447 88 Street
Bay Ridge, Brooklyn
Parcel ID (BBL): 3060500045
Owner: Allied Properties
Debt: July 18, 2022, $10.5 million
Built: 1930
Renovated: 2021
SF: 38,621
Dwelling units: 0
No. of buildings: 1
Class: Office with Comm — 1 to 6 stories (O5)
Floors: 4
Transactions:
• Allied Properties borrowed $10.5 million from Dime Community Bank for 437 88th Street, Bay Ridge, Brooklyn on July 18, 2022.
• Efthimios Zisimopoulos borrowed $10 million from Dime Community Bank for 437 88th Street, Bay Ridge, Brooklyn on January 13, 2022.
• Efthimios Zisimopoulos borrowed $12.3 million from Dime Community Bank for 437 88th Street, Bay Ridge, Brooklyn on December 20, 2019.
Development:
• Athanasios Tzivas filed plans for alteration in Bay Ridge, Brooklyn, on May 15, 2025.
• Athanasios Tzivas filed plans for alteration in Bay Ridge, Brooklyn, on June 05, 2023.
• Tim Ziss filed plans for A3 in Bay Ridge, Brooklyn, on March 23, 2023.
• Tim Ziss filed plans for alteration in Bay Ridge, Brooklyn, on September 06, 2022.
• Tim Ziss filed plans for alteration in Bay Ridge, Brooklyn, on May 08, 2022.
Litigation:
• Efthimios Zisimopoulos and Allied Properties on January 17, 2025, filed a $33.3 million bankruptcy 1-25-40269-nhl for 437 88 Street that has creditor ASLD Realty.
• ASLD Realty, Steven Hackel and Dime Community Bank filed a $11.9 million pre-foreclosure 522507/2024 on August 21, 2024, against Allied Properties and Efthimios Zisimopoulos at 437 88 Street.
Violations:
According to city public data, the properties have not received any significant violations in the last year.