Civic Builders, which funds and builds school buildings for charter school networks, has purchased a 28,000-square-foot school building at 720 Livonia Avenue in New Lots for $ 11.5 million. David Umansky, CEO of Civic Builders, signed the buyer limited liability company Civic Saratoga.
The building was last bought for $ 4.9 million in 2015 by two limited liability companies consisting of a controversial property number Chaskiel Strulowitz (also known as Cheskel Strulovitch). Civil engineers bought the building at auction after the creditor opened bankruptcy against Strulowitz in 2019.
Brain reported In 2012, when Strulowitz began buying properties in North Brooklyn more than 20 years ago, it leased a three-story former speaker factory on the waterfront in Williamsburg in 1998 and converted it into 46 loft apartments.
The Livonia Avenue deal was the only investment sale recorded in New York last week between $ 10 million and $ 30 million, although the land adjacent to the LaGuardia Marriott Hotel sold for $ 17 million under a $ 100 million hotel alone agreement. IN a week before, two such revenues totaling $ 34.2 million were recorded.