Shlomo Kubitshuk pays $4.1M for two Mendel Gold Bushwick walkups in bankruptcy

Shlomo Kubitshuk through the entity Stockholm St Prop LLC paid $4.1 million in a bankruptcy process for the eight-unit walkup (C1) at 83 Stockholm Street and the eight-unit walkup (C1) at 81 Stockholm Street in Bushwick, Brooklyn. The expected use is cash flowing. The former owner was to Mendel Gold through the entity 81 Stockholm Group LLC, who lost them following a bankruptcy.
The deal closed on February 26, 2026 and was recorded on March 20, 2026. The two properties have 11,474 square feet of built space and 675 square feet of additional air rights for a total buildable of 12,150 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $357 and the price per buildable square foot is $337 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 Mendel Gold was Mendel Gold. The signatory for Shlomo Kubitshuk was Shlomo Kubitshuk. The contract date was December 15, 2025. This sale was through the US Bankruptcy Court Eastern District of New York, case 24-42846.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has no record that the buyer Shlomo Kubitshuk had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Mendel Gold had not purchased any other properties and sold three properties in three transactions for a total of $8.4 million over the same time period. The former owners according to the Department of Housing Preservation and Development includes Barton Schwartz, head officer and John Catalic, agent. The business entities are New York City Mgmt Llc and Barton Schwartz As Receiver.

The property

The residential walkup building with 8 residential units in Bushwick has 11,474 square feet of built space and 675 square feet of additional air rights for a total buildable of 12,150 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 $1.1 million.

Violations and lawsuits

The properties were involved in zero lawsuits and one bankruptcy over the past two years. The bankruptcy was filed on March 28, 2025, by Mendel Gold citing assets of $21 million. In addition, according to city public data, the properties have received $1,550 in OATH penalties in the last year.

Development

For the tax lot buildings, two out of the two buildings received a initial certificate of occupancy in the last ten years. There are no active new building construction projects or major alteration projects with initial costs more than $1 million on this tax lot.

The block

On the tax block of 81 Stockholm Street, PincusCo has identified the owners of nine of the 20 commercial properties representing 50,621 square feet of the 130,500 square feet. The largest owner is Mendel Gold, followed by Riseboro Community Partnership and then B&R Management.
On the tax block, there were four new building construction projects totaling 36,512 square feet. The largest is a 20-unit, 15,591 square-foot residential (R-2) building submitted by Rona Reodica with plans filed June 13, 2019 and permitted April 19, 2024. The second largest is a 13-unit, 9,287 square-foot residential (R-2) building submitted by Martin Pearl with plans filed October 29, 2020 and it has not been permitted yet.

The majority, or 81 percent of the 130,500 square feet of built space are walkup buildings, with office buildings next occupying 10 percent of the space.

The seller

The PincusCo database currently indicates that Mendel Gold owned at least 18 commercial properties with 138 residential units in New York City with 141,006 square feet and a city-determined market value of $26.7 million. (Market value is typically about 50% of actual value.) The portfolio has $7.8 million in debt, borrowed from Arbor Realty Trust. Within the portfolio, the bulk, or 58 percent of the 141,006 square feet of built space are walkup properties, with mixed-use properties next occupying 27 percent of the space. They are all located in Brooklyn.

The buyer

The PincusCo database currently indicates that Shlomo Kubitshuk owned at least one commercial property with six residential units in New York City with 4,500 square feet and a city-determined market value of $898,000. (Market value is typically about 50% of actual value.) The portfolio consists of at least a single walkup property. It is located in Brooklyn.

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