3020100001

Owner: Hope Street Capital

Acquired: December 10, 2019, $8.9 million

Debt: November 16, 2022, $126.2 million

Built: 2020

Renovated: 2020

SF: 240,382

Dwelling units: 264

No. of buildings: 1

Class: Fireproof – With Stores (D6)

Floors: 29

Legacy BBLs: 3020100001

Transactions:

• Company sold 545 Vanderbilt Avenue, 539 Vanderbilt Avenue, 539 Vanderbilt Avenue, 539 Vanderbilt Avenue, and 539 Vanderbilt Avenue, Clinton Hill, Brooklyn for $0 to company on March 13, 2024.

• Hope Street Capital borrowed $126.2 million from MF1 Capital for 545 Vanderbilt Avenue and 550 Clinton Avenue, Clinton Hill, Brooklyn on November 16, 2022.

• Company sold 539 Vanderbilt Avenue, Clinton Hill, Brooklyn for $0 to company on June 28, 2022.

• Company sold 539 Vanderbilt Avenue and 809 Atlantic Avenue, Clinton Hill, Brooklyn for $0 to company on June 09, 2022.

• Hope Street Capital borrowed $129.3 million from Square Mile Capital Management for 539 Vanderbilt Avenue, 809 Atlantic Avenue, Clinton Hill, Brooklyn on February 20, 2020.

Development:

• Jeffrey Gershon filed plans for alteration in Clinton Hill, Brooklyn, on February 17, 2024.

• Jeffrey Gershon filed plans for alteration in Clinton Hill, Brooklyn, on January 04, 2024.

• Jeffrey Gershon filed plans for alteration in Clinton Hill, Brooklyn, on November 27, 2023.

• Jeffrey Gershon filed plans for alteration in Clinton Hill, Brooklyn, on October 19, 2023.

• Matthew Cordivari filed plans for SC in Clinton Hill, Brooklyn, on January 19, 2023.

Violations:

According to city public data, the properties have received three housing violations in the last year.

Latest Stories:

• Hope Street Capital signs $126.2M refi with MF1 Capital for two properties in Clinton Hill (November 17, 2022)

• Hope Street Capital borrows $129M from Square Mile for new construction in Clinton Hill (February 21, 2020)

• Jeffrey Gershon’s Hope Street Capital pays $9M to Episcopal Diocese of Long Island for air rights in Clinton Hill (December 11, 2019)