Yosef Rabinowitz pays $11M to David Manheimer for multifamily property in Williamsburg

Yosef Rabinowitz through the entity 39 Ainslie Property Owner LLC paid David Manheimer’s 39 Ainslie Street, LLC $11 million for 45 Ainslie Street in Williamsburg. The deal closed on February 21, 2020, and was recorded on March 2, 2020. The transaction consists of 1 parcel, including the tax class multifamily, more than six families with stores (C7) and containing 10 residential units. The property is 20,000 square feet. The parcel(s) have total development potential of 20,000 square feet.
The average sale price per square foot is $550.

The last time the property sold was April 1, 2015, for $7,000,000.

Over the past five years, there have been 5 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 5 renovation/alteration projects (A2) applied for with a total estimated value of $760,990.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link