44-15 54 Drive

Owner: Accord Bus

Acquired: February 07, 2025, $12.5 million

Debt: February 07, 2025, $11.3 million

Built: 2004

SF: 6,000

Dwelling units: 0

No. of buildings: 1

Class: Contractors warehouse (E2)

Floors: 2

Legacy BBLs: 4025370011

Transactions:

• Accord Bus borrowed $11.3 million from Liberty SBF for 44-17 54th Drive, 44-21 54th Drive, and 44-18 54th Road, Maspeth, Queens on February 07, 2025.

• Enrico Manetta sold 44-17 54th Drive, 44-21 54th Drive, and 44-18 54th Road, Maspeth, Queens for $12.5 million to Accord Bus on February 07, 2025.

Litigation:

• JY Capital Group and Alexander Hofstedter filed a $16.1 million pre-foreclosure on September 12, 2024, against Enrico Manetta at 44-17 54 Drive.

• JY Capital Group and Alexander Hofstedter filed a $2.7 million pre-foreclosure 524562/2024 on September 11, 2024, against Enrico Manetta at 44-17 54 Drive.

• JY Capital Group and Alexander Hofstedter filed a $16.1 million pre-foreclosure 718264/2024 on September 04, 2024, against Enrico Manetta at 44-17 54 Drive.

• JY Capital Group filed a $16.1 million pre-foreclosure 524201/2023 on August 21, 2023, against Enrico Manetta at 44-17 54 Drive.

• JY Capital Group filed a $16.1 million pre-foreclosure 717226/2023 on August 18, 2023, against Enrico Manetta at 44-17 54 Drive.

Latest Stories:

• Bus company buys Maspeth location for $12.5M (February 10, 2025)

• JY Capital files $16.1M pre-foreclosure against Queens, Brooklyn portfolio (August 21, 2023)