United Talmudical Academy pays $8.7M to Abraham Berkowitz for dev site in Borough Park

United Talmudical Academy through the entity Friends Of UTS Inc. paid $8.7 million to Abraham Berkowitz through the entity Lev Tov Challenge, Inc. for the property at 1769 53rd Street in Borough Park, Brooklyn.
The deal closed on June 19, 2024 and was recorded on June 28, 2024. The parcel is about 120 feet south of Yeshiva Yagdil Torah.
The signatory for Abraham Berkowitz was Zoltan Berkowitz. The contract date was January 18, 2023. The seller bought the parcel 1769 53rd Street also known as 1768 52nd Street, which is tax lot 32 from which the newly sold portion was removed. This is the the southern, approximately half of the original tax lot. The buyer entity is registered at the address of the United Talmudical Academy Torah Vyirah-Boro Park, with the address 5301 14th Avenue.

Prior sales and revenue

Prior to this transaction, PincusCo has no record that the buyer United Talmudical Academy had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Abraham Berkowitz had not purchased any other properties and had not sold any properties over the same time period.

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.

Direct link to Acris document. link