Martin Mendlovic pays $3.8M to Winchester Equities for mixed-use in Bedford Stuyvesant

Martin Mendlovic through the entity M Tompkins LLC paid $3.8 million to Winchester Equities through the entity 151 Tompkins Avenue LLC for the three-unit mixed-use building (S3) at 151 Tompkins Avenue in Bedford Stuyvesant, Brooklyn. The expected use is cash flowing.
The deal closed on November 17, 2025 and was recorded on December 5, 2025. The property has 5,600 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $678 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 August 30, 2016, for $2.5 million. The signatory for Winchester Equities was Alberto Benamu . The signatory for Martin Mendlovic was Martin Mendlovic. The contract date was June 5, 2025.

Prior sales and revenue

Prior to this transaction, PincusCo has no record that the buyer Martin Mendlovic had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Winchester Equities had not purchased any other properties and had not sold any properties over the same time period. The former owners according to the Department of Housing Preservation and Development includes Alberto Benamu, head officer and Sergii Starostin, site manager. The business entity is 151 Tompkins Avenue.

The property

The mixed-use building with 3 residential units in Bedford Stuyvesant has 5,600 square feet of built space according to a PincusCo analysis of city data. The parcel has frontage of 20 feet and is 75 feet deep with a total lot size of 1,500 square feet. 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 $1.1 million.

Violations and lawsuits

The property was involved in two lawsuits and zero bankruptcies over the past two years. The highest value suit was a $6.1 million commercial foreclosure concerning a loan filed on September 16, 2024, by Stears Bank against Winchester Equities and Alberto Benamu. In addition, according to city public data, the property has received $3,400 in OATH penalties in the last year.

Development

For the tax lot building, it received its initial certificate of occupancy on February 28, 2019. 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 Bedford Stuyvesant, The bulk, or 35 percent of the 54.8 million square feet of commercial built space are elevator buildings, with walkup buildings next occupying 29 percent of the space. In sales, Bedford Stuyvesant has the 10th highest sale turnover among other neighborhoods in the city with $1.2 billion in sales volume in the last two years. For development, Bedford Stuyvesant has 1.8 times the average amount of major developments relative to other neighborhoods and is the 4th highest in Brooklyn. It had 2.8 million square feet of commercial and multi-family construction under development in the last two years, which represents 5 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 eight of the 12 commercial properties representing 98,161 square feet of the 114,325 square feet. The largest owner is Joel Shafran, followed by Bernard Schwimmer and then Abraham Friedrich.
On the tax block, there was one new building construction project filed totaling 3,998 square feet. It is a four-unit, 3,998 square-foot residential (R-2) building submitted by Teem Interiors and filed by Chesky Weiss with plans filed June 25, 2024 and it has not been permitted yet.

The majority, or 70 percent of the 114,325 square feet of built space are walkup buildings, with mixed-use buildings next occupying 22 percent of the space.

The seller

The PincusCo database currently indicates that Winchester Equities owned at least two commercial properties with seven residential units in New York City with 10,950 square feet and a city-determined market value of $1.8 million. (Market value is typically about 50% of actual value.) The portfolio has $6.1 million in debt, borrowed from Stearns Bank. Within the portfolio, all identified are mixed-use properties. They are all located in Brooklyn.

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