Townhouse Rental II pays $10.5M for 3 walk-ups in Bushwick, Ridgewood

The anonymous entity Townhouse Rental II paid $10.5 million to two separate sellers in three separate transactions for three walk-up buildings with a total of 16 units in Bushwick, Brooklyn, and Ridgewood, Queens. Prior to these transactions, the entity Townhouse Rental II, LLC acquired seven walk-up properties in Brooklyn and Queens for $19.4 million.

In the first, Townhouse Rental II, LLC paid $4.1 million to Dorothea Donelan-Avery through the entity Node Brooklyn Weirfield, Lp for six-unit rental (C2) at 352 Weirfield Street in Bushwick, Brooklyn.
The deal closed on December 22, 2021 and was recorded on January 5, 2022.
The property has 4,367 square feet of built space and 500 square feet of additional air rights for a total buildable of 4,860 square feet according to PincusCo analysis of city data. The sale price per built square foot is $936 and the price per buildable square foot is $841 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 seller bought the property on September 9, 2015, for $995,000.
The signatory for Dorothea Donelan-Avery was Rosemary Hayden. The signatory for Townhouse Rental II, LLC was Carter Martin.
(321190607)The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building with 6 residential units on February 23, 2018.
These properties were affiliated with the co-living company Node and the seller was a co-founder and managing partner of the company according to her LinkedIn, but it not currently represented on the Node “team” page.
The owners according to the Department of Housing Preservation and Development includes Dorothea Donelan-Avery, head officer and Gorav Khanna, shareholder. The business entity is Node Brooklyn Weirfield Lp.

Direct link to Acris document. link

In the second transaction, Townhouse Rental II, LLC paid $3.9 million to Dorothea Donelan-Avery through the entity Node Brooklyn St Nick, Lp for six-unit rental (C2) at 163 St Nicholas Avenue in Bushwick, Brooklyn.
The deal closed on December 22, 2021 and was recorded on January 5, 2022.
The property has 3,901 square feet of built space and 468 square feet of additional air rights for a total buildable of 4,374 square feet according to PincusCo analysis of city data. The sale price per built square foot is $1,007 and the price per buildable square foot is $898 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 seller bought the property on February 5, 2015, for $1.2 million.
The signatory for Dorothea Donelan-Avery was Rosemary Hayden. The signatory for Townhouse Rental II, LLC was Carter Martin.
(321176437)The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building with 6 residential units on December 8, 2017.
The owners according to the Department of Housing Preservation and Development includes Dorothea Donelan-Avery, head officer and Gorav Khanna, shareholder. The business entity is Node Brooklyn St Nick Lp.

Direct link to Acris document. link

In the third, Townhouse Rental II, LLC, paid $2.5 million to CW Realty through the entity 1879 Linden LLC for four-unit four-family building (C3) at 18-79 Linden Street in Ridgewood, Queens.
The deal closed on December 21, 2021 and was recorded on January 5, 2022.
The property has 2,750 square feet of built space and 625 square feet of additional air rights for a total buildable of 3,375 square feet according to PincusCo analysis of city data. The sale price per built square foot is $909 and the price per buildable square foot is $740 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 seller bought the property on November 24, 2014, for $1.1 million.
The signatory for CW Realty was Perl Weisz. The signatory for Townhouse Rental II, L.L.C. was Carter Martin.

The address of the seller LLC is associated with CW Realty. 
The owners according to the Department of Housing Preservation and Development includes Perl Weisz, head officer and Abraham Weiner, agent. The business entity is 1879 Linden Llc.

Direct link to Acris document. link