Manufacturer Joseph Hamra pays $6.8M to Sugar Hill for 8-unit walkup in Park Slope

Clothing manufacturer Joseph Hamra through the entity Hamra BH LLC paid $6.8 million to Sugar Hill Capital Partners through the entity 336 Flatbush Residences, LLC for the eight-unit residential walkup building (C7) at 336 Flatbush Avenue in Park Slope, Brooklyn. The expected use is cash flowing.
The deal closed on October 10, 2025 and was recorded on October 20, 2025. The property has 13,108 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $514 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 March 31, 2017, for $6.5 million. The signatory for Sugar Hill Capital Partners was Margaret Grossman . The signatory for Joseph Hamra was Yosef Abohamra . The contract date was August 12, 2025. Sugar Hill Capital Partners is the property owning predecessor entity to T30 Capital. On the debt side it was Fort Amsterdam Capital. Sugar Hill owns its legacy portfolio. All new business is done through T30 Capital and when Sugar Hill sells its last asset, it will be wound down.

Prior sales and revenue

Prior to this transaction, PincusCo has no record that the buyer Joseph Hamra had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Sugar Hill Capital Partners had not purchased any other properties and sold five properties in four transactions for a total of $12.4 million over the same time period.

The property

The residential walkup building with 8 residential units in Park Slope has 13,108 square feet of built space according to a PincusCo analysis of city data. The parcel has frontage of 28 feet and is 82 feet deep with a total lot size of 2,700 square feet. The lot is irregular. The zoning is R7A which allows for up to 4 times floor area ratio (FAR) for residential with inclusionary housing. The city-designated market value for the property in 2022 is $6.1 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 received $980 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 block

On this tax block, PincusCo has identified the owners of five of the 13 commercial properties representing 39,701 square feet of the 81,168 square feet. The largest owner is Sugar Hill Capital Partners, followed by Matthew Pintchik and then Jeffrey Homapour.
There are no active new building construction projects on this tax block.

The majority, or 53 percent of the 81,168 square feet of built space are walkup buildings, with retail buildings next occupying 23 percent of the space.

The seller

The PincusCo database currently indicates that Sugar Hill Capital Partners owned at least 75 commercial properties with 1,545 residential units in New York City with 1,448,603 square feet and a city-determined market value of $175.6 million. (Market value is typically about 50% of actual value.) The portfolio has $128.8 million in debt, with top three lenders as Signature Bank, Citibank, and New York Community Bank respectively. Within the portfolio, the bulk, or 55 percent of the 1,448,603 square feet of built space are walkup properties, with elevator properties next occupying 33 percent of the space. The bulk, or 69 percent of the built space, is in Manhattan, with Brooklyn next at 31 percent of the space.

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