Moshe Braver pays $4.2M for specialty in Canarsie

Moshe Braver through the entity Rockaway Equities Ny LLC paid $4.2 million to Interborough Developmental & Consultation Center for the specialty building (W2) at 1285 Rockaway Avenue in Canarsie, Brooklyn. The expected use is conversion/addition.

On the lot, there is one active major alteration construction project, B01318976, for a 26-unit, 19,056 square-foot R-2 building. The project was submitted by Samuel Moskovits with plans filed November 18, 2025 and it has not been permitted yet.
The deal closed on November 12, 2025 and was recorded on November 28, 2025. The property has 11,352 square feet of built space and 25,684 square feet of additional air rights for a total buildable of 36,956 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $374 and the price per buildable square foot is $115 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 January 15, 2019, for $4 million. The signatory for Interborough Developmental & Consultation Center was Mordechai Schechter . The signatory for Moshe Braver was Moshe Braver. The contract date was March 25, 2025.

Prior sales and revenue

Prior to this transaction, PincusCo has no record that the buyer Moshe Braver had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Interborough Developmental & Consultation Center purchased one property in one transaction for a total of $4.9 million and had not sold any properties over the same time period.

The property

The specialty building in Canarsie has 11,352 square feet of built space and 25,684 square feet of additional air rights for a total buildable of 36,956 square feet according to a PincusCo analysis of city data. The parcel has frontage of 137 feet and is 176 feet deep with a total lot size of 18,478 square feet. The lot is irregular. The zoning is R5D which allows for up to 2 times floor area ratio (FAR) for residential. The city-designated market value for the property in 2022 is $1.7 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 $600 in OATH penalties in the last year.

Development

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 41st highest sale turnover among other neighborhoods in Brooklyn with $57.2 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 231,700 square feet of commercial and multi-family construction under development in the last two years, which represents 2 percent of the neighborhood’s built space.

The block

On this tax block, PincusCo has identified the owners of two of the 12 commercial properties representing 15,792 square feet of the 53,733 square feet. The two identified owners are New York Police Department and City Of New York.
On the tax block, there was one new building construction project filed totaling 62,796 square feet. It is a 75-unit, 62,796 square-foot residential (R-2) building submitted by Westbridge Realty Group and filed by Steven Westreich with plans filed June 27, 2025 and it has not been permitted yet.

The majority, or 51 percent of the 53,733 square feet of built space are specialty buildings, with office buildings next occupying 30 percent of the space.

The seller

The PincusCo database currently indicates that Interborough Developmental & Consultation Center owned at least one commercial property in New York City with 10,900 square feet and a city-determined market value of $1.6 million. (Market value is typically about 50% of actual value.) The portfolio consists of at least a single retail property. It is located in Brooklyn.

The buyer

The PincusCo database currently indicates that Moshe Braver owned at least four commercial properties with 1,162 residential units in New York City with 464,944 square feet and a city-determined market value of $10.8 million. (Market value is typically about 50% of actual value.) The portfolio has $289.8 million in debt, with top three lenders as Arbor Realty Trust, Dwight Capital, and Citibank respectively. Within the portfolio, the bulk, or 100 percent of the 464,944 square feet of built space are development properties, with mixed-use properties next occupying 0 percent of the space. They are all located in Queens.

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