RSLT Capital Management pays $5.1M for mixed-use in Greenpoint

RSLT Capital Management paid $5.1 million to Ezra Mashaal and Ron Obadiah for two mixed-use buildings in Greenpoint, Brooklyn, in two transactions.

In the first, RSLT Capital Management through the entity 644 Manhattan Owner LLC paid $2.7 million to Ezra Mashaal and Ron Obadiah through the entity 644 And 730 Manhattan Ave. E LLC for the mixed-use building (K2) at 644 Manhattan Avenue in Greenpoint, Brooklyn.
The deal closed on April 15, 2026 and was recorded on May 1, 2026. The property has 3,608 square feet of built space and 3,900 square feet of additional air rights for a total buildable of 7,500 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $748 and the price per buildable square foot is $360 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 July 20, 2016, for $3.4 million.

In the second, RSLT Capital Management through the entity 730 Manhattan Owner LLC paid $2.4 million to Ezra Mashaal and Ron Obadiah through the entity 644 And 730 Manhattan Ave. E LLC for the two-unit mixed-use building (S2) at 730 Manhattan Avenue in Greenpoint, Brooklyn.
The deal closed on April 15, 2026 and was recorded on May 1, 2026. The property has 3,920 square feet of built space and 3,575 square feet of additional air rights for a total buildable of 7,500 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $612 and the price per buildable square foot is $320 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 July 20, 2016, for $2.9 million.

The signatory for Ezra Mashaal and Ron Obadiah was Ezra Mashaal and Ron Obadiah. The signatory for RSLT Capital Management was Yarden Sivan . The contract date was February 20, 2026.

RSLT Capital Management financed the purchase with a $5 million loan from Stormfield Capital.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has no record that the buyer RSLT Capital Management had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Ezra Mashaal had not purchased any other properties and sold six properties in six transactions for a total of $103 million over the same time period. The 3,608-square-foot property generated revenue of $150,021 or $42 per square foot, according to the most recent income and expense figures.

The property

The mixed-use building in Greenpoint has 3,608 square feet of built space and 3,900 square feet of additional air rights for a total buildable of 7,500 square feet according to a PincusCo analysis of city data. The parcel has frontage of 25 feet and is 100 feet deep with a total lot size of 2,500 square feet. The zoning is R6A which allows for up to 3 times floor area ratio (FAR) for residential with inclusionary housing. The city-designated market value for the property in 2022 is $726,000.

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 and $100 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 neighborhood

In Greenpoint, The bulk, or 29 percent of the 23.8 million square feet of commercial built space are walkup buildings, with industrial buildings next occupying 26 percent of the space. In sales, Greenpoint has 2.7 times the average sales volume among other neighborhoods with $921.9 million in sales volume in the last two years and is the 4th highest in Brooklyn. For development, Greenpoint has 1.9 times the average amount of major developments relative to other neighborhoods and is the 4th highest in Brooklyn. It had 3.1 million square feet of commercial and multi-family construction under development in the last two years, which represents 13 percent of the neighborhood’s built space. There were 77 pre-foreclosure suit filed among other mixed-use buildings in the past 12 months.

The block

On this tax block, PincusCo has identified the owners of 20 of the 31 commercial properties representing 137,403 square feet of the 182,319 square feet. The largest owner is Viking Management, followed by Steve Goldman (230 Java) and then Marek Kaczor.
There are no active new building construction projects on this tax block.

The majority, or 54 percent of the 182,319 square feet of built space are mixed-use buildings, with walkup buildings next occupying 40 percent of the space.

The seller

The PincusCo database currently indicates that Ezra Mashaal owned at least five commercial properties with 38 residential units in New York City with 102,418 square feet and a PincusCo-determined asset value of $78.7 million. The portfolio has $58.1 million in debt, with top three lenders as Metropolitan Commercial Bank, Webster Bank, and Signature Bank respectively. Within the portfolio, the bulk, or 59 percent of the 102,418 square feet of built space are office properties, with walkup properties next occupying 33 percent of the space. The bulk, or 85 percent of the built space, is in Manhattan, with Brooklyn next at 14 percent of the space.

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