247 Nassau Avenue

Owner: Blank Property Group

Acquired: October 14, 2021, $2.6 million

Debt: February 22, 2022, $25.3 million

Built: 1931

SF: 6,641

Dwelling units: 8

No. of buildings: 1

Class: Over Six Families Without Stores (C1)

Floors: 4

Transactions:

• Company sold 247 Nassau Avenue, Greenpoint, Brooklyn for $0 to company on May 12, 2022.

• Blank Property Group borrowed $25.3 million from RCG Longview and CenterSquare Investment Management for 247 Nassau Avenue, 316 South 4th Street, 337 South 4th Street, 68 Eckford Street, 181 Meserole Avenue, and others, Greenpoint, Brooklyn on February 22, 2022.

• Virginia Gelish Drew sold 247 Nassau Avenue, Greenpoint, Brooklyn for $2.6 million to company on October 14, 2021.

Development:

• Asad Mehmood filed plans for alteration in Greenpoint, Brooklyn, on July 17, 2023.

• Paul Caine filed plans for major alteration for 9,960 sqft in Greenpoint, Brooklyn, on May 19, 2022.

Violations:

According to city public data, the properties have received one DOB violation, three housing violations, and $100 in OATH penalties in the last year.

Latest Stories:

• Blank Property signs $25.3M rehab construction loan with RCG Longview for 12 properties in Brooklyn (February 23, 2022)