Red Brick Properties sells 3-family in Park Slope for $9.5M

Red Brick Properties through the entity 839 President Street LLC sold the three-unit building (C0) at 839 President Street in Park Slope, Brooklyn. The expected use is cash flowing.
The deal closed on February 13, 2026 and was recorded on February 27, 2026. The property has 4,960 square feet of built space and 1,090 square feet of additional air rights for a total buildable of 6,060 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $1,915 and the price per buildable square foot is $1,567 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 December 15, 2023, for $4 million. The signatory for Red Brick Properties was David Slaven . The signatory for the buyer was Jennifer Kurtz. The contract date was December 19, 2025.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has no record that the buyer had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Red Brick Properties 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 Shawn Wright, joint owner and Mindy Kappel, joint owner.

The property

The 1-4 family building with 3 residential units in Park Slope has 4,960 square feet of built space and 1,090 square feet of additional air rights for a total buildable of 6,060 square feet according to a PincusCo analysis of city data. The parcel has frontage of 21 feet and is 95 feet deep with a total lot size of 2,020 square feet. The lot is irregular. The zoning is R7B which allows for up to 3 times floor area ratio (FAR) for residential. The property is in the Park Slope Historic District. The city-designated market value for the property in 2022 is $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 received $750 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 five of the 13 commercial properties representing 53,486 square feet of the 91,001 square feet. The largest owner is Joseph Berman, followed by Kmr Equity Partners and then Joseph Poggioli.
There are no active new building construction projects on this tax block.

The majority, or 39 percent of the 91,001 square feet of built space are elevator buildings, with walkup buildings next occupying 35 percent of the space.

The seller

The PincusCo database currently indicates that Red Brick Properties owned at least one commercial property with three residential units in New York City with 4,960 square feet and a city-determined market value of $4.3 million. (Market value is typically about 50% of actual value.) The portfolio has $5.1 million in debt, borrowed from S3 Capital. The portfolio consists of at least a single C0 property. It is located in Brooklyn.

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