Zion Church pays $3.3M for industrial in Sunset Park

Zion Church through the entity Zion Collective Inc. paid $3.3 million to David Burns and Lance J. Burns through the entity Ladabu Realty LLC for the industrial building (E9) at 226 52nd Street in Sunset Park, Brooklyn. The expected use is owner-occupied.
The deal closed on January 20, 2026 and was recorded on January 28, 2026. The property has 7,400 square feet of built space for a total buildable of 7,400 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $445 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 July 10, 2015, for $2 million. The signatory for David Burns and Lance J. Burns was David Burns. The signatory for Zion Church  was its pastor Justin Mattera . The contract date was August 1, 2025.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has no record that the buyer Zion Church had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller David Burns had not purchased any other properties and had not sold any properties over the same time period. The 7,400-square-foot property generated revenue of $206,968 or $28 per square foot, according to the most recent income and expense figures.

The property

The industrial building in Sunset Park has 7,400 square feet of built space for a total buildable of 7,400 square feet according to a PincusCo analysis of city data. The parcel has frontage of 37 feet and is 100 feet deep with a total lot size of 3,700 square feet. The zoning is M1-2D which allows for up to 2 times floor area ratio (FAR) for manufacturing The city-designated market value for the property in 2022 is $592,000.

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 Sunset Park, The bulk, or 30 percent of the 35 million square feet of commercial built space are industrial buildings, with specialty buildings next occupying 26 percent of the space. In sales, Sunset Park has near average sales volume among other neighborhoods with $359.1 million in sales volume in the last two years and is the 19th highest in Brooklyn. For development, Sunset Park has had very little major development activity relative to other neighborhoods.It had 890,506 square feet of commercial and multi-family construction under development in the last two years, which represents 3 percent of the neighborhood’s built space.

The block

On this tax block, PincusCo has identified the owners of four of the 28 commercial properties representing 13,387 square feet of the 169,395 square feet. The two identified owners are Arshad Realty Corp. and Michael Coleman.
On the tax block, there was one new building construction project filed totaling zero square feet. It is a 74 building submitted by Michael Coleman with plans filed February 10, 2025 and permitted June 4, 2025.

The majority, or 92 percent of the 169,395 square feet of built space are industrial buildings, with specialty buildings next occupying 8 percent of the space.

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