498 Baltic Street
Gowanus, Brooklyn
Parcel ID (BBL): 3004050027
Built: 1914
Renovated: 1966
SF: 99,500
Dwelling units: 0
No. of buildings: 1
Class: Special Construction (Printing Plant, etc., Fireproof) (F2)
Floors: 4
Transactions:
• Joey Schwebel and Arkhouse Partners borrowed $10.3 million from Joey Schwebel and Arkhouse Partners for 255 Butler Street, Gowanus, Brooklyn on January 15, 2025.
• Benjamin Akkad and Nathan Akkad sold 255 Butler Street, Gowanus, Brooklyn for $13 million to Joey Schwebel and Arkhouse Partners on January 15, 2025.
• Maguire Capital Group on June 21, 2023 bought a loan with an original principal of $11 million from Cathay Bank, signed by David Scheiber, secured by 255 Butler Street, Gowanus, Brooklyn, when owned by Benjamin Akkad.
Development:
• Gurdeep Singh filed plans for alteration in Gowanus, Brooklyn, on October 09, 2025.
• Isaac Ades filed plans for A3 in Gowanus, Brooklyn, on April 09, 2008.
• Sam Boymelgreen filed plans for alteration in Gowanus, Brooklyn, on September 23, 2014.
• Robert Ciaglia filed plans for A3 in Gowanus, Brooklyn, on May 05, 2015.
• Sam Boymelgreen filed plans for A3 in Gowanus, Brooklyn, on July 23, 2015.
Litigation:
• Benjamin Akkad and Nathan Accad on October 03, 2023, filed a $30 million bankruptcy 1-23-43575-ess for 255 Butler Street that has creditor Maguire Capital Group.
• Cathay Bank filed a $8.3 million pre-foreclosure 511468/2023 on April 18, 2023, against Benjamin Akkad and Nathan Accad at 255 Butler Street.
Violations:
According to city public data, the properties have received one DOB violation, $5,000 in ECB penalties, and $11,680 in OATH penalties in the last year.