NBDG pays $6.5M for 5-unit walkup in Brooklyn Heights

Shaky Cohen’s Nexus Building Development Group, also known as NBDG, through the entity 222 Henry Owner LLC paid $6.5 million to Dexter Guerrieri through the entity 222 Henry Street LLC for the five-unit residential walkup building (C2) at 222 Henry Street in Brooklyn Heights, Brooklyn. The expected use is cash flowing.
The deal closed on November 25, 2025 and was recorded on December 8, 2025. The property has 5,000 square feet of built space and 1,075 square feet of additional air rights for a total buildable of 6,075 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $1,299 and the price per buildable square foot is $1,069 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 5, 2005, for $2 million. The signatory for Dexter Guerrieri was Dexter Guerrieri. The signatory for Nexus Building Development Group was Shaky Cohen . The contract date was July 1, 2025.

Prior sales and revenue

Prior to this transaction, PincusCo has records that the buyer Nexus Building Development Group purchased one property in one transaction for a total of $4.7 million and has no record it sold any properties over the past 24 months.
The seller Dexter Guerrieri 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 Dexter Guerrieri, head officer and Jane Ordway, officer. The business entity is 222 Henry Street Llc.

The property

The residential walkup building with 5 residential units in Brooklyn Heights has 5,000 square feet of built space and 1,075 square feet of additional air rights for a total buildable of 6,075 square feet according to a PincusCo analysis of city data. The parcel has frontage of 25 feet and is 75 feet deep with a total lot size of 2,500 square feet. The lot is irregular. The zoning is R6 which allows for up to 2.43 times floor area ratio (FAR) for residential. The property is in the Brooklyn Heights Historic District. The city-designated market value for the property in 2022 is $1.6 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 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 block

On this tax block, PincusCo has identified the owners of 16 of the 16 commercial properties representing 118,203 square feet of the 118,203 square feet. The largest owner is Fine Times Incorporated, followed by Harriet Frederick and then Joseph Carrillo.
There are no active new building construction projects on this tax block.

The majority, or 67 percent of the 118,203 square feet of built space are walkup buildings, with elevator buildings next occupying 33 percent of the space.

The seller

The PincusCo database currently indicates that Dexter Guerrieri owned at least one commercial property with five residential units in New York City with 5,000 square feet and a city-determined market value of $2.2 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.

The buyer

The PincusCo database currently indicates that Nexus Building Development Group owned at least two commercial properties with 12 residential units in New York City with 30,550 square feet and a city-determined market value of $7.7 million. (Market value is typically about 50% of actual value.) The portfolio has $74.4 million in debt, with top three lenders as Be-Aviv, Continental Insurance Group, and Spruce Capital respectively. Within the portfolio, the bulk, or 85 percent of the 30,550 square feet of built space are D6 properties, with C0 properties next occupying 15 percent of the space. The bulk, or 85 percent of the built space, is in Manhattan, with Brooklyn next at 15 percent of the space.

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