---
title: "Kosher Grocer Bingo Wholesale Buys $50M Dev Site in Bed-Stuy"
url: https://burnaze.com/article/d329ee55-b3cc-42a3-adcb-a9df1c913f41
source: "Commercial Observer"
original_url: https://commercialobserver.com/2026/06/bingo-wholesale-dev-site-brooklyn-sale/
author: "Edavis"
category: "Retail"
industry: "Retail"
published: 2026-06-22T19:44:41.000Z
modified: 2026-10-31T13:18:02.426Z
image: https://commercialobserver.com/wp-content/uploads/sites/3/2026/06/Bingo-Wholesale-18-Warsoff-Place-39-Walworth-St-BK-credit-Yumishi_CC0-via-WIkimedia-Commons.jpg?quality=80&w=1200
---

# Kosher Grocer Bingo Wholesale Buys $50M Dev Site in Bed-Stuy

**TL;DR:** Bingo Wholesale, a kosher grocery chain, has acquired a $50 million development site in Bedford-Stuyvesant, Brooklyn, to expand its footprint and open its fifth supermarket location. The acquisition was carried out by Bingo's holding company, Norworth Holdings, across three industrial parcels.

*By Edavis, originally published in Commercial Observer on 2026-06-22. [Read the original](https://commercialobserver.com/2026/06/bingo-wholesale-dev-site-brooklyn-sale/).*

## Key facts

- Bingo Wholesale buys $50M site
- 5th supermarket location planned
- serves Bed-Stuy's Jewish community

## Story

Popular kosher grocery chain **Bingo Wholesale** is expanding its Brooklyn footprint into Bedford-Stuyvesant.

Bingo’s holding company, **Norworth Holdings**, carried out a $50 million acquisition across three industrial property transactions along Warsoff Place and Walworth Street, according to property records filed Thursday. The selling entities, **LFFT TIC** and **EFFT TIC**, are tied to members of the **Follman** family, who owned the parcels. **Abraham Follman** served as the entity’s signatory.

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’s second $14 million acquisition at **39 Walworth Street**. The 69,747-square-foot industrial building straddles both blocks between Flushing and Park avenues.

An unaddressed Walworth Street property next door — the tax lot of which measures 13,613 square feet — was also included in the deal for $11 million. Additional air rights across the transactions totaled 172,796 square feet, according to PincusCo.

## New location plans

The transaction is expected to result in Bingo’s fifth supermarket location. Its kosher offerings will serve Bed-Stuy’s growing Jewish community. Bingo’s stores in Brooklyn, Manhattan’s Inwood neighborhood, Monsey, N.Y., and Lakewood, N.J., all serve large Orthodox Jewish populations.

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.

## Transaction history

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.

## Entities

- Retail (sector)
- Commercial Observer (publication)
- store expansion (topic)
- real estate acquisition (topic)
- brooklyn development (topic)
- Bingo Wholesale (company)
- Norworth Holdings (company)
- LFFT TIC (company)
- EFFT TIC (company)
- Follman family (investor)
- Abraham Follman (person)
- Bedford-Stuyvesant (location)

---
Originally reported by Edavis, Commercial Observer (https://commercialobserver.com/2026/06/bingo-wholesale-dev-site-brooklyn-sale/). Summarized by Burnaze (https://burnaze.com/article/d329ee55-b3cc-42a3-adcb-a9df1c913f41).