Rahman, Popovsky, pay $2.3M for office condo in Brighton Beach

UPDATED 8:36 a.m., September 26, 2025: Mohammed A. Rahman and Brian Popovsky through the entity 2809 Ocean Pkwy LLC paid $2.3 million to the entity 2809 Ocean Parkway LLC for the professional-office condominium unit at 2805 Ocean Parkway in Brighton Beach, Brooklyn. The unit is at the base of the building which has 34 residential condo units.
The deal closed on May 30, 2025 and was recorded on June 6, 2025. The property has 5,925 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $388 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 July 25, 2007, for $2 million. The signatory for Mohammed A. Rahman and Brian Popovsky was Mohammed A. Rahman and Brian Popovsky. The contract date was November 25, 2024.

Prior sales and revenue

Prior to this transaction, PincusCo has no record that the buyer Mohammed A. Rahman had purchased any other properties and has no record it sold any properties over the past 24 months.

The property

The office condo in Brighton Beach has 5,925 square feet of built space according to a PincusCo analysis of city data. The parcel has a total lot size of 5,925 square feet. The property has a 421A exemption that started in 2008 and expires in 2023. The city-designated market value for the property in 2022 is $1.1 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 neighborhood

In Brighton Beach, The majority, or 56 percent of the 8.1 million square feet of commercial built space are elevator buildings, with walkup buildings next occupying 12 percent of the space. In sales, Brighton Beach has had very little sales volume relative to other neighborhoods with $167.5 million in sales volume in the last two years. For development, Brighton Beach has had very little major development activity relative to other neighborhoods.It had 136,995 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 one of the 10 commercial properties representing 107,900 square feet of the 159,559 square feet. The identified owner is Estelle Cohen.
There are no active new building construction projects on this tax block.

The majority, or 68 percent of the 159,559 square feet of built space are elevator buildings, with walkup buildings next occupying 15 percent of the space.

The buyer

The PincusCo database currently indicates that Mohammed A. Rahman owned at least three commercial properties with 12 residential units in New York City with 15,345 square feet and a city-determined market value of $3.7 million. (Market value is typically about 50% of actual value.) The portfolio has $5.3 million in debt, borrowed from Broadfield Realty Capital. Within the portfolio, all identified are mixed-use properties. They are all located in Queens.

UPDATED with the removal of a private individual identified as an owner.

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