Allied Properties

9322 3rd Ave #502 Brooklyn, NY 11209

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Allied Properties NYC portfolio

$324.4 million -office 96%, elevator 3%; Manhattan 84%, Brooklyn 11%, Queens 3%*

665th largest portfolio by dollar value

545,374 sqft – office 75%, elevator 24%; Manhattan 52%, Queens 24%, Brooklyn 23%

778th largest by SF

5 properties – Brooklyn 60%, Manhattan 20%, Queens 20%

1836th largest

108 residential units – Queens 100%

1719th largest by residential units

2 foreclosures, 4 bankruptcies, 0 other court cases.

Company Activity past 24 months:

Seller company: 1 for $8.2 million

Borrower company: 2 for $15.2 million

Top Ten Associated People:

Steven W Lawitts (2), Brittany Griffin (1), Theresa McCarthy (1), Yintung Chang (1), Yong Ho Lee (1), Joshua Zegan (1), Igor Vaysberg (1), Shan An Zhao (1)

Recent activity as company:

• Allied Properties borrowed $5.7 million from CTBC Bank for 403-405 91st Street, Bay Ridge, Brooklyn on January 22, 2026.

• Allied Properties borrowed $9.5 million from KeyBank for 26-53 9 Street on August 05, 2025.

• Allied Properties sold 6423 8 Avenue for $8.2 million to Shan An Zhao on September 23, 2024.

• Allied Properties borrowed $11.9 million from Madison Realty Capital for 9211 4 Avenue on September 15, 2023.

• Demetrios Spiropoulos sold 9211 4 Avenue for $15.6 million to Allied Properties on September 15, 2023.

• Allied Properties sold 43-27 213 Street for $13.6 million to Yong Ho Lee on August 17, 2023.

• Allied Properties borrowed $10.5 million from Dime Community Bank for 447 88 Street on June 01, 2022.

• Allied Properties sold 429 89 Street for $6 million to NYC School Construction Authority on August 06, 2021.

• Allied Properties sold 8824 5 Avenue for $21 million to NYC School Construction Authority on August 06, 2021.

• Allied Properties sold 8524 18 Avenue for $18 million to Odiljon Tursunov on April 09, 2021.

Latest Stories:

• Tim Ziss files 4th bankruptcy in 3 years, now at Bay Ridge medical valued at $33.3M (January 20, 2025)

• Shan An Zhao pays $8.2M to Allied Properties for dev site in Dyker Heights (October 03, 2024)

• $11.9M pre-foreclosure filed at Allied Properties nearly finished Bay Ridge office building (August 22, 2024)

• Allied Properties acquires $15.6M Bay Ridge office building through bankruptcy (November 15, 2023)

• Ramirez Asset Management pays $19.5M for mixed-use in Midtown East sought by Harry Macklowe (October 18, 2023)

• Yong Ho Lee pays $13.6M to Allied Properties for office in Bayside (August 29, 2023)

• Tim Ziss uses bankruptcy to preserve $22.5M Midtown East contract adjacent to Macklowe assemblage (April 21, 2023)

• Courts roundup: $31.5M condo lender suit, $5M dev site bankruptcy in Bay Ridge (September 26, 2022)

• Broadfield Realty Capital pays $5.4M for dev site in Dyker Heights (January 24, 2022)

• NYC School Construction Authority pays $27M to Allied Properties in Bay Ridge (August 17, 2021)

Court Records:

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Properties:

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