Mohammed Aldeen pays $2.4M for industrial in Greenwood Heights

Mohammed Aldeen through the entity Amer 21 Realty LLC paid $2.4 million to Shlomo Zeitouni through the entity 21st Street Real Estate Corp. for the industrial building (E1) at 143-145 21st Street in Greenwood Heights, Brooklyn. The expected use is cash flowing.
The deal closed on June 12, 2026 and was recorded on June 23, 2026. The property has 5,000 square feet of built space and 2,504 square feet of additional air rights for a total buildable of 7,512 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $480 and the price per buildable square foot is $319 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 Shlomo Zeitouni was Shlomo Zeitouni. The signatory for Mohammed Aldeen was Mohammed Aldeen, who uses the alternate spelling Mohammed Eldeen . The contract date was May 14, 2026.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has no record that the buyer Mohammed Aldeen had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Shlomo Zeitouni had not purchased any other properties and had not sold any properties over the same time period. The 5,000-square-foot property generated revenue of $66,650 or $13 per square foot, according to the most recent income and expense figures.

The property

The industrial building in Greenwood Heights has 5,000 square feet of built space and 2,504 square feet of additional air rights for a total buildable of 7,512 square feet according to a PincusCo analysis of city data. The parcel has frontage of 50 feet and is 100 feet deep with a total lot size of 5,008 square feet. The zoning is M1-2D which allows for up to 2 times floor area ratio (FAR) for manufacturing The city-designated market value for the property in 2022 is $432,000.

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 Greenwood Heights, The bulk, or 37 percent of the 16.2 million square feet of commercial built space are industrial buildings, with specialty buildings next occupying 36 percent of the space. In sales, Greenwood Heights has had very little sales volume relative to other neighborhoods with $186.6 million in sales volume in the last two years. For development, Greenwood Heights has near average amount of major developments among other neighborhoods and is the 16th highest in Brooklyn. It had 1.4 million square feet of commercial and multi-family construction under development in the last two years, which represents 9 percent of the neighborhood’s built space.

The block

On this tax block, PincusCo has identified the owners of five of the 28 commercial properties representing 67,447 square feet of the 143,644 square feet. The largest owner is Xiu Hui Lu , followed by Joseph Banda and then Ana Taveras.
There are no active new building construction projects on this tax block.

The majority, or 30 percent of the 143,644 square feet of built space are industrial buildings, with hotel buildings next occupying 21 percent of the space.

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