Yechezkel Halberstam pays $2.0M to Glen Bessner for retail building in Gravesend

Yechezkel Halberstam through the entity 255 Street Equities LLC paid $2.0 million to Glen Bessner through the entity 255-257 Kings Highway LLC for retail building (K1) at 255 Kings Highway in Gravesend, Brooklyn.
The deal closed on August 11, 2021 and was recorded on August 30, 2021.
The property has 3,875 square feet of built space and 11,490 square feet of additional air rights for a total buildable of 15,372 square feet according to PincusCo analysis of city data. The sale price per built square foot is $516 and the price per buildable square foot is $130 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 Glen Bessner was Glen Bessner. The signatory for Yechezkel Halberstam was Yechezkel Halberstam.
Over the past five years, there have been 3 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 3 renovation/alteration projects (A2) applied for with a total estimated value of $10,500.
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