318 Atlantic Avenue

Boerum Hill, Brooklyn

Parcel ID (BBL): 3001820012

Acris records

Owner: Bayrock Capital

Acquired: August 20, 2021, $13 million

Debt: June 27, 2023, $17 million

Built: 1973

Renovated: 1974

SF: 18,892

Dwelling units: 0

No. of buildings: 1

Class: Dormitories (H8)

Floors: 5

Transactions:

• Company sold 316 Atlantic Avenue, 316 Atlantic Avenue, and 316 Atlantic Avenue, Boerum Hill, Brooklyn for $0 to company on October 16, 2024.

Bayrock Capital borrowed $17 million from M&T Bank for 316 Atlantic Avenue, Boerum Hill, Brooklyn on June 27, 2023.

Bayrock Capital borrowed $10.6 million from M&T Bank for 316 Atlantic Avenue, Boerum Hill, Brooklyn on August 20, 2021.

Alex Shchegol sold 316 Atlantic Avenue, Boerum Hill, Brooklyn for $13 million to Bayrock Capital on August 20, 2021.

Development:

Daniel Rabinowitz filed plans for SC in Boerum Hill, Brooklyn, on May 15, 2024.

• Mark Glassman filed plans for alteration in Boerum Hill, Brooklyn, on July 13, 2023.

• Mark Glassman filed plans for alteration in Boerum Hill, Brooklyn, on April 11, 2022.

• Joginder Singh filed plans for alteration in Boerum Hill, Brooklyn, on November 16, 2021.

• Mark Glassman filed plans for alteration in Boerum Hill, Brooklyn, on October 25, 2021.

Violations:

According to city public data, the properties have received $935 in OATH penalties in the last year.

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