Yitzchok Lebowitz pays $2.4M for 3-family in Bedford Stuyvesant

Yitzchok Lebowitz through the entity 209 Skillman Place LLC paid $2.4 million to Pablo Cedeno for the three-unit building (C0) at 209 Skillman Street in Bedford Stuyvesant, Brooklyn. The expected use is cash flowing.
The deal closed on May 14, 2026 and was recorded on June 15, 2026. The property has 2,520 square feet of built space and 1,237 square feet of additional air rights for a total buildable of 3,750 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $932 and the price per buildable square foot is $626 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 Pablo Cedeno was Pablo Cedeno. The signatory for Yitzchok Lebowitz was Yitzchok Lebowitz. The contract date was December 12, 2025.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has records that the buyer Yitzchok Lebowitz purchased one property in one transaction for a total of $5.1 million and has no record it sold any properties over the past 24 months.
The seller Pablo Cedeno 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 Dora Arroyo, head officer and Carmen Ortiz, officer.

The property

The 1-4 family building with 3 residential units in Bedford Stuyvesant has 2,520 square feet of built space and 1,237 square feet of additional air rights for a total buildable of 3,750 square feet according to a PincusCo analysis of city data. The parcel has frontage of 18 feet and is 100 feet deep with a total lot size of 1,875 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 $2.1 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 received $1,010 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 five of the 20 commercial properties representing 46,435 square feet of the 105,553 square feet. The largest owner is New York Therapeutic Communities , followed by Menachem M. Deutsch and then Hershel Silberstein.
On the tax block, there were two new building construction projects totaling 34,408 square feet. The largest is a 33-unit, 22,993 square-foot residential (R-2) building submitted by Isaac Broyn with plans filed June 15, 2020 and it has not been permitted yet. The second largest is a 14-unit, 11,415 square-foot residential (R-2) building submitted by Isaac Broyn with plans filed January 14, 2021 and it has not been permitted yet.

The majority, or 25 percent of the 105,553 square feet of built space are mixed-use buildings, with walkup buildings next occupying 24 percent of the space.

The buyer

The PincusCo database currently indicates that Yitzchok Lebowitz owned at least three commercial properties with 32 residential units in New York City with 26,573 square feet and a PincusCo-determined asset value of $10.4 million. The portfolio has $4 million in debt, borrowed from S3 Capital . Within the portfolio, all identified are walkup properties. The bulk, or 82 percent of the built space, is in Brooklyn, with Queens next at 17 percent of the space.

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