Shimon Kleinman of Borough Developers files plans for 99 units in Park Slope

Shimon Kleinman, of Borough Developers submitted a new building construction project for a 99-unit, 88,943 square-foot residential (R-2) building at 67 4th Avenue in Park Slope, Brooklyn. The plan was filed with the New York City Department of Buildings on July 15, 2025 under job number B01249173. It calls for the construction of a 14-story building. The project is described in the filing as: proposed 14-story and cellar mixed use building. The project is being constructed on a 7,932-square-foot, five-parcel development site. The architect is Kao Hwa Lee Architects.

67 4th Avenue

Prior sales and revenue

At least a portion of the site was purchased for $3.9 million on March 15, 2022.

Violations and lawsuits

According to city public data, the property has received $700 in OATH penalties in the last year.

There were no lawsuits or bankruptcies filed against the property for the past 24 months.

The neighborhood

In Park Slope, The bulk, or 36 percent of the 9.8 million square feet of commercial built space are walkup buildings, with mixed-use buildings next occupying 26 percent of the space. In sales, Park Slope has near average sales volume among other neighborhoods with $741.5 million in sales volume in the last two years and is the 6th highest in Brooklyn. For development, Park Slope has near average amount of major developments among other neighborhoods and is the 17th highest in Brooklyn. It had 1 million square feet of commercial and multi-family construction under development in the last two years, which represents 10 percent of the neighborhood’s built space.

The block

On this tax block, PincusCo has identified the owners of nine of the 22 commercial properties representing 36,691 square feet of the 83,491 square feet. The largest owner is Joel Schwartz, followed by Joseph Merola Jr. and then Roberto Alfonso. On the tax block, there was one new building construction project filed totaling 88,943 square feet. It is a 99-unit, 88,943 square-foot residential (R-2) building submitted by Borough Developers and filed by Shimon Kleinman with plans filed July 15, 2025 and it has not been permitted yet.

The owner

The PincusCo database currently indicates that United Elite Group owned at least 10 commercial properties with 78 residential units in New York City with 32,517 square feet and a city-determined market value of $14.5 million. (Market value is typically about 50% of actual value.) The portfolio has $30.5 million in debt, borrowed from Colorado Federal Savings Bank and Castellan Capital. Within the portfolio, the bulk, or 66 percent of the 32,517 square feet of built space are mixed-use properties, with retail properties next occupying 26 percent of the space. They are all located in Brooklyn.

The owners according to the Department of Housing Preservation and Development includes Lilly Eng, head officer and Joanne Gay, officer. The business entity is 67 Fourth Place Llc.

The surrounding

Within a 400-foot radius of 67 4 Avenue, PincusCo identified five commercial real estate items of interests occurred over the past 24 months. Of those five items, one was in new building development. It was a new building permit issued on September 25, 2024 for a 132,409-square-foot residential (R-2) building with 193 residential units at 85 4th Avenue. One of those five items was a sale which Ben-Josef Group Holdings bought the zero-square-foot, 30-unit rental (D7) on 82 4th Avenue for $20 million from Abraham Posner on July 10, 2024. Of those five items, three were loans above $5 million totaling $59.5 million. The most recent of the three was Harry Einhorn in which borrowed $25 million from Be Aviv secured by the 5,672-square-foot development site (V1) on 97 4th Avenue and eight other properties on October 15, 2024.

Direct link to the property’s ACRIS page and link to DOB NOW portal.