Royi Hazan pays $5.1M for 4-family in Cobble Hill

Royi Hazan through the entity 447 Henry Street LLC paid $5.1 million for the four-family building (C3) at 447 Henry Street in Cobble Hill, Brooklyn. The expected use is cash flowing.
The deal closed on March 20, 2026 and was recorded on March 31, 2026. The property has 4,800 square feet of built space and 550 square feet of additional air rights for a total buildable of 5,346 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $1,062 and the price per buildable square foot is $953 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 21, 2018, for $2.2 million. The signatory for the seller was Annette Perretta. The signatory for Royi Hazan was Royi Hazan. The contract date was September 15, 2025.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has no record that the buyer Royi Hazan had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Annette Perretta had not purchased any other properties and had not sold any properties over the same time period. The former owner according to the Department of Housing Preservation and Development is Annette Perretta, individual owner.

The property

The 1-4 family building with 4 residential units in Cobble Hill has 4,800 square feet of built space and 550 square feet of additional air rights for a total buildable of 5,346 square feet according to a PincusCo analysis of city data. The parcel has frontage of 20 feet and is 110 feet deep with a total lot size of 2,200 square feet. The lot is irregular. The zoning is R6 which allows for up to 2.43 times floor area ratio (FAR) for residential. The property is in the Cobble Hill Historic District. The city-designated market value for the property in 2022 is $2.4 million.

Transaction Participants

Daniel J. Muller at Szenberg & Okun PLLC participated in the transaction on behalf of the buyer .

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 one of the four commercial properties representing 4,032 square feet of the 23,008 square feet. The identified owner is Paula Stolowicz.
There are no active new building construction projects on this tax block.

The majority, or 100 percent of the 23,008 square feet of built space are walkup buildings, with specialty buildings next occupying 0 percent of the space.

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