Yitzchok Schwartz files plans for 10 units in Bedford Stuyvesant

Yitzchok Schwartz submitted a new building construction project for a 10-unit, 18,129-square-foot residential (R-2) building at 599 Willoughby Avenue in Bedford Stuyvesant, Brooklyn. The plan was filed on May 1, 2026. It calls for the construction of a 55-foot-tall, five-story building and was filed with the New York City Department of Buildings under job number B01391600. The project is described in the filing as: proposed five-story new residential building. The applicant is the Professional Engineer Mohammad Ahead of Mohammad Ahead – PE, PLLC

599 Willoughby Avenue

Prior sales, articles and revenue

This property was sold by Chaskel Strulovitch for $4.7 million to Yitzchok Schwartz on February 2, 2026.

The neighborhood

In Bedford Stuyvesant, The bulk, or 35 percent of the 54.8 million square feet of commercial built space are elevator buildings, with walkup buildings next occupying 29 percent of the space. In sales, Bedford Stuyvesant has near average sales volume among other neighborhoods with $1.3 billion in sales volume in the last two years and is the 2nd highest in Brooklyn. For development, Bedford Stuyvesant has near average amount of major developments among other neighborhoods and is the 3rd highest in Brooklyn. It had 3.2 million square feet of commercial and multi-family construction under development in the last two years, which represents 6 percent of the neighborhood’s built space.

The block

On this tax block, PincusCo has identified the owners of 14 of the 16 commercial properties representing 108,481 square feet of the 121,422 square feet. The largest owner is Benjamin Mehrel, followed by City Of New York and then ELH Mgmt.
On the tax block, there was one new building construction project filed totaling 11,992 square feet. It is a 10-unit, 11,992 square-foot residential (R-2) building submitted by Yitzchok Schwartz and filed by Yitzchok Schwartz with plans filed May 1, 2026 and it has not been permitted yet.

The Owner

The PincusCo database currently indicates that Yitzchok Schwartz owned at least 24 commercial properties with 428 residential units in New York City with 535,815 square feet and a city-determined market value of $86.8 million. (Market value is typically about 50% of actual value.) The portfolio has $503 million in debt, with top three lenders as G4 Capital Partners, PGIM Real Estate, and Greystone & Co. respectively. Within the portfolio, the bulk, or 65 percent of the 535,815 square feet of built space are elevator properties, with industrial properties next occupying 19 percent of the space. The bulk, or 89 percent of the built space, is in Brooklyn, with Queens next at 11 percent of the space.

The surrounding

Within a 400-foot radius of 599 Willoughby Avenue, PincusCo identified one commercial real estate item of interests occurred over the past 24 months.
It was a loan which Sam Rubin borrowed $8 million from Goldman Sachs secured by the 17,920-square-foot, 24-unit rental (D7) on 924 Myrtle Avenue on November 14, 2025.

Direct link to the property ACRIS page and link to DOB NOW portal.