447 87 Street

Owner: Mcb Real Estate

Acquired: August 13, 2025, $6.7 million

Debt: November 14, 2023, $20 million

Built: 1922

Renovated: 2002

SF: 20,000

Dwelling units: 0

No. of buildings: 1

Class: Two Story or Store and Office (K2)

Floors: 2

Transactions:

• ASG Equities sold 441 87th Street, 449 87th Street, 458 86th Street, 468 86th Street, 474 86th Street, and others, Bay Ridge, Brooklyn for $6.7 million to MCB Real Estate and Osiris Ventures on August 13, 2025.

• ASG Equities borrowed $20 million from Peapack-Gladstone Bank for 441 87th Street, 449 87th Street, 458 86th Street, 474 86th Street, 468 86th Street, and others, Bay Ridge, Brooklyn on November 14, 2023.

Development:

• Amy Bonitz filed alteration job B01337810 for 3,000 sqft 69 building with 0 apartments in Bay Ridge, Brooklyn, on January 08, 2026.

• Amy Bonitz filed alteration job B01266732 for 2,475 sqft COM building with 0 apartments in Bay Ridge, Brooklyn, on August 19, 2025.

• Amy Bonitz filed alteration job B01269142 for 20,000 sqft COM building with 0 apartments in Bay Ridge, Brooklyn, on August 18, 2025.