Yehuda Cohen sells Bed Stuy rental for $3.2M

Townhouse Rental II, L.L.C paid $3.2 million to Yehuda Cohen through the entity 395 Kosciuszko Management LLC for the five-unit rental (C2) at 395 Kosciuszko Street in Bed Stuy, Brooklyn.
The deal closed on November 18, 2021 and was recorded on December 6, 2021.
The property has 3,600 square feet of built space and 2,400 square feet of additional air rights for a total buildable of 6,000 square feet according to PincusCo analysis of city data. The sale price per built square foot is $881 and the price per buildable square foot is $529 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 7, 2019, for $1.6 million.
The signatory for Yehuda Cohen was Yehuda Cohen. The signatory for Townhouse Rental II, L.L.C was Carter Martin.
Over the past five years, there have been 2 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 2 renovation/alteration projects (A2) applied for with a total estimated value of $164,500.
Yehuda Cohen is owner of a portfolio of at least 30 walk-up buildings with approximately 200 residential units, concentrated in Brooklyn, according to PincusCo true owner information. This is at least the third property that Townhouse Rental II has purchased in the past two months in New York City.
The owners according to the Department of Housing Preservation and Development includes Yehuda Cohen, head officer and Yisroel Kanar, site manager. The business entity is 395 Kosciuszko Management Llc.

Within a 400-foot radius of 395 Kosciuszko Street, PincusCo identified two commercial real estate items of interests occurred over the past 24 months.
Of those two items, two were loans above $5 million totaling $22 million. The most recent of the two was Joel Schwartz which borrowed $5.2 million from Bridge City Funding secured by the 8,027-square-foot, 10-unit rental (D1) on 922 Dekalb Avenue on October 22, 2021.

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