416 87 Street
Bay Ridge, Brooklyn
Parcel ID (BBL): 3060500015
Owner: Sam Abed
Acquired: November 13, 2025, $28 million
Debt: November 13, 2025, $23 million
Built: 1989
Renovated: 1993
SF: 188,975
Dwelling units: 0
No. of buildings: 3
Class: Miscellaneous (G9)
Floors: 3
Legacy BBLs: 3060500015.00000000
Transactions:
• Sam Abed borrowed $23 million from Bank of Hope for 423 88th Street, Bay Ridge, Brooklyn on November 13, 2025.
• ASG Equities sold 423 88th Street, Bay Ridge, Brooklyn for $28 million to Sam Abed on November 13, 2025.
• Gindi family borrowed $11 million from Gerber Finance for 416 87th Street, 436 87th Street, 423 88th Street, and 415 88th Street, Bay Ridge, Brooklyn on November 27, 2020.
Development:
• Raymond Gindi filed major alteration job 310062277 for B-1 building in Bay Ridge, Brooklyn, on December 13, 2007.
• Raymond Gindi filed major alteration job 301020320 for C building with 1 apartments in Bay Ridge, Brooklyn, on April 19, 2000.
• Lea Lamazza filed alteration job B01405622 for 1,000 sqft COM building with 0 apartments in Bay Ridge, Brooklyn, on June 15, 2026.
• Raymond Gindi filed alteration job 320193571 for COM building in Bay Ridge, Brooklyn, on July 28, 2010.
• Raymond Gindi filed alteration job 310213239 for COM building with 0 apartments in Bay Ridge, Brooklyn, on October 16, 2008.
• Raymond Gindi filed alteration job 310137027 for COM building with 0 apartments in Bay Ridge, Brooklyn, on May 01, 2008.
• Raymond Gindi filed alteration job 310120838 for C building in Bay Ridge, Brooklyn, on April 07, 2008.
Violations:
According to city public data, the properties have received $50 in OATH penalties in the last year.