Royal Builders sells Borough Park office building for $30M

An anonymous buyer through the entity 2250 59 Owner LLC paid $30 million to Royal Builders through the entity Royal 59 LLC for office building (O6) at 2250 59th Street in Borough Park, Brooklyn.
The deal closed on December 3, 2021 and was recorded on December 21, 2021.
The property has 52,446 square feet of built space according to PincusCo analysis of city data. The sale price per built square foot is $572 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 May 23, 2018, for $4 million.
The signatory for Royal Builders was Joshua Markovics and Menachem Markovics. The signatory for 2250 59 Owner LLC was Schmiley Schick.
(321755855)The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building on January 12, 2021.
Joshua Markovics is connected to Royal Builders. Menachem Markovics is the VP.
FALSE

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