School bus operator Allied Transit pays $7.6M for garage, lot in Canarsie

The school bus operator Allied Transit through the entity Monk Holdings Corp. paid $7.6 million to Barry Haskell through the entity CJC Foster Ave LLC for the industrial building (G2) at 8215 Foster Avenue and an adjacent parking lot (G7) on Foster Avenue, in Canarsie, Brooklyn.
The deal closed on June 11, 2025 and was recorded on June 17, 2025. The two properties have 2,600 square feet of built space and 29,480 square feet of additional air rights for a total buildable of 32,000 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $2,923 and the price per buildable square foot is $237 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 Barry Haskell was Barry J. Haskell . The signatory for Allied Transit was John Curcio . The contract date was May 7, 2025. Barry Haskell represents other family members. The Curcio family also operates bus companies Empire Charter Service and Empire State Bus.

Prior sales and revenue

Prior to this transaction, PincusCo has records that the buyer Allied Transit purchased one property in one transaction for a total of $4 million and has no record it sold any properties over the past 24 months.
The seller Barry Haskell had not purchased any other properties and sold five properties in three transactions for a total of $17 million over the same time period. Out of the two properties, one with a total of 2,600 square feet of built space generated revenue of $93,921 per year.

The property

The industrial building in Canarsie has 2,600 square feet of built space and 29,480 square feet of additional air rights for a total buildable of 32,000 square feet according to a PincusCo analysis of city data. The parcel has frontage of 80 feet and is 200 feet deep with a total lot size of 18,000 square feet. The lot is irregular. The zoning is M1-1 which allows for up to 1 times floor area ratio (FAR) for manufacturing The city-designated market value for the property in 2022 is $859,000.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the properties for the past 24 months. In addition, according to city public data, the properties have 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 neighborhood

In Canarsie, The bulk, or 28 percent of the 11.7 million square feet of commercial built space are elevator buildings, with industrial buildings next occupying 25 percent of the space. In sales, Canarsie has the 41st highest sale turnover among other neighborhoods in Brooklyn with $50.6 million in sales volume in the last two years. For development, Canarsie has had very little major development activity relative to other neighborhoods.It had 60,260 square feet of commercial and multi-family construction under development in the last two years, which represents 0.51 percent of the neighborhood’s built space.

The block

On the tax block of 8215 Foster Avenue, PincusCo has identified the owners of four of the 21 commercial properties representing 70,000 square feet of the 216,631 square feet. The largest owner is I.J. Litwak Realty Limted Partnership, followed by Fire Department of New York and then LIRR.
There are no active new building construction projects on this tax block.

The majority, or 81 percent of the 216,631 square feet of built space are industrial buildings, with mixed-use buildings next occupying 10 percent of the space.

The buyer

The PincusCo database currently indicates that Allied Transit owned at least one commercial property in New York City with 20,991 square feet and a city-determined market value of $1.5 million. (Market value is typically about 50% of actual value.) The portfolio consists of at least a single industrial property. It is located in Brooklyn.

Direct link to Acris document. link