Mendel Fleischman pays $5.9M to Brooklyn Masonic Lodge for dev site in Bedford Stuyvesant

Mendel Fleischman through the entity 441 Garden LLC paid $5.9 million to Brooklyn Masonic Lodge through the entity United Grand Chapter Order Of Eastern Star, for the development building (V1) at 441 Willoughby Avenue in Bedford Stuyvesant, Brooklyn. The expected use is ground up development.
The deal closed on June 11, 2026 and was recorded on June 24, 2026. The property has zero square feet of built space and 30,000 square feet of additional air rights for a total buildable of 30,000 square feet according to a PincusCo analysis of city data. The sale price per buildable square foot is $196 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 Brooklyn Masonic Lodge was Letrice Jones . The signatory for Mendel Fleischman was Mendel Fleischman. The contract date was March 18, 2025.

PincusCo reported on the sale in February 2026.  The New York State Attorney General approved a petition the all-woman Brooklyn Masonic Lodge filed through the entity United Grand Chapter Order Of Eastern Star, State Of New York, to sell 441 Willoughby Avenue in Bedford Stuyvesant, Brooklyn, to developer Mendel Fleischman for $5.9 million. The sale is expected to close in about a month. The nonprofit made the petition to the Attorney General as part of a requirement that a nonprofit obtain Attorney General or state court approval to sell a major asset. The initial approval was dated February 10, 2026. A new petition with the same purchase price and same buyer was approved on June 9, 2026.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has records that the buyer Mendel Fleischman purchased three properties in three transactions for a total of $12 million and has no record it sold any properties over the past 24 months.
The seller Brooklyn Masonic Lodge had not purchased any other properties and had not sold any properties over the same time period.

The property

The parcel has frontage of 100 feet and is 100 feet deep with a total lot size of 10,000 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 $133,000.

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 $28,050 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 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 $1.4 billion in sales volume in the last two years. For development, Bedford Stuyvesant has 2.1 times the average amount of major developments relative to other neighborhoods and is the 3rd highest in Brooklyn. It had 3.5 million square feet of commercial and multi-family construction under development in the last two years, which represents 6 percent of the neighborhood’s built space.

The block

On this tax block, PincusCo has identified the owners of seven of the eight commercial properties representing 95,138 square feet of the 99,460 square feet. The largest owner is Hudson Companies , followed by Sam Weinberg and then Jack Garber.
On the tax block, there was one new building construction project filed totaling 2,500 square feet. It is a eight-unit, 2,500 square-foot residential (R-2) building submitted by Yoel Kahan with plans filed June 15, 2022 and permitted April 11, 2025.

The majority, or 96 percent of the 99,460 square feet of built space are walkup buildings, with mixed-use buildings next occupying 4 percent of the space.

The buyer

The PincusCo database currently indicates that Mendel Fleischman owned at least 15 commercial properties with 74 residential units in New York City with 174,324 square feet and a PincusCo-determined asset value of $107.7 million. The portfolio has $106.4 million in debt, with top three lenders as Greystone & Co. , Be Aviv, and S3 Capital respectively. Within the portfolio, the bulk, or 63 percent of the 174,324 square feet of built space are industrial properties, with walkup properties next occupying 12 percent of the space. The bulk, or 64 percent of the built space, is in Manhattan, with Brooklyn next at 35 percent of the space.

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