123 Melrose Street
Bushwick, Brooklyn
Parcel ID (BBL): 3031520048
Owner: Atlas Capital Group
Acquired: December 20, 2021, $256.8 million
Debt: October 01, 2021, $7 million
Built: 2019
Renovated: 2014
SF: 384,683
Dwelling units: 468
No. of buildings: 1
Class: Fireproof – With Stores (D6)
Floors: 9
Legacy BBLs: 3031520048
Transactions:
• None sold 123 Melrose Street and 54 Noll Street, Bushwick, Brooklyn for $0 to None on June 28, 2022.
• All Year Management sold 123 Melrose Street, Bushwick, Brooklyn for $256.8 million to Atlas Capital Group on December 20, 2021.
• All Year Management borrowed $7 million from Related Companies for 123 Melrose Street, Bushwick, Brooklyn on October 01, 2021.
Development:
• David Brand filed plans for alteration in Bushwick, Brooklyn, on September 26, 2025.
• David Brand filed plans for alteration in Bushwick, Brooklyn, on June 24, 2022.
• David Brand filed plans for alteration in Bushwick, Brooklyn, on June 24, 2022.
• David Brand filed plans for major alteration for 1,000 sqft in Bushwick, Brooklyn, on June 06, 2022.
• Yoel Schwimmer filed plans for alteration in Bushwick, Brooklyn, on July 20, 2020.
Litigation:
• A $506 million bankruptcy lawsuit was filed on September 14, 2021 21-11609-mg for 123 Melrose Street.
• A $506 million bankruptcy lawsuit was filed on September 14, 2021 21-11610-mg for 123 Melrose Street.
• All Year Management on February 22, 2021, filed a $73 million bankruptcy 21-10335 for 123 Melrose Street.
• Yoel Goldman filed a $65 million lawsuit 502742/2021 against Mack Real Estate on February 04, 2021,seeking a judgment related to halt UCC foreclosureat 123 Melrose Street.
Violations:
According to city public data, the properties have received one housing violation and one housing litigation in the last year.