Windsor Terrace Apartment Building Sells for $17.5M


101 Ocean Parkway.
101 Ocean Parkway.

An apartment building in the Windsor Terrace neighborhood of Brooklyn has sold for $17.5 million, according to property records. The sale of the property, at 101 Ocean Parkway and adjacent to Kermit Place, closed July 31 and was recorded with the city last Friday.

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The purchaser, whose address is stated as that of BCB Property Management at 27 Union Square West, is comprised of three LLCs with a tenancy in common, property records further state. BCB declined to comment on the transaction.

BCB was founded in 2008 by Debrah Lee Charatan and Bennat Charatan Berger and “works from conception to completion, handling development, investment, construction, and management,” according to the company’s website.

The seller, 101 Ocean LLC, includes managing members Mark Fessel of James Development and Paul Klausner of Continuum Development Corp., Mr. Klausner said.

“We have held the property since 2008, and felt it was the right time to sell,” Mr. Klausner said.

The 77,400-square-foot building, in close proximity to Prospect Park, was built in 1935 and consists of 60 residential units, PropertyShark indicates.

Sierra Real Estate manages the property, according to the company’s website.