Parkview Properties pays $8.3M for two buildings with a total of 17 units in Bushwick

Parkview Properties through the entity Evergreene 499 LLC paid $8.3 million to the Nadav Hamo’s NYC Prime Properties through the entity 503 Evergreen Avenue LLC for four condominium units that make up two buildings, the nine-unit 503 Evergreen Avenue and the adjacent eight-unit at 499 Evergreen Avenue, both in Bushwick, Brooklyn. Each building also has a retail condo unit. The expected use is cash flowing.
The deal closed on September 16, 2025 and was recorded on September 23, 2025. The four condo units have 23,459 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $355 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 Nadav Hamo’s NYC Prime Properties was Benjamin Brash . The signatory for Parkview Properties was Steven Kordvani . The contract date was June 18, 2025.

The sale was brokered by Lev Mavashev and Eli Yusupov of Alpha Realty.

Prior sales and revenue

Prior to this transaction, PincusCo has records that the buyer Parkview Properties purchased one property in one transaction for a total of $18.8 million and has no record it sold any properties over the past 24 months.
The seller Nadav Hamo had not purchased any other properties and sold three properties in three transactions for a total of $8.5 million over the same time period.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the properties for the past 24 months. In addition, according to city public data, the properties have not received any significant violations in the last year.

Development

On the tax lot, the most recent condominium plan was filed by 503 Evergreen Avenue LLC to create 8 residential units in a building at 499 Evergreen Avenue in Bushwick, Brooklyn, called 499 Evergreen Avenue Condominium that has a $4.6 million sellout, according to an August 31, 2020 submission to the New York State Attorney General. The principal of the sponsor, 503 Evergreen Avenue LLC, was Nadav Hamo.

The block

On the tax block of 499 Evergreen Avenue, PincusCo has identified the owners of five of the 15 commercial properties representing 49,027 square feet of the 65,139 square feet. The largest owner is Martin Joseph, followed by Yidel Mann and then Linda Vera-Benitez.
On the tax block, there were six new building construction projects totaling 53,734 square feet. The largest is a 25,196 square-foot business (B) building submitted by Bob Michaeli with plans filed April 25, 2017 and it has not been permitted yet. The second largest is a 10-unit, 8,790 square-foot residential (R-2) building submitted by Dianping Chen with plans filed June 15, 2022 and permitted March 15, 2023.

The majority, or 58 percent of the 65,139 square feet of built space are walkup buildings, with elevator buildings next occupying 25 percent of the space.

The seller

The PincusCo database currently indicates that Nadav Hamo owned at least one commercial property with six residential units in New York City with 6,996 square feet and a city-determined market value of $1.9 million. (Market value is typically about 50% of actual value.) The portfolio has $17.5 million in debt, borrowed from Ascent Developer Solutions. The portfolio consists of at least a single mixed-use property. It is located in Manhattan.

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.) 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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