Sinai Sassouni pays $2.9M to David Shaulian for new 8-unit rental in Bushwick

Sinai Sassouni through the entity 522 Evergreen Partners LLC paid $2.9 million to David Shaulian through the entity Hen Hawk NY LLC for the eight-unit rental (C1) at 522 Evergreen Avenue in Bushwick, Brooklyn.
The deal closed on August 5, 2021 and was recorded on August 23, 2021.
The property has 7,785 square feet of built space and 0 square feet of additional air rights for a total buildable of 6,147 square feet according to PincusCo analysis of city data. The sale price per built square foot is $375 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 David Shaulian was David Shaulian. The signatory for Sinai Sassouni was Sinai Sassouni.
(320624570)The DOB issued a new construction (NB) initial temporary certificate of occupancy for the building with 8 residential units on October 19, 2020. (320624570) Plans for a 8-unit, 5,255 square-foot R-2 were filed on April 14, 2015 and were permitted on April 13, 2018.
The contract date was April 22, 2021.
The former owner according to the Department of Housing Preservation and Development was David Shavolian, head officer. The business entity was Hen Hawk Ny Llc.

Within a 400-foot radius of 522 Evergreen Avenue, PincusCo identified one commercial real estate item of interests occurred over the past 24 months.
It was an initial temporary certificate of occupancy issued on December 11, 2020 for the $1.0 million renovation of 4,151-square-foot R-2 building with six residential units at 471 Evergreen Avenue.

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