1281 Hoe Avenue

Owner: Mas Development Management

Debt: April 02, 2024, $8.4 million

Built: 2021

Renovated: 2020

SF: 24,918

Dwelling units: 45

No. of buildings: 1

Class: Semi-Fireproof With Stores (D7)

Floors: 9

Legacy BBLs: 2029800055

Transactions:

• Company sold 1281 Hoe Avenue, East Morrisania, Bronx for $0 to company on April 24, 2024.

• Company sold 1281-1283 Hoe Avenue, East Morrisania, Bronx for $0 to company on April 02, 2024.

• MAS Development Management borrowed $8.4 million from Starwood Capital Group for 1281-1283 Hoe Avenue, East Morrisania, Bronx on April 02, 2024.

• Company sold 1281-1283 Hoe Avenue, Morrisania, Bronx for $0 to company on July 08, 2021.

• MAS Development Management borrowed $7.4 million from Ponce Bank for 1281-1283 Hoe Avenue, Morrisania, Bronx on July 08, 2021.

Development:

• Mark Shakarov filed plans for alteration in East Morrisania, Bronx, on May 16, 2022.

• Narinder Kaur filed plans for alteration in East Morrisania, Bronx, on February 25, 2022.

• Narinder Kaur filed plans for alteration in East Morrisania, Bronx, on January 03, 2022.

• Jorge Molina filed plans for alteration in East Morrisania, Bronx, on July 29, 2021.

• Mark Shakarov filed plans for alteration in East Morrisania, Bronx, on November 23, 2020.

Violations:

According to city public data, the properties have received $1,280 in ECB penalties, 15 housing violations, and $2,580 in OATH penalties in the last year.