2594 7 Avenue

Owner: Chaim Lipschitz

Acquired: June 20, 2023, $86.8 million

Debt: August 13, 2025, $100 million

Built: 1928

Renovated: 1983

SF: 436,115

Dwelling units: 538

No. of buildings: 6

Class: Over Six Families With Stores (C7)

Floors: 6

HPD Ownership Registration Information

Last registered: 2025-08-20 (expires 2026-09-01)

Transactions:

• Chaim Lipschitz borrowed $100 million from 3650 Capital for 2802-2816 Fredrick Douglass Bl, Harlem, Manhattan on August 13, 2025.

• Isaac Herskovitz borrowed $83 million from Berkshire Residential Investments for 2802 Fredrick Douglass Bl, Harlem, Manhattan on June 20, 2023.

• Fairstead sold 2802 Fredrick Douglass Bl, Harlem, Manhattan for $86.8 million to Isaac Herskovitz on June 20, 2023.

• Fairstead borrowed $86 million from Berkshire Residential Investments for 2802 Fredrick Douglass Bl, Central Harlem, Manhattan on March 09, 2021.

Development:

• Ieshia Smallwood filed plans for alteration in Harlem, Manhattan, on June 28, 2021.

• Ieshia Smallwood filed plans for alteration in Harlem, Manhattan, on May 19, 2021.

• Paul Apostolakis filed plans for alteration in Harlem, Manhattan, on April 20, 2021.

• Ruth Rodriguez filed plans for alteration in Harlem, Manhattan, on January 24, 2018.

• Ruth Rodriguez filed plans for alteration in Harlem, Manhattan, on January 22, 2018.

Litigation:

• David Goldwasser on February 21, 2023, filed a $92.5 million bankruptcy 1-23-40575-nhl for 2802 Fredrick Douglass Bl.

Violations:

According to city public data, the properties have received $2,184 in ECB penalties, 731 housing violations, $27,614 in OATH penalties, and 13 housing litigations in the last year.

Latest Stories:

• Chaim Lipschitz signs $100M refi with 3650 Capital for 538-unit landmark in Harlem (August 14, 2025)

• Isaac Herskovitz pays $86.75M for Fairstead’s 538-unit property in Harlem (June 21, 2023)

• Buyer files bankruptcy to preserve $92.5M purchase from Fairstead in Harlem (February 22, 2023)

• Fairstead borrows $86M from Berkshire Residential for property in Central Harlem (March 10, 2021)