Balanced Living Development

164 20th Street Suite 2B Brooklyn, NY 11232

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Balanced Living Development NYC portfolio

$51.7 million -development 60%, elevator 39%; Brooklyn 78%, Queens 21%*

2201th largest portfolio by dollar value

41,474 sqft – elevator 100%; Brooklyn 100%

3776th largest by SF

5 properties – Brooklyn 80%, Queens 20%

1936th largest

60 residential units – Brooklyn 73%, Queens 26%

2392th largest by residential units

Company Activity past 24 months:

Borrower company: 2 for $23.4 million

Developer (new building or major alteration): 1 for 27,490 square feet

Top Ten Associated Companies:

Arbor Realty Trust (2), Urban Standard Capital (1), Customers Bank (1), Emerald Creek Capital (1)

Top Ten Associated People:

Seth Weissman (1), Tim T. Zhakselekov (1), Rachel Tzapp (1), Mark Penna (1)

Recent activity as company:

• Balanced Living Development borrowed $15 million from Urban Standard Capital for 820 Bergen Street on February 25, 2026.

• Balanced Living Development borrowed $8.3 million from Emerald Creek Capital for 12-16 30 Avenue on September 03, 2025.

• Balanced Living Development for Eugene Khody filed plans for new building for 27,490 sqft in Crown Heights, Brooklyn, on December 16, 2024.

• Balanced Living Development borrowed $5 million from Arbor Realty Trust for 485 East 28 Street on October 25, 2023.

• Balanced Living Development borrowed $5.3 million from Arbor Realty Trust for 1463 New York Avenue on October 25, 2023.

• Balanced Living Development borrowed $5.2 million from Customers Bank for 319 Broadway on March 03, 2022.

• Michael Tsoumpas sold 12-16 30 Avenue for $3.2 million to Balanced Living Development on October 01, 2021.

Properties:

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