Xiao Dong Bao pays $2.9M for 16-unit walkup in Sunset Park

Xiao Dong Bao through the entity Our Bk Home LLC paid $2.9 million to Eddie E. Natal through the entity Natal, Eddie E for the 16-unit residential walkup building (C1) at 719 58th Street in Sunset Park, Brooklyn. The expected use is cash flowing.
The deal closed on November 12, 2025 and was recorded on November 18, 2025. The property has 11,360 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $255 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 Eddie E. Natal was Eddie E. Natal. The signatory for Xiao Dong Bao was Xiao Dong Bao. The contract date was March 3, 2025.

Prior sales and revenue

Prior to this transaction, PincusCo has no record that the buyer Xiao Dong Bao had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Eddie E. Natal 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 Eddie Natal, individual owner and Elizabeth Natal, site manager. The 11,360-square-foot property generated revenue of $262,643 or $23 per square foot, according to the most recent income and expense figures.

The property

The residential walkup building with 16 residential units in Sunset Park has 11,360 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 4,007 square feet. The zoning is R6B which allows for up to 2 times floor area ratio (FAR) for residential with inclusionary housing. The city-designated market value for the property in 2022 is $953,000. The property has 16 rent regulated units according to city tax records from 2023.

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 one DOB violation, one housing violation, and $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 eight of the 30 commercial properties representing 35,315 square feet of the 131,328 square feet. The largest owner is Jian Chen (938), followed by Fay Leung and then Vincenzo Alaimo.
On the tax block, there were four new building construction projects totaling 15,917 square feet. The largest is a two-unit, 4,005 square-foot residential (R-3) building submitted by Xiao Hong Zhu with plans filed January 26, 2017 and permitted October 12, 2017. The second largest is a four-unit, 4,002 square-foot residential (R-2) building submitted by Bing Qing Zheng with plans filed February 20, 2019 and permitted August 27, 2021.

The majority, or 74 percent of the 131,328 square feet of built space are mixed-use buildings, with walkup buildings next occupying 17 percent of the space.

The seller

The PincusCo database currently indicates that Eddie E. Natal owned at least one commercial property with 16 residential units in New York City with 11,360 square feet and a city-determined market value of $1.1 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.

The buyer

The PincusCo database currently indicates that Xiao Dong Bao owned at least one commercial property with eight residential units in New York City with 6,400 square feet and a city-determined market value of $1.1 million. (Market value is typically about 50% of actual value.) The portfolio consists of at least a single walkup property. It is located in Queens.

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