458 Albee Square
Downtown Brooklyn, Brooklyn
Parcel ID (BBL): 3001460053
Owner: Michael Chera
Debt: September 05, 2023, $14 million
Built: 1924
Renovated: 2020
SF: 114,000
Dwelling units: 0
No. of buildings: 1
Class: Stores, Apartments Above (K4)
Floors: 3
Transactions:
• Michael Chera borrowed $14 million from Webster Bank for 523 Fulton Street, 405 Fulton Street, and 892 Flatbush Avenue, Downtown Brooklyn, Brooklyn on September 05, 2023.
• Allied Property Group borrowed $12.8 million from Webster Bank for 523 Fulton Street, 405 Fulton Street, and 892 Flatbush Avenue, Downtown Brooklyn, Brooklyn on July 08, 2022.
Development:
• Charles Perry filed major alteration job 322020077 for 81,500 sqft M building in Downtown Brooklyn, Brooklyn, on December 23, 2019.
• Alan Sills filed major alteration job 320141672 for 23,269 sqft B building in Downtown Brooklyn, Brooklyn, on March 29, 2010.
• Michael Chera filed alteration job B01350896 for 3,300 sqft M building with 0 apartments in Downtown Brooklyn, Brooklyn, on March 05, 2026.
• Michael Chera filed alteration job B01279291 for 29 sqft building with 0 apartments in Downtown Brooklyn, Brooklyn, on September 23, 2025.
• Lawrence Inserra filed alteration job B01141204 for 10 sqft building with 0 apartments in Downtown Brooklyn, Brooklyn, on November 20, 2024.
• Lawrence Inserra filed alteration job B01091932 for 2,000 sqft 69 building with 0 apartments in Downtown Brooklyn, Brooklyn, on August 19, 2024.
• Lawrence Inserra filed alteration job B01049658 for 20,886 sqft 69 building with 0 apartments in Downtown Brooklyn, Brooklyn, on July 03, 2024.
Litigation:
• Michael Chera filed a $2.4 million lawsuit 532182/2025 against Brooklyn Hospital Center on September 16, 2025,seeking a money judgment related to contractat 523 Fulton Street.
Violations:
According to city public data, the properties have received $10,050 in OATH penalties in the last year.