Shloime Goldstein pays $11M, signs $10.1M loan, for industrial in Crown Heights

Shloime Goldstein through the entity Dean Street 123 LLC paid $11 million to Baozhu Wu, Alan Mei, Chau Ying Poon, and Ying Fu through the entity Cheung Group 1997 LLC for five industrial building (G9) including 893 Dean Street and 897 Dean Street in Crown Heights, Brooklyn.

At the same time, Shloime Goldstein through the entity Dean Street 123 LLC as borrower signed an acquisition loan with lender Broadview Capital valued at $10.1 million for five industrial properties including the industrial buildings.
The deals closed on January 20, 2026 and were recorded on January 26, 2026. The five properties have 7,083 square feet of built space and 5,617 square feet of additional air rights for a total buildable of 12,702 square feet according to a PincusCo analysis of city data. The loan price per built square foot is $1,429 and the price per buildable square foot is $797 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 Shloime Goldstein was Shloime Goldstein.

Because multiple properties have been transacted, some of the following sections will follow the property with the largest assessed value, which in this case, is the property on 893 Dean Street.

Prior sales, articles and revenue

Out of the five properties, two with a total of 7,083 square feet of built space generated revenue of $126,853 per year.

The property

The industrial building in Crown Heights has 7,083 square feet of built space and 5,617 square feet of additional air rights for a total buildable of 12,702 square feet according to a PincusCo analysis of city data. The parcel has frontage of 38 feet and is 110 feet deep with a total lot size of 4,244 square feet. 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 $431,000.

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 received $18,750 in ECB 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 Crown Heights, The bulk, or 39 percent of the 46.5 million square feet of commercial built space are walkup buildings, with elevator buildings next occupying 36 percent of the space. In sales, Crown Heights has 2.3 times the average sales volume among other neighborhoods with $738.1 million in sales volume in the last two years and is the 7th highest in Brooklyn. For development, Crown Heights has 1.4 times the average amount of major developments relative to other neighborhoods and is the 7th highest in Brooklyn. It had 2.2 million square feet of commercial and multi-family construction under development in the last two years, which represents 5 percent of the neighborhood’s built space. There were two pre-foreclosure suit filed among other industrial buildings in the past 12 months.

The block

On the tax block of 893 Dean Street, PincusCo has identified the owners of five of the 33 commercial properties representing 5,750 square feet of the 63,450 square feet. The largest owner is Nadine N. Oelsner, followed by Clipper Equity and then Black Spruce Management.
On the tax block, there was one new building construction project filed totaling 31,580 square feet. It is a 46-unit, 31,580 square-foot residential (R-2) building submitted by Solomon Schwimmer and filed by Solomon Schwimmer with plans filed December 10, 2021 and permitted March 23, 2022.

The majority, or 71 percent of the 63,450 square feet of built space are industrial buildings, with walkup buildings next occupying 9 percent of the space.

The borrower

The PincusCo database currently indicates that Shloime Goldstein owned at least three commercial properties with 148 residential units in New York City with 93,200 square feet and a city-determined market value of $5.8 million. (Market value is typically about 50% of actual value.) The portfolio has $68.5 million in debt, with top three lenders as Ponce Bank, NorthEast Community Bank, and Valley National Bank respectively. Within the portfolio, the bulk, or 86 percent of the 93,200 square feet of built space are elevator properties, with D9 properties next occupying 14 percent of the space. They are all located in Bronx.

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