165 Willoughby Street

Downtown Brooklyn, Brooklyn

Parcel ID (BBL): 3020620024

Acris records

Owner: Jay Group

Acquired: August 30, 2024, $12.5 million

Debt: April 21, 2026, $264 million

Built: 0

SF: 0

Dwelling units: 0

No. of buildings: 1

Class: Other (Z9)

Transactions:

Jay Group borrowed $264 million from Affinius Capital for 163 Willoughby Street, 106 Fleet Place, 277 Flatbush Avenue Ext, 104 Fleet Place, and 165 Willoughby Street, Downtown Brooklyn, Brooklyn on April 21, 2026.

Jay Group borrowed $34.2 million from Popular Bank for 163 Willoughby Street, Downtown Brooklyn, Brooklyn on September 12, 2025.

Jay Group borrowed $11.8 million from Ponce Bank for 163 Willoughby Street, Downtown Brooklyn, Brooklyn on May 08, 2025.

Pearl Realty Management sold 165 Willoughby Street and 275 Flatbush Avenue Ext, Downtown Brooklyn, Brooklyn for $12.5 million to Jay Group on August 30, 2024.

Development:

Jay Group filed new building job B01083521 for 80,709 sqft R-2 building with 90 apartments in Downtown Brooklyn, Brooklyn, on November 25, 2024.

Jay Group filed new building job B01097098 for 100,156 sqft R-2 building with 90 apartments in Downtown Brooklyn, Brooklyn, on September 17, 2024.

• Jack Guttman 165 filed major alteration job 321376989 for 150 sqft U building in Downtown Brooklyn, Brooklyn, on August 30, 2016.

• Eddie Gazheli filed alteration job B01216310 for 85,728 sqft building with 99 apartments in Downtown Brooklyn, Brooklyn, on May 29, 2025.

• Eddie Gazheli filed alteration job B01199874 for 85,728 sqft building with 99 apartments in Downtown Brooklyn, Brooklyn, on April 28, 2025.

Most recent Schedule of Occupancy

Violations:

According to city public data, the properties have received $97,500 in ECB penalties and $56,250 in OATH penalties in the last year.

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