525 St Marks Avenue

Crown Heights, Brooklyn

Parcel ID (BBL): 3011490061

Acris records

Owner: Candor Capital

Acquired: September 26, 2025, $8 million

Debt: September 26, 2025, $13.8 million

Built: 2019

SF: 29,718

Dwelling units: 22

No. of buildings: 1

Class: Fireproof – With Stores (D6)

Floors: 7

Transactions:

• Candor Capital and Jacob Tambor borrowed $13.8 million from BridgeCity Capital for 525 St Marks Avenue, Crown Heights, Brooklyn on September 26, 2025.

• Reuven Medalie sold 525 St Marks Avenue, Crown Heights, Brooklyn for $8 million to Candor Capital and Jacob Tambor on September 26, 2025.

• ARC Pe on October 25, 2023 bought a loan with an original principal of $5.8 million from PSG Lending, signed by Cameron Lawson, secured by 525 St. Marks Avenue, Crown Heights, Brooklyn, when owned by Reuven Medalie.

• Reuven Medalie borrowed $5.8 million from PSG Lending for 525 St Marks Avenue, Crown Heights, Brooklyn on July 19, 2022.

Development:

• Levi Balkany filed new building job 321625899 for 14,211 sqft R-2 building with 13 apartments in Crown Heights, Brooklyn, on July 21, 2017.

• Joseph Idown filed major alteration job 301090450 for PUB building with 2 apartments in Crown Heights, Brooklyn, on October 23, 2000.

• Charles Wurzberger filed alteration job B01353155 for 28,662 sqft R-2 building with 15 apartments in Crown Heights, Brooklyn, on April 29, 2026.

• Candor Capital filed alteration job B01339512 for 28,994 sqft R-2 building with 15 apartments in Crown Heights, Brooklyn, on February 06, 2026.

• Candor Capital filed alteration job B01339514 for 28,994 sqft R-2 building with 15 apartments in Crown Heights, Brooklyn, on February 06, 2026.

• Candor Capital filed alteration job B01339513 for 28,994 sqft R-2 building with 15 apartments in Crown Heights, Brooklyn, on February 06, 2026.

• Eddie Gazheli filed alteration job B00305568 for 19,170 sqft building with 13 apartments in Crown Heights, Brooklyn, on January 29, 2020.

Litigation:

• ARC Pe filed a $5.8 million pre-foreclosure 537955/2023 on December 29, 2023, against Pearl Chen, Reuven Medalie and Rachel Medalie at 525 St Marks Avenue.

Condominium:

• Levi Balkany filed plans CD190364 on October 28, 2019 for 13-unit condominium called 525 Saint Marks Avenue Condominium at 525 Saint Marks Avenue.

Violations:

According to city public data, the properties have received one DOB violation, $50,000 in ECB penalties, and $56,150 in OATH penalties in the last year.