Tankhouse acquires stake in dev site now valued at $22M in Boerum Hill

Tankhouse and tenant-in-common joint owners affiliated with Anderman Holdings, through the entity Nevins Maxanne LLC (and others) paid $22 million to other affiliates of Anderman Holdings for the office building (O2) at 45-53 Nevins Street with an alternate address at 320 Schermerhorn Street and the adjacent garage building (G7) at 55 Nevins Street in Boerum Hill, Brooklyn. The expected use is ground up development.

Anderman Holdings in 2025 filed plans, B01132136, to demolish 45 Nevins Street, as Crain’s New York reported at the time.
The deal closed on January 28, 2026 and was recorded on February 3, 2026. The two properties have 31,131 square feet of built space and 17,286 square feet of additional air rights for a total buildable of 48,455 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $706 and the price per buildable square foot is $454 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 Anderman Holdings was Deborah Anderman Satnick. The signatory for Tankhouse and Anderman Holdings was Sam Alison-Mayne . The contract date was January 28, 2026. Tankhouse through the entity Nevins Maxanne LLC bought a 35.24% tenant-in-common interest of the properties from the owners, who retain approximately 64 percent in three separate entities.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has no record that the buyer Tankhouse had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Anderman Holdings had not purchased any other properties and had not sold any properties over the same time period. Out of the two properties, one with a total of 31,131 square feet of built space generated revenue of $2.4 million per year.

The property

The office building in Boerum Hill has 31,131 square feet of built space and 17,286 square feet of additional air rights for a total buildable of 48,455 square feet according to a PincusCo analysis of city data. The parcel has frontage of 104 feet and is 120 feet deep with a total lot size of 11,544 square feet. The lot is irregular. The zoning is C6-1 which allows for up to 6 times floor area ratio (FAR) for commercial and up to 3.44 times FAR for residential. The city-designated market value for the property in 2022 is $12.3 million.

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 $2,400 in OATH 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 Boerum Hill, The bulk, or 32 percent of the 9 million square feet of commercial built space are elevator buildings, with mixed-use buildings next occupying 16 percent of the space. In sales, Boerum Hill has 2.2 times the average sales volume among other neighborhoods with $703.1 million in sales volume in the last two years and is the 9th highest in Brooklyn. For development, Boerum Hill has 1.5 times the average amount of major developments relative to other neighborhoods and is the 6th highest in Brooklyn. It had 2.3 million square feet of commercial and multi-family construction under development in the last two years, which represents 26 percent of the neighborhood’s built space.

The block

On the tax block of 45-53 Nevins Street, PincusCo has identified the owners of four of the seven commercial properties representing 20,023 square feet of the 51,154 square feet. The largest owner is Laura Hobgood, followed by Arthur Gabriel and then Raymond Fong Ng.
There are no active new building construction projects on this tax block.

The majority, or 61 percent of the 51,154 square feet of built space are office buildings, with walkup buildings next occupying 39 percent of the space.

The buyer

The PincusCo database currently indicates that Tankhouse owned at least four commercial properties with 71 residential units in New York City with 53,386 square feet and a city-determined market value of $13.8 million. (Market value is typically about 50% of actual value.) The portfolio has $80.8 million in debt, borrowed from Bank Hapoalim. Within the portfolio, the bulk, or 96 percent of the 53,386 square feet of built space are D7 properties, with industrial properties next occupying 4 percent of the space. They are all located in Brooklyn.

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