4723 12 Avenue

Owner: Yakov Gelb

Debt: April 19, 2022, $30.6 million

Built: 1930

Renovated: 1985

SF: 72,000

Dwelling units: 61

No. of buildings: 1

Class: Semi-Fireproof With Stores (D7)

Floors: 6

Transactions:

• Yakov Gelb and Mike Kohn borrowed $30.6 million from CoreVest American Finance Lender for 4711 12th Avenue, 1314 46th Street, 4520 12th Avenue, and 1215 47th Street, Borough Park, Brooklyn on April 19, 2022.

Development:

• Yakov Gelb filed plans for alteration in Borough Park, Brooklyn, on November 17, 2025.

• Mike Kohn filed plans for A3 in Borough Park, Brooklyn, on August 24, 2017.

• Amrik Singh filed plans for A3 in Borough Park, Brooklyn, on November 29, 2013.

Violations:

According to city public data, the properties have received one DOB violation, $12,500 in ECB penalties, 162 housing violations, and $12,500 in OATH penalties in the last year.