Lay Assets
2812 Kings Highway, # 7A Brooklyn, New York 11229,
People:
Lay Assets NYC portfolio
$164.5 million -V1 38%, development 26%, elevator 20%; Brooklyn 100%*
1098th largest portfolio by dollar value
69,706 sqft – condo 50%, elevator 39%, V1 4%; Brooklyn 100%
2900th largest by SF
9 properties – Brooklyn 100%
1142th largest
185 residential units – Brooklyn 100%
1219th largest by residential units
Company Activity past 24 months:
Seller company: 1 for $52.5 million
Borrower company: 2 for $78 million
Top Ten Associated Companies:
Valley National Bank (7), Aurec Capital (1), Golden Arc (1), Emerald Creek Capital (1), S3 Capital (1)
Top Ten Associated People:
Harris Schornstein (1), Yonit Tzadok (1), Declan Meagher (1), Joshua Crane (1)
Recent activity as company:
• Lay Assets sold 1929 Avenue T for $52.5 million to Aurec Capital and Golden Arc on August 22, 2025.
• Lay Assets borrowed $48 million from S3 Capital for 530 Avenue L on October 23, 2024.
• Lay Assets borrowed $30 million from Emerald Creek Capital for 1779 Coney Island Avenue on August 22, 2024.
• Lay Assets for Eddie Yair filed plans for new building for 98,948 sqft in Midwood, Brooklyn, on November 03, 2023.
• Lay Assets borrowed $12 million from Valley National Bank for None on April 19, 2023.
• Solomon Safdeye, Alan Safdeye and Gabriel Safdeye sold None for $3.3 million to Lay Assets on April 19, 2023.
• Lay Assets borrowed $10.3 million from Valley National Bank for 1730 Ocean Avenue on December 02, 2022.
• Lay Assets borrowed $25.8 million from Valley National Bank for 1779 Coney Island Avenue on April 19, 2022.
• Lay Assets borrowed $14.8 million from Valley National Bank for 2812 Kings Highway, 2812 Kings Highway, and 2812 Kings Highway, Sheepshead Bay, Brooklyn on August 06, 2021.
• Lay Assets borrowed $14.6 million from Valley National Bank for 2733 East 12 Street on May 13, 2021.
Latest Stories:
• Lay Assets signs $48M construction loan with S3 Capital in Midwood (November 14, 2024)
• Lay Assets files plans for 28-unit project in Midwood (November 06, 2023)
• Lay Assets signs $12M loan with Valley National for dev site in Midwood (May 08, 2023)
• Eddie Yair’s Lay Assets pays $4.5M for gas station in Midwood (December 14, 2020)
• Eddie Yair pays $3M for development site in Midwood (April 09, 2020)
Properties: