unit, 3,556 square-foot residential (R-3) building submitted by Salvatore D’Avola with plans filed November 9, 2015 and it has not been permitted yet.

The majority, or 99 percent of the 53,097 square feet of built space are mixed-use buildings, with retail buildings next occupying 1 percent of the space.

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