Wilbee Corporation pays $5.8M to RYCO Capital for 5-unit walkup in Park Slope

Wilbee Corporation through the entity Wmc II LLC paid $5.8 million to RYCO Capital through the entity Keystone 913 Union LLC for the five-unit residential walkup building (C5) at 913 Union Street in Park Slope, Brooklyn. The expected use is cash flowing.
The deal closed on January 30, 2026 and was recorded on February 6, 2026. The property has 4,449 square feet of built space and 954 square feet of additional air rights for a total buildable of 5,400 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $1,292 and the price per buildable square foot is $1,064 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 August 11, 2022, for $3.9 million. The signatory for RYCO Capital was James D. Ryan . The signatory for Wilbee Corporation was Maxwell Kaestner . The contract date was December 9, 2025.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has no record that the buyer Wilbee Corporation had purchased any other properties and sold one property in one transaction for a total of $17.7 million over the past 24 months.
The seller RYCO Capital purchased 10 properties in eight transactions for a total of $142.2 million and sold six properties in five transactions for a total of $65 million over the same time period. The former owners according to the Department of Housing Preservation and Development includes Shane Rajcooar, head officer and Gustavo Ruiz, site manager. The business entity is Keystone 913 Union Llc.

The property

The residential walkup building with 5 residential units in Park Slope has 4,449 square feet of built space and 954 square feet of additional air rights for a total buildable of 5,400 square feet according to a PincusCo analysis of city data. The parcel has frontage of 20 feet and is 90 feet deep with a total lot size of 1,800 square feet. The zoning is R7B which allows for up to 3 times floor area ratio (FAR) for residential. The property is in the Park Slope Historic District. The city-designated market value for the property in 2022 is $2.6 million.

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.

The block

On this tax block, PincusCo has identified the owners of seven of the 18 commercial properties representing 36,449 square feet of the 107,057 square feet. The largest owner is Debrah Lee Charatan, followed by Gibraltar Management and then Barbara Mosconi.
There are no active new building construction projects on this tax block.

The majority, or 50 percent of the 107,057 square feet of built space are walkup buildings, with mixed-use buildings next occupying 35 percent of the space.

The seller

The PincusCo database currently indicates that RYCO Capital owned at least 20 commercial properties with 275 residential units in New York City with 267,417 square feet and a city-determined market value of $140.1 million. (Market value is typically about 50% of actual value.) Within the portfolio, the bulk, or 49 percent of the 267,417 square feet of built space are walkup properties, with mixed-use properties next occupying 26 percent of the space. The bulk, or 96 percent of the built space, is in Manhattan, with Brooklyn next at 4 percent of the space.

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