Shanti Pharmacy pays $3.8M for long-time drug store location in Williamsburg

Milind Suvarnakar’s Shanti Pharmacy through the entity 76 Graham Brooklyn LLC paid $3.8 million to Max Katz through the entity Maxaron LLC for the mixed-use retail building (K4) at 76 Graham Avenue in Williamsburg, Brooklyn. The expected use is owner-occupied.
The deal closed on February 27, 2026 and was recorded on March 6, 2026. The property has 5,000 square feet of built space and 1,075 square feet of additional air rights for a total buildable of 6,075 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $760 and the price per buildable square foot is $625 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 Max Katz was M. Maximilian Katz . The signatory for Shanti Pharmacy was Milind Suvarnakar . The contract date was October 3, 2025. Seller is owner-occupier Katz Drugs.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has no record that the buyer Shanti Pharmacy had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Max Katz had not purchased any other properties and had not sold any properties over the same time period. The 5,000-square-foot property generated revenue of $318,650 or $64 per square foot, according to the most recent income and expense figures.

The property

The mixed-use building in Williamsburg has 5,000 square feet of built space and 1,075 square feet of additional air rights for a total buildable of 6,075 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 R6 which allows for up to 2.43 times floor area ratio (FAR) for residential. The city-designated market value for the property in 2022 is $1.5 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 $50 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 Williamsburg, The bulk, or 39 percent of the 50.4 million square feet of commercial built space are elevator buildings, with walkup buildings next occupying 25 percent of the space. In sales, Williamsburg has the 6th highest sale turnover among other neighborhoods in the city with $2 billion in sales volume in the last two years. For development, Williamsburg is the 2nd most active neighborhood among other neighborhoods. It had 41.9 million square feet of commercial and multi-family construction under development in the last two years, which represents 83 percent of the neighborhood’s built space. There were 40 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 11 of the 24 commercial properties representing 88,216 square feet of the 139,618 square feet. The largest owner is John Zieran, followed by City Of New York and then Sarah Azrak.
On the tax block, there was one new building construction project filed totaling 5,290 square feet. It is a eight-unit, 5,290 square-foot residential (R-2) building submitted by Yaniv Garbo with plans filed February 4, 2020 and it has not been permitted yet.

The majority, or 34 percent of the 139,618 square feet of built space are walkup buildings, with mixed-use buildings next occupying 30 percent of the space.

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