First Bank

2465 Kuser Rd, Suite 101 Trenton, NJ 08690

myfirstbank.com

People:

Company Activity past 24 months:

Buyer company: 1 for $2.7 million

Seller company: 1 for $5.2 million

Lender company: 1 for $6.4 million

Top Ten Associated Companies:

Davco Supply (1)

Top Ten Associated People:

Vitaly Zaretsky (1)

Recent activity as company:

• First Bank sold 505 West 19th Street and 505 West 19th Street, Chelsea, Manhattan for $5.2 million to Davco Supply on June 17, 2025.

• Tahari Capital borrowed $6.4 million from First Bank for 6 Avenue B on September 26, 2024.

• HFZ Capital Group sold 505 West 19th Street and 505 West 19th Street, Chelsea, Manhattan for $2.7 million to First Bank on July 18, 2024.

• Westrock Development borrowed $5.5 million from First Bank for 825 East 140 Street on March 24, 2021.

Latest Stories:

• Family of flooring supply company pays $5.2M to First Bank for two retail condos in Chelsea (June 27, 2025)

• First Bank takes back Chelsea retail from HFZ Capital after $16.7M foreclosure (July 31, 2024)

• Foreclosure auction set for HFZ Capital retail with $16.7M loan at Chelsea condo project (December 12, 2023)

• RockSolid Ventures pays $7.8M to Penn South Capital for 10-unit walkup in Alphabet City (October 05, 2023)

• Penn South Capital acquires 10-unit Alphabet City walkup in $5.2M deal (February 07, 2023)

• Courts roundup: Four pre-foreclosures in Manhattan, Brooklyn totaling $12M (November 18, 2022)

• Westrock Development pays $8.3M for industrial property in Mott Haven (November 06, 2020)

• 328 Grand, LLC obtained financing of $5M from Country Bank (August 28, 2019)

Court Records: