William Yagoda pays $6.2M for 11-unit walkup in Williamsburg

William Yagoda through the entity N9th LLC paid $6.2 million to David Winter and Arthur Heiserman through the entity 167 North Ninth Street Corp. for the 11-unit residential walkup building (C7) at 167 North 9th Street in Williamsburg, Brooklyn. The expected use is cash flowing.
The deal closed on May 19, 2025 and was recorded on May 27, 2025. The property has 22,960 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $272 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 David Winter and Arthur Heiserman was Arthur Heiserman. The signatory for William Yagoda was William Yagoda. The contract date was April 4, 2025.
William Yagoda financed the purchase with a $5.5 million loan from Hirshmark Capital.

Prior sales and revenue

Prior to this transaction, PincusCo has no record that the buyer William Yagoda had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller David Winter had not purchased any other properties and had not sold any properties over the same time period. The 22,960-square-foot property generated revenue of $518,332 or $23 per square foot, according to the most recent income and expense figures.

The property

The residential walkup building with 11 residential units in Williamsburg has 22,960 square feet of built space according to a PincusCo analysis of city data. The parcel has frontage of 70 feet and is 100 feet deep with a total lot size of 7,000 square feet. The zoning is M1-2/R6A which allows for up to 2 times floor area ratio (FAR) for manufacturing and up to 3 times FAR for residential with inclusionary housing. The city-designated market value for the property in 2022 is $3 million. The most recent loan totaled 0.0 and was provided by Hirshmark Capital on December 12, 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 $400 in OATH penalties in the last year.

The block

On this tax block, PincusCo has identified the owners of three of the nine commercial properties representing 139,617 square feet of the 187,076 square feet. The largest owner is Morty J. Yashar, followed by David Winter and then Joel Schwartz.
On the tax block, there were three new building construction projects totaling 15,398 square feet. The largest is a eight-unit, 5,393 square-foot residential (R-2) building submitted by Yisroel Greenfeld with plans filed January 12, 2021 and permitted October 3, 2022. The second largest is a eight-unit, 5,334 square-foot residential (R-2) building submitted by Yisroel Greenfeld and filed by Yisroel Greenfeld with plans filed March 27, 2023 and permitted January 3, 2025.

The majority, or 86 percent of the 187,076 square feet of built space are mixed-use buildings, with walkup buildings next occupying 12 percent of the space.

The seller

The PincusCo database currently indicates that David Winter owned at least one commercial property with 11 residential units in New York City with 22,960 square feet and a city-determined market value of $2.9 million. (Market value is typically about 50% of actual value.) The portfolio consists of at least a single walkup property. It is located in Brooklyn.

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