Parkview Properties pays $13.1M for 24-unit rental in Bushwick

Parkview Properties through the entity Starr 73 LLC paid $13.1 million to Lazar Waldman through the entity 73 Starr LLC for the 24-unit residential elevator building (D1) at 73 Starr Street in Bushwick, Brooklyn. The expected use is cash flowing.
The deal closed on March 31, 2026 and was recorded on April 6, 2026. The property has 23,179 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $565 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 Lazar Waldman was Lazar Waldman. The signatory for Parkview Properties was Steven Kordvani . The contract date was November 5, 2025.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has records that the buyer Parkview Properties purchased five properties in two transactions for a total of $27.1 million and has no record it sold any properties over the past 24 months.
The seller Lazar Waldman had not purchased any other properties and sold one property in one transaction for a total of $3.5 million over the same time period. The former owners according to the Department of Housing Preservation and Development includes Lazar Waldman, head officer and Mark Halpern, officer. The business entity is 73 Starr Llc. The 23,179-square-foot property generated revenue of $1 million or $44 per square foot, according to the most recent income and expense figures.

The property

The residential elevator building with 24 residential units in Bushwick has 23,179 square feet of built space according to a PincusCo analysis of city data. The parcel has frontage of 75 feet and is 100 feet deep with a total lot size of 7,500 square feet. The zoning is R6 which allows for up to 2.43 times floor area ratio (FAR) for residential. The property has a 421A exemption that started in 2018 and expires in 2054. The city-designated market value for the property in 2022 is $5.4 million. The property has 8 rent regulated units according to city tax records from 2024.

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 $550 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 block

On this tax block, PincusCo has identified the owners of 22 of the 37 commercial properties representing 123,655 square feet of the 194,330 square feet. The largest owner is Lazer Waldman, followed by Graph Group and then Aron Kapelyus.
There are no active new building construction projects on this tax block.

The majority, or 56 percent of the 194,330 square feet of built space are walkup buildings, with mixed-use buildings next occupying 19 percent of the space.

The seller

The PincusCo database currently indicates that Lazar Waldman owned at least five commercial properties with 36 residential units in New York City with 27,903 square feet and a city-determined market value of $5 million. (Market value is typically about 50% of actual value.) Within the portfolio, all identified are walkup properties. They are all located in Brooklyn.

The buyer

The PincusCo database currently indicates that Parkview Properties owned at least five commercial properties with 83 residential units in New York City with 75,664 square feet and a city-determined market value of $11.4 million. (Market value is typically about 50% of actual value.) The portfolio has $5.8 million in debt, borrowed from Cathay Bank. Within the portfolio, the bulk, or 65 percent of the 75,664 square feet of built space are elevator properties, with walkup properties next occupying 35 percent of the space. They are all located in Queens.

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