Zu Hua Li pays $4M for retail in Bensonhurst

Zu Hua Li through the entity 1857 86th St LLC paid $4 million to Jack Tolin through the entity MJM Realty Associates, Inc. for the retail building (K2) at 1857 86th Street in Bensonhurst, Brooklyn. The expected use is cash flowing.
The deal closed on March 4, 2026 and was recorded on March 26, 2026. The property has 10,200 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $392 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 Jack Tolin was Jack Tolin. The signatory for Zu Hua Li was Zu Hua Li. The contract date was June 20, 2025.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has no record that the buyer Zu Hua Li had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Jack Tolin had not purchased any other properties and had not sold any properties over the same time period. The 10,200-square-foot property generated revenue of $353,226 or $35 per square foot, according to the most recent income and expense figures.

The property

The retail building in Bensonhurst has 10,200 square feet of built space according to a PincusCo analysis of city data. The parcel has frontage of 60 feet and is 100 feet deep with a total lot size of 6,000 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 $1.4 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 $830 in OATH penalties in the last year.

Development

For the tax lot building, it received its initial certificate of occupancy on March 26, 2013. 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 Bensonhurst, The bulk, or 34 percent of the 16.5 million square feet of commercial built space are walkup buildings, with mixed-use buildings next occupying 21 percent of the space. In sales, Bensonhurst has near average sales volume among other neighborhoods with $365.1 million in sales volume in the last two years and is the 20th highest in Brooklyn. For development, Bensonhurst has had very little major development activity relative to other neighborhoods.It had 453,325 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 three of the 27 commercial properties representing 9,995 square feet of the 86,863 square feet. The largest owner is Fei Lin, followed by Gail Patricia Schecter and then Yili Huang.
There are no active new building construction projects on this tax block.

The majority, or 50 percent of the 86,863 square feet of built space are mixed-use buildings, with retail buildings next occupying 34 percent of the space.

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