Mendel Weinberger pays $3.2M for industrial in Canarsie

Mendel Weinberger through the entity 855 E 92 LLC paid $3.2 million to Meir Bukchin through the entity 9202 Ave D LLC for the industrial building (E1) at 9202 Avenue D in Canarsie, Brooklyn.
The deal closed on May 27, 2025 and was recorded on June 12, 2025. The property has 11,000 square feet of built space and 223 square feet of additional air rights for a total buildable of 11,195 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $288 and the price per buildable square foot is $283 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 19, 2021, for $3 million. The signatory for Meir Bukchin was Meir I. Bukchin . The signatory for Mendel Weinberger was Alan J. Waintraub. The contract date was April 8, 2025.

Prior sales and revenue

Prior to this transaction, PincusCo has no record that the buyer Mendel Weinberger had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Meir Bukchin had not purchased any other properties and had not sold any properties over the same time period. The 11,000-square-foot property generated revenue of $173,910 or $16 per square foot, according to the most recent income and expense figures.

The property

The industrial building in Canarsie has 11,000 square feet of built space and 223 square feet of additional air rights for a total buildable of 11,195 square feet according to a PincusCo analysis of city data. The parcel has frontage of 51 feet and is 216 feet deep with a total lot size of 11,195 square feet. The zoning is M1-1 which allows for up to 1 times floor area ratio (FAR) for manufacturing The city-designated market value for the property in 2022 is $893,000.

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 Canarsie, The bulk, or 28 percent of the 11.7 million square feet of commercial built space are elevator buildings, with industrial buildings next occupying 25 percent of the space. In sales, Canarsie has the 39th highest sale turnover among other neighborhoods in Brooklyn with $75.4 million in sales volume in the last two years. For development, Canarsie has had very little major development activity relative to other neighborhoods.It had 60,260 square feet of commercial and multi-family construction under development in the last two years, which represents 0.51 percent of the neighborhood’s built space.

The block

On this tax block, PincusCo has identified the owners of one of the seven commercial properties representing 11,000 square feet of the 14,120 square feet. The identified owner is Meir J. Bukchin.
There are no active new building construction projects on this tax block.

The majority, or 78 percent of the 14,120 square feet of built space are industrial buildings, with mixed-use buildings next occupying 22 percent of the space.

The seller

The PincusCo database currently indicates that Meir Bukchin owned at least one commercial property with eight residential units in New York City with 11,500 square feet and a city-determined market value of $2.3 million. (Market value is typically about 50% of actual value.) The portfolio consists of at least a single walkup property. It is located in Brooklyn.

Direct link to Acris document. link