Reshape pays $4.3M for 5-unit walkup in Williamsburg

Reshape through the entity 120 Wythe I LLC paid $4.3 million to Robert Barouh through the entity 120 Wythe Ave., LLC for the five-unit residential walkup building (C2) at 120 Wythe Avenue in Williamsburg, Brooklyn. The expected use is cash flowing.
The deal closed on March 17, 2025 and was recorded on April 4, 2025. The property has 3,218 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $1,351 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 Robert Barouh was Robert Barouh. The signatory for Reshape was Brian Larkin. The contract date was February 1, 2025. Brian Larkin is an attorney at Mermel Associates. The buyer entity is in care of the Aurora Capital Associates’s SCF Management, which is managing the property on behalf of the buyer. Robert Chattah and Aziz Kabbaj lead Reshape.

Prior sales and revenue

Prior to this transaction, PincusCo has records that the buyer Reshape purchased one property in one transaction for a total of $19.2 million and has no record it sold any properties over the past 24 months.
The seller Robert Barouh 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 Robert Barouh, head officer and Richard Barouh, shareholder. The business entity is Barouh Eaton Allen Corp. The 3,218-square-foot property generated revenue of $109,283 or $34 per square foot, according to the most recent income and expense figures.

The property

The residential walkup building with 5 residential units in Williamsburg has 3,218 square feet of built space according to a PincusCo analysis of city data. The parcel has frontage of 19 feet and is 70 feet deep with a total lot size of 1,365 square feet. The zoning is M1-2 which allows for up to 2 times floor area ratio (FAR) for manufacturing 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 three of the seven commercial properties representing 18,218 square feet of the 184,964 square feet. The largest owner is Ninenorth61 Llc, followed by Robert Barouh and then Chess Builders.
There are no active new building construction projects on this tax block.

The majority, or 93 percent of the 184,964 square feet of built space are industrial buildings, with retail buildings next occupying 5 percent of the space.

The seller

The PincusCo database currently indicates that Robert Barouh owned at least one commercial property with five residential units in New York City with 3,218 square feet and a city-determined market value of $1.6 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.

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