RH Brooklyn Capital pays $2.8M for 3-family in Prospect Heights

RH Brooklyn Capital through the entity RH Park Place LLC paid $2.8 million for the three-unit building (C0) at 273 Park Place in Prospect Heights, Brooklyn. The expected use is cash flowing.
The deal closed on July 24, 2025 and was recorded on August 8, 2025. The property has 2,880 square feet of built space and 1,839 square feet of additional air rights for a total buildable of 4,716 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $984 and the price per buildable square foot is $601 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 Carla Brown was Carla Brown. The signatory for RH Brooklyn Capital was Menahem Chukroon . The contract date was September 13, 2024.

Prior sales and revenue

Prior to this transaction, PincusCo has records that the buyer RH Brooklyn Capital purchased two properties in two transactions for a total of $7.1 million and has no record it sold any properties over the past 24 months.
The seller Carla Brown had not purchased any other properties and had not sold any properties over the same time period.

The property

The 1-4 family building with 3 residential units in Prospect Heights has 2,880 square feet of built space and 1,839 square feet of additional air rights for a total buildable of 4,716 square feet according to a PincusCo analysis of city data. The parcel has frontage of 18 feet and is 131 feet deep with a total lot size of 2,358 square feet. The zoning is R6B which allows for up to 2 times floor area ratio (FAR) for residential with inclusionary housing. The property is in the Prospect Heights Historic District. The city-designated market value for the property in 2022 is $2.9 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 one DOB violation 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 two of the 13 commercial properties representing 11,293 square feet of the 57,826 square feet. The two identified owners are Arthur Gabriel and Richard Muzio.
There are no active new building construction projects on this tax block.

The majority, or 51 percent of the 57,826 square feet of built space are walkup buildings, with mixed-use buildings next occupying 49 percent of the space.

The buyer

The PincusCo database currently indicates that RH Brooklyn Capital owned at least two commercial properties with 10 residential units in New York City with 7,394 square feet and a city-determined market value of $6.5 million. (Market value is typically about 50% of actual value.) Within the portfolio, the bulk, or 63 percent of the 7,394 square feet of built space are C0 properties, with walkup properties next occupying 37 percent of the space. They are all located in Brooklyn.

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