Cypress Hills Local Development Corporation

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Cypress Hills Local Development Corporation NYC portfolio

$17.1 million -C6 61%, walkup 24%, B1 10%; Brooklyn 100%*

3798th largest portfolio by dollar value

48,573 sqft – C6 46%, walkup 44%, B1 4%; Brooklyn 100%

3497th largest by SF

6 properties – Brooklyn 100%

1788th largest

57 residential units – Brooklyn 100%

2476th largest by residential units

Company Activity past 24 months:

Buyer company: 1 for $3.1 million

Borrower company: 1 for $14.8 million

Top Ten Associated Companies:

Local Initiatives Support Corporation (1)

Recent activity as company:

• Cypress Hills Local Development Corporation borrowed $14.8 million from Local Initiatives Support Corporation for 2381 Dean Street, 211 Hull Street, 47 Hill Street, 246 Lincoln Avenue, and 1823 Eastern Parkway, Brownsville, Brooklyn on April 30, 2024.

• Philip Knoll sold 248 Arlington Avenue for $3.1 million to Cypress Hills Local Development Corporation on February 29, 2024.

• Cypress Hills Local Development Corporation for Michelle Neugebauer filed plans for new building for 47,048 sqft in Cypress Hills, Brooklyn, on August 08, 2014.

• Cypress Hills Local Development Corporation for Abdulla Darrat filed plans for new building for 68,749 sqft in East New York, Brooklyn, on November 08, 2013.

• Cypress Hills Local Development Corporation for Michelle Neugebauer filed plans for new building for 47,664 sqft in Cypress Hills, Brooklyn, on February 23, 2012.

Properties:

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