362 Shepherd Avenue

Owner: Joel Schwartz

Acquired: July 29, 2021, $2.9 million

Debt: March 27, 2026, $24 million

Built: 2024

SF: 51,405

Dwelling units: 53

No. of buildings: 1

Class: Fireproof – With Stores (D6)

Floors: 7

HPD Ownership Registration Information

Last registered: 2025-07-23 (expires 2026-09-01)

Transactions:

• Joel Schwartz borrowed $24 million from Provident Bank for 360 Shepherd Avenue, East New York, Brooklyn on March 27, 2026.

• Joel Schwartz borrowed $16 million from BridgeCity Capital for 360 Shepherd Avenue, East New York, Brooklyn on June 03, 2024.

• Shea Sigal sold 352 Shepherd Avenue, East New York, Brooklyn for $2.9 million to David Horowitz on July 29, 2021.

Development:

• Apple Realty Capital filed new building job B00610324 for 35,972 sqft R-2 building with 53 apartments in East New York, Brooklyn, on October 28, 2021.

• Issac Adler filed alteration job B01055215 for 3,276 sqft building with 0 apartments in East New York, Brooklyn, on May 22, 2024.

• Issac Adler filed alteration job B01019305 for 3,276 sqft building with 0 apartments in East New York, Brooklyn, on May 17, 2024.

• Issac Adler filed alteration job B01019307 for 324 sqft building with 0 apartments in East New York, Brooklyn, on May 17, 2024.

• Hershy Silberstein filed alteration job B00937625 for 51,405 sqft building with 53 apartments in East New York, Brooklyn, on September 27, 2023.

• Joel Landau filed alteration job B00792130 for 580 sqft building with 0 apartments in East New York, Brooklyn, on August 12, 2022.

Violations:

According to city public data, the properties have received $4,865 in OATH penalties in the last year.