Sholom Adelman pays $3.2M for 3-story office in Midwood

Sholom Adelman through the entity 1915-1917 Ocean Avenue LLC paid $3.2 million to Gennady Kiselman through the entity 1915 Ocean Avenue, LLC for the property three-story office building at 1915-1917 Ocean Avenue in Midwood, Brooklyn. The expected use is cash flowing.
The deal closed on May 6, 2026 and was recorded on May 12, 2026. The property has 16,500 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $193 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 Gennady Kiselman was Mikhail Litt . The signatory for Sholom Adelman was Sholom Adelman. The contract date was December 25, 2025.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has no record that the buyer Sholom Adelman had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Gennady Kiselman had not purchased any other properties and had not sold any properties over the same time period. The 16,500-square-foot property generated revenue of $734,191 or $44 per square foot, according to the most recent income and expense figures.

The property

The property in Midwood has 16,500 square feet of built space according to a PincusCo analysis of city data. The parcel has a total lot size of 16,500 square feet. The city-designated market value for the property in 2022 is $3.6 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 not received any significant violations 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 block

On this tax block, PincusCo has identified the owners of three of the 10 commercial properties representing 139,572 square feet of the 318,884 square feet. The largest owner is Daniel Benedict, followed by Parkoff Organization and then Rachel Betesh.
There are no active new building construction projects on this tax block.

The majority, or 79 percent of the 318,884 square feet of built space are elevator buildings, with walkup buildings next occupying 15 percent of the space.

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