Seta Nazarian pays $6.2M to Yechil Landau for rental in Gowanus

Seta Nazarian through the entity Sekewinic Pa, LLC paid $6.2 million to Yechil Landau through the entity Prospect Plaza 1 LLC for nine-unit rental (D1) at 137 Prospect Avenue in Gowanus, Brooklyn.
The deal closed on May 24, 2021 and was recorded on June 14, 2021.
The property has 6,796 square feet of built space and 0 square feet of additional air rights for a total buildable of 5,996 square feet according to PincusCo analysis of city data. The sale price per built square foot is $919 per the PincusCo analysis.
The signatory for Yechil Landau was Yechil Landau. The signatory for Seta Nazarian was Seta Nazarian.
Over the past five years, there have been 2 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000.

There has been one new building permit application Those plans include a total of 9 residential units.
Within a 400-foot radius of 137 Prospect Avenue, PincusCo identified four commercial real estate items of interests that occurred over the past 24 months.
Of those four items, two were for new building development. There were two new building permits. The most recent of these two items was a permit on June 1, 2021 for a 44,965-square-foot S-1 building at 150 17th Street.
One of those four items was a sale in which Louis V. Greco Jr. bought the 9,251-square-foot development site (V1) on 156 17th Street for $6.7 million on July 14, 2020.
One of those four items was a loan which Louis Greco Jr. borrowed $16.6 million from Self-Help Credit Union secured by the 9,251-square-foot development site (V1) on 156 17th Street on January 4, 2021.

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