536 Atlantic Avenue
Boerum Hill, Brooklyn
Parcel ID (BBL): 3001860012
Owner: Jacob Schwimmer
Acquired: December 05, 2023, $38 million
Debt: September 08, 2025, $130 million
Built: 2024
SF: 157,265
Dwelling units: 159
No. of buildings: 1
Class: Semi-Fireproof With Stores (D7)
Floors: 8
Transactions:
• Jacob Schwimmer borrowed $130 million from Goldman Sachs for 540 Atlantic Avenue, Boerum Hill, Brooklyn on September 08, 2025.
• Company sold 540 Atlantic Avenue, Boerum Hill, Brooklyn for $0 to company on December 28, 2023.
• Jacob Schwimmer borrowed $63 million from Valley National Bank for 540 Atlantic Avenue, Boerum Hill, Brooklyn on December 06, 2023.
• Gus Papadimitriou sold 540 Atlantic Avenue, Boerum Hill, Brooklyn for $38 million to Jacob Schwimmer on December 05, 2023.
• Davis Companies on November 07, 2022 bought a loan with an original principal of $21.6 million from G4 Capital Partners, signed by Jason Behfarin, secured by 540 Atlantic Avenue, Boerum Hill, Brooklyn, when owned by Gus Papadimitriou.
Development:
• Tom Bowes filed plans for alteration in Boerum Hill, Brooklyn, on September 27, 2024.
• Eddie Gazheli filed plans for alteration in Boerum Hill, Brooklyn, on April 05, 2024.
• Eddie Gazheli filed plans for alteration in Boerum Hill, Brooklyn, on April 05, 2024.
• Eddie Gazheli filed plans for alteration in Boerum Hill, Brooklyn, on April 05, 2024.
• Eddie Gazheli filed plans for alteration in Boerum Hill, Brooklyn, on March 20, 2024.
Litigation:
• G4 Capital Partners filed a $21.6 million pre-foreclosure 524167/2020 on December 03, 2020, against Gus Papadimitriou at 540 Atlantic Avenue.
Violations:
According to city public data, the properties have received one DOB violation, $25,625 in ECB penalties, and $29,465 in OATH penalties in the last year.