725 Metropolitan Avenue

Owner: Corner Street Capital

Acquired: September 20, 2022, $9.9 million

Debt: January 21, 2022, $7.2 million

Built: 1920

SF: 6,199

Dwelling units: 9

No. of buildings: 1

Class: Over Six Families Without Stores (C1)

Floors: 5

Transactions:

• Joel Schwartz sold 725 Metropolitan Avenue, Williamsburg, Brooklyn for $9.9 million to Corner Street Capital on September 20, 2022.

• Joel Schwartz borrowed $7.2 million from Customers Bank for 725 Metropolitan Avenue, Williamsburg, Brooklyn on January 21, 2022.

• Joel Schwartz borrowed $5.8 million from Pacific Private Money for 725 Metropolitan Avenue, East Williamsburg, Brooklyn on August 23, 2021.

Development:

• Joel Schwartz filed plans for alteration in Williamsburg, Brooklyn, on January 22, 2019.

• Eddie Gazheli filed plans for alteration in Williamsburg, Brooklyn, on July 31, 2020.

• Eddie Gazheli filed plans for alteration in Williamsburg, Brooklyn, on July 17, 2020.

• Joel Schwartz filed plans for A3 in Williamsburg, Brooklyn, on December 11, 2018.

• Lorraine Hosty filed plans for A3 in Williamsburg, Brooklyn, on June 21, 2012.

Violations:

According to city public data, the properties have received $100 in OATH penalties in the last year.