Z Capital pays $2.8M for mixed-use in Cypress Hills

Israel Z. Babayev of Z Capital paid $2.8 million for four adjacent mixed-use buildings at 150 to 158 Crescent Street in Cypress Hills, Brooklyn, in four separate transactions.

In the first, Z Capital through the entity Z Capital 158 LLC paid $0.7 million to William Shannon and Daniel Garthaffner through the entity Dfg Realty LLC for the two-unit mixed-use building (S2) at 158 Crescent Street in Cypress Hills, Brooklyn. The expected use is cash flowing.
The deal closed on December 30, 2025 and was recorded on January 8, 2026. The property has 2,720 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $257 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 February 4, 2021, for $500,000.
In the second, Z Capital through the entity Z Capital 152 LLC paid $0.7 million to William Shannon and Daniel Garthaffner through the entity Dfg Realty Mm LLC for the two-unit mixed-use building (S2) at 152 Crescent Street in Cypress Hills, Brooklyn. The expected use is cash flowing.
The deal closed on December 30, 2025 and was recorded on January 8, 2026. The property has 2,720 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $257 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 February 22, 2023, for $500,000.

In the third, Z Capital through the entity Z Capital 154 LLC paid $0.7 million to William Shannon and Daniel Garthaffner through the entity Dfg Realty LLC for the two-unit mixed-use building (S2) at 154 Crescent Street in Cypress Hills, Brooklyn. The expected use is cash flowing.
The deal closed on December 30, 2025 and was recorded on January 9, 2026. The property has 2,720 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $257 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 February 4, 2021, for $500,000.
In the fourth, Z Capital through the entity Z Capital 150 LLC paid $0.7 million to William Shannon and Daniel Garthaffner through the entity Dfg Realty Mm LLC for the two-unit mixed-use building (S2) at 150 Crescent Street in Cypress Hills, Brooklyn. The expected use is cash flowing.
The deal closed on December 30, 2025 and was recorded on January 9, 2026. The property has 2,720 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $257 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 February 22, 2023, for $500,000.

The signatory for William Shannon and Daniel Garthaffner was Anthony Castellano. The signatory for Z Capital was Israel Z. Babayev .

Prior sales, articles and revenue

Prior to this transaction, PincusCo has no record that the buyer Z Capital had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller William Shannon had not purchased any other properties and had not sold any properties over the same time period.

The property

The mixed-use building with 2 residential units in Cypress Hills has 2,720 square feet of built space according to a PincusCo analysis of city data. The parcel has frontage of 20 feet and is 96 feet deep with a total lot size of 1,930 square feet. The zoning is R5 which allows for up to 1.25 times floor area ratio (FAR) for residential. The city-designated market value for the property in 2022 is $682,000.

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 not received any significant violations 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 neighborhood

In Cypress Hills, The bulk, or 24 percent of the 8.6 million square feet of commercial built space are mixed-use buildings, with specialty buildings next occupying 20 percent of the space. In sales, Cypress Hills has had very little sales volume relative to other neighborhoods with $115.2 million in sales volume in the last two years. For development, Cypress Hills has near average amount of major developments among other neighborhoods and is the 15th highest in Brooklyn. It had 1.3 million square feet of commercial and multi-family construction under development in the last two years, which represents 15 percent of the neighborhood’s built space. There was one pre-foreclosure suit filed among other mixed-use buildings in the past 12 months.

The block

On this tax block, PincusCo has identified the owners of three of the 12 commercial properties representing 14,175 square feet of the 52,696 square feet. The largest owner is Zheng Jianhui, followed by Pedro Nomberto and then Samwarumonohar.
There are no active new building construction projects on this tax block.

The majority, or 53 percent of the 52,696 square feet of built space are walkup buildings, with mixed-use buildings next occupying 47 percent of the space.

Direct link to Acris document. link
Direct link to Acris document. link
Direct link to Acris document. link
Direct link to Acris document. link