Rudolph Migliorisi pays $4M for dev site in Carroll Gardens

Rudolph Migliorisi through the entity 115-117 Luquer Street LLC paid $4 million for the three-unit building (C0) at 115 Luquer Street in Carroll Gardens, Brooklyn. The expected use is ground up development.

On the lot, there is one active new building construction project, 321967813, for a four-unit, 3,742 square-foot residential (R-2) building. The project was submitted by John Brescio with plans filed June 17, 2019 and permitted September 14, 2021.
The deal closed on June 9, 2025 and was recorded on June 23, 2025. The property has 3,050 square feet of built space and 4,960 square feet of additional air rights for a total buildable of 8,000 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $1,311 and the price per buildable square foot is $500 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 March 9, 2018, for $3.4 million. The signatories for the sellers John A. Brescio and Ioannis Golemis were John A. Brescio and Ioannis Golemis. The signatory for Rudolph Migliorisi was Rudy Migliorisi . The contract date was March 15, 2025.

Prior sales and revenue

Prior to this transaction, PincusCo has no record that the buyer Rudolph Migliorisi had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller John A. Brescio 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 Carroll Gardens has 3,050 square feet of built space and 4,960 square feet of additional air rights for a total buildable of 8,000 square feet according to a PincusCo analysis of city data. The parcel has frontage of 40 feet and is 100 feet deep with a total lot size of 4,000 square feet. The zoning is R6B which allows for up to 2 times floor area ratio (FAR) for residential with inclusionary housing. The city-designated market value for the property in 2022 is $2.5 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 $6,250 in ECB penalties in the last year.

The block

On this tax block, PincusCo has identified the owners of two of the 15 commercial properties representing 11,607 square feet of the 67,111 square feet. The two identified owners are Tony Dipiazza and Lina Soriano.
On the tax block, there was one new building construction project filed totaling 3,742 square feet. It is a four-unit, 3,742 square-foot residential (R-2) building submitted by John Brescio with plans filed June 17, 2019 and permitted September 14, 2021.

The majority, or 65 percent of the 67,111 square feet of built space are walkup buildings, with industrial buildings next occupying 21 percent of the space.

Direct link to Acris document. link