650 Madison Street

Owner: Solomon Schwimmer

Debt: June 23, 2026, $22.1 million

Built: 2022

Renovated: 2016

SF: 33,150

Dwelling units: 38

No. of buildings: 1

Class: Fireproof (Standard Construction Without Stores) (D3)

Floors: 5

Legacy BBLs: 3016460011.00000000

HPD Ownership Registration Information

Last registered: 2025-07-07 (expires 2026-09-01)

Transactions:

• Solomon Schwimmer borrowed $22.1 million from Varde Partners for 650 Madison Street, Bedford Stuyvesant, Brooklyn on June 23, 2026.

• Solomon Schwimmer borrowed $17 million from Bank of Princeton for 650 Madison Street, Bedford Stuyvesant, Brooklyn on April 11, 2024.

• Solomon Schwimmer borrowed $13.8 million from S3 Capital for 650 Madison Street, Bedford-Stuyvesant, Brooklyn on January 20, 2023.

• Solomon Schwimmer on May 13, 2022 bought a loan with an original principal of $12 million from Prophet Capital Reit, signed by Arthur Gutman, secured by 650 Madison Street, Bedford-Stuyvesant, Brooklyn, when owned by Brookland Capital.

Development:

• Solomon Schwimmer filed new building job B00712457 for 26,010 sqft R-2 building with 38 apartments in Bedford Stuyvesant, Brooklyn, on April 08, 2022.

• Boaz Gilad filed new building job 321184829 for 5,181 sqft R-2 building with 7 apartments in Bedford Stuyvesant, Brooklyn, on February 16, 2017.

• Solomon Schwimmer filed alteration job B08050344 for 2,212 sqft building with 0 apartments in Bedford Stuyvesant, Brooklyn, on December 22, 2022.

• Solomon Schwimmer filed alteration job B00725265 for 6,900 sqft R-2 building with 38 apartments in Bedford Stuyvesant, Brooklyn, on April 26, 2022.

• Boaz Gilad filed alteration job 321612082 for R-2 building with 7 apartments in Bedford Stuyvesant, Brooklyn, on June 23, 2017.

• Boaz Gilad filed alteration job 321612126 for R-2 building with 7 apartments in Bedford Stuyvesant, Brooklyn, on June 23, 2017.

• Boaz Gilad filed alteration job 321612091 for R-2 building with 7 apartments in Bedford Stuyvesant, Brooklyn, on June 23, 2017.

Violations:

According to city public data, the properties have received $1,530 in OATH penalties in the last year.

Latest Stories:

• Solomon Schwimmer signs $17M refi for 38-unit rental in Bedford Stuyvesant (April 12, 2024)

• Solomon Schwimmer signs $13.8M construction loan with S3 Capital for 38-unit development in Bedford Stuyvesant (January 23, 2023)