216 Franklin Street

Owner: Joseph Torres

Debt: September 12, 2025, $10 million

Built: 1931

Renovated: 2014

SF: 26,389

Dwelling units: 30

No. of buildings: 1

Class: Boutique 10-100 Rooms (HB)

Floors: 3

Transactions:

• Joseph Torres borrowed $10 million from Metropolitan Commercial Bank for 214 Franklin Street, Greenpoint, Brooklyn on September 12, 2025.

• Joseph Torres borrowed $8.8 million from Edgewood Capital Advisors for 214 Franklin Street, Greenpoint, Brooklyn on July 07, 2023.

Development:

• Joseph Torres filed major alteration job B00842432 for 19,181 sqft J-1 building with 30 apartments in Greenpoint, Brooklyn, on April 07, 2023.

• Joe Torres filed major alteration job 340768495 for 19,632 sqft R-1 building with 30 apartments in Greenpoint, Brooklyn, on September 22, 2020.

• Muhammad Ali filed alteration job B01207397 for building in Greenpoint, Brooklyn, on April 10, 2025.

• Muhammad Ali filed alteration job B01198664 for 1,200 sqft J-1 building with 0 apartments in Greenpoint, Brooklyn, on March 27, 2025.

• Muhammad Ali filed alteration job B01199396 for 1,000 sqft building with 0 apartments in Greenpoint, Brooklyn, on March 23, 2025.

• Tony Paciullo filed alteration job B00619381 for 26,389 sqft building with 30 apartments in Greenpoint, Brooklyn, on October 29, 2021.

• Joseph Torres filed alteration job B00423459 for 30 sqft building with 30 apartments in Greenpoint, Brooklyn, on November 09, 2020.

Litigation:

• UBS-BARCLAYS COMMERCIAL MORTGAGE TRUST 2012-C3 filed a $5.4 million pre-foreclosure 510302/2022 on April 07, 2022, against JOSEPH TORRES JR. at 214 Franklin Street.

• UBS-BARCLAYS COMMERCIAL MORTGAGE TRUST 2012-C3 filed a $5.4 million pre-foreclosure 510302/2022 on April 07, 2022, against JOSEPH TORRES JR. at 214 Franklin Street.

• UBS-BARCLAYS COMMERCIAL MORTGAGE TRUST 2012-C3 filed a $5.4 million pre-foreclosure 510302/2022 on April 07, 2022, against JOSEPH TORRES JR. at 214 Franklin Street.

• UBS-BARCLAYS COMMERCIAL MORTGAGE TRUST 2012-C3 filed a $5.4 million pre-foreclosure 510302/2022 on April 07, 2022, against JOSEPH TORRES JR. at 214 Franklin Street.

• UBS-BARCLAYS COMMERCIAL MORTGAGE TRUST 2012-C3 filed a $5.4 million pre-foreclosure 510302/2022 on April 07, 2022, against JOSEPH TORRES JR. at 214 Franklin Street.

Violations:

According to city public data, the properties have received $950 in OATH penalties in the last year.