{"id":274955,"date":"2026-06-23T06:38:20","date_gmt":"2026-06-23T06:38:20","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/274955\/"},"modified":"2026-06-23T06:38:20","modified_gmt":"2026-06-23T06:38:20","slug":"kosher-grocer-bingo-wholesale-buys-50m-dev-site-in-bed-stuy-commercial-observer","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/274955\/","title":{"rendered":"Kosher Grocer Bingo Wholesale Buys $50M Dev Site in Bed-Stuy \u2013 Commercial Observer"},"content":{"rendered":"<p>Popular kosher grocery chain <a href=\"https:\/\/commercialobserver.com\/company\/bingo-wholesale\/\" title=\"Bingo Wholesale\" class=\"company-link\" rel=\"nofollow noopener\" target=\"_blank\">Bingo Wholesale<\/a> is expanding its Brooklyn footprint into Bedford-Stuyvesant.\u00a0<\/p>\n<p>Bingo\u2019s holding company, <a href=\"https:\/\/commercialobserver.com\/company\/norworth-holdings\/\" title=\"Norworth Holdings\" class=\"company-link\" rel=\"nofollow noopener\" target=\"_blank\">Norworth Holdings<\/a>, carried out a $50 million acquisition across three industrial property transactions along Warsoff Place and Walworth Street, according to property <a target=\"_blank\" rel=\"noopener nofollow\" href=\"https:\/\/a836-acris.nyc.gov\/DS\/DocumentSearch\/DocumentDetail?doc_id=2017122800658002\">records filed Thursday<\/a>. The selling entities, <a href=\"https:\/\/commercialobserver.com\/company\/lfft-tic\/\" title=\"LFFT TIC\" class=\"company-link\" rel=\"nofollow noopener\" target=\"_blank\">LFFT TIC<\/a> and <a href=\"https:\/\/commercialobserver.com\/company\/efft-tic\/\" title=\"EFFT TIC\" class=\"company-link\" rel=\"nofollow noopener\" target=\"_blank\">EFFT TIC<\/a>, are tied to members of the Follman family, who owned the parcels. Abraham Follman served as the entity\u2019s signatory.<\/p>\n<p>SEE ALSO: <a href=\"https:\/\/commercialobserver.com\/2026\/06\/florida-warehouse-terreno-clarion\/\" rel=\"nofollow noopener\" target=\"_blank\">Miami-Area Warehouse Trades for $56M<\/a><\/p>\n<p>Among the transactions was the purchase of a $25 million commercial condo at 18 Warsoff Place, at the corner of Flushing Avenue. The industrial building spans 37,916 square feet and neighbors Bingo\u2019s second $14 million acquisition at 39 Walworth Street. The 69,747-square-foot industrial building straddles both blocks between Flushing and Park avenues.<\/p>\n<p>An unaddressed Walworth Street property next door \u2014 the tax lot of which measures 13,613 square feet \u2014 was also included in the deal for $11 million. Additional air rights across the transactions totaled 172,796 square feet, <a target=\"_blank\" rel=\"noopener nofollow\" href=\"https:\/\/www.pincusco.com\/bingo-wholesale-grocer-pays-50m-for-bed-stuy-location-follows-years-of-seller-family-litigation\/\">according to PincusCo<\/a>.\u00a0<\/p>\n<p>The transaction is expected to result in Bingo\u2019s fifth supermarket location. Its kosher offerings will serve Bed-Stuy\u2019s growing Jewish community. Bingo\u2019s stores in Brooklyn, Manhattan\u2019s Inwood neighborhood, Monsey, N.Y., and Lakewood, N.J., all serve large Orthodox Jewish populations.<\/p>\n<p>Official site plans for the new Bed-Stuy spot, however, have not yet been disclosed by the grocer. Representatives for Bingo did not respond to a request for comment.\u00a0<\/p>\n<p>The multi-parcel transaction has been years in the making, PincusCo reported, as now-resolved litigation within the Follman family sought to block the deal. Follman could not immediately be reached for comment.\u00a0<\/p>\n<p>Emily Davis can be reached at <a href=\"https:\/\/commercialobserver.com\/2026\/06\/bingo-wholesale-dev-site-brooklyn-sale\/mailto:edavis@commercialobserver.com\" rel=\"nofollow noopener\" target=\"_blank\">edavis@commercialobserver.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Popular kosher grocery chain Bingo Wholesale is expanding its Brooklyn footprint into Bedford-Stuyvesant.\u00a0 Bingo\u2019s holding company, Norworth Holdings,&hellip;\n","protected":false},"author":2,"featured_media":274956,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[105760,105761,105762,60364,2664,9,24,63,122,124,123],"class_list":["post-274955","post","type-post","status-publish","format-standard","has-post-thumbnail","category-queens","tag-18-warsoff-place","tag-39-walworth-street","tag-abraham-follman-channel","tag-development-site-sale","tag-investments-sales","tag-new-york","tag-new-york-city","tag-nyc","tag-queens","tag-queens-headlines","tag-queens-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/274955","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=274955"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/274955\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/274956"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=274955"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=274955"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=274955"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}