Bethpage Federal Credit Union

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Bethpage Federal Credit Union NYC portfolio

$20.3 million* – condo 100%; Manhattan 100%, Bronx 0%

2970th largest portfolio by dollar value

21,228 sqft – condo 100%;

4106th largest by SF

20 properties – Manhattan 100%, Bronx 0%

462th largest

6 foreclosures, 0 bankruptcies, 1 other court case.

Company Activity past 24 months:

Buyer company: 1 for $9.5 million

Lender company: 10 for $124.8 million

Recent activity as company:

Mordechai Kohn borrowed $21 million from Bethpage Federal Credit Union for 744 Clinton Street and 724 Clinton Street, Red Hook, Brooklyn on February 14, 2025.

Shulem Herman borrowed $13.3 million from Bethpage Federal Credit Union for 139 Frost Street and N/A Frost Street, Williamsburg, Brooklyn on November 21, 2024.

Simcha Applegrad borrowed $23 million from Bethpage Federal Credit Union for 1484 Watson Avenue, Soundview, Bronx on September 25, 2024.

Legion Investment Group borrowed $37.5 million from Maxim Capital Group for 8 West 14th Street, Greenwich Village, Manhattan on May 14, 2024.

Ashok Patel borrowed $12.5 million from Bethpage Federal Credit Union for 35-64 85th Street, Jackson Heights, Queens on March 04, 2024.

Zalman Brody borrowed $5.4 million from Bethpage Federal Credit Union for 1315 Findlay Avenue, Claremont Village, Bronx on February 28, 2024.

Winthrop D. Chamberlin sold 305 2nd Avenue, 305 2nd Avenue, 305 2nd Avenue, 305 2nd Avenue, 305 2nd Avenue, and others, Gramercy, Manhattan for $9.5 million to Bethpage Federal Credit Union on November 16, 2023.

Bruman Realty borrowed $20 million from Bethpage Federal Credit Union for 57 Spring Street and 55 Spring Street, Nolita, Manhattan on October 04, 2023.

JAM Real Estate Partners borrowed $5.7 million from Bethpage Federal Credit Union for 345 East 92nd Street, Yorkville, Manhattan on August 04, 2023.

Rockledge borrowed $8.8 million from Bethpage Federal Credit Union for 7201 Ridge Boulevard, Bay Ridge, Brooklyn on July 17, 2023.

Latest Stories:

• Mordechai Kohn signs $21M refi for industrial in Red Hook (February 17, 2025)

• Legion Investment Group files plans for 36-unit building in Greenwich Village (February 14, 2025)

• Simcha Applegrad signs $23M refi with Bethpage for 108-unit walkup in Soundview (September 26, 2024)

• Bethpage Federal files $33M pre-foreclosure on office condo (June 13, 2024)

• Victor Sigoura’s Legion pays $57.5M to Philips, Lawland, others for office building in Greenwich Village (May 14, 2024)

• JY Capital Group buys $8.5M note secured by NoMad commercial in foreclosure (March 26, 2024)

• PH Realty Capital signs $17.3M refi with LMF Commercial for 18-unit rental in Lenox Hill (February 28, 2024)

• Investor in $46M Midtown West office condo sues partner over $1.4M commission, transparency (December 15, 2023)

• Lender Bethpage Federal acquires 20 commercial condo units in Gramercy with $9.5M value (November 17, 2023)

• Philips International sells stakes in $31M Village office property to Lawland, Arnold Penner, Rhodes (July 17, 2023)

Court Records:

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Properties:

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*The Portfolio Value is a PincusCo estimate based on a property’s recent sale or loan, or multiplying the city’s Market Value by two.

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