Vasilika Hida pays $2.5M for 16-unit walkup in Bensonhurst

Vasilika Hida through the entity 1570 66th Street LLC paid $2.5 million to Joseph Cavalcante through the entity One Smile, LLC for the 16-unit residential walkup building (C1) at 1570 66th Street in Bensonhurst, Brooklyn. The expected use is cash flowing.
The deal closed on December 2, 2025 and was recorded on December 17, 2025. The property has 10,720 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $233 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 June 30, 2014, for $2.3 million. The signatory for Joseph Cavalcante was Joseph Cavalcante. The signatory for Vasilika Hida was Vasilika Hida. The contract date was September 5, 2025.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has no record that the buyer Vasilika Hida had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Joseph Cavalcante had not purchased any other properties and had not sold any properties over the same time period. The former owners according to the Department of Housing Preservation and Development includes Michael Niamonitakis, head officer and James Dimitriades, officer. The business entity is One Smile. Llc. The 10,720-square-foot property generated revenue of $252,097 or $24 per square foot, according to the most recent income and expense figures.

The property

The residential walkup building with 16 residential units in Bensonhurst has 10,720 square feet of built space according to a PincusCo analysis of city data. The parcel has frontage of 40 feet and is 100 feet deep with a total lot size of 4,020 square feet. The zoning is R5 which allows for up to 1.25 times floor area ratio (FAR) for residential. The city-designated market value for the property in 2022 is $731,000. The property has 16 rent regulated units according to city tax records from 2024.

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 received $100 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 block

On this tax block, PincusCo has identified the owners of one of the four commercial properties representing 10,720 square feet of the 29,128 square feet. The identified owner is Meridian Properties.
There are no active new building construction projects on this tax block.

The majority, or 43 percent of the 29,128 square feet of built space are industrial buildings, with walkup buildings next occupying 37 percent of the space.

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