Gur Yeshiva signs $18M refi for school in landmarked building in Dyker Heights

The Talmud Torah D’Chasidei Gur school, also known as the Gur Yeshiva, through the entity 6301 12th Ave LLC as borrower signed a refi loan with lender BankUnited through the entity Bankunited, N.A. valued at $18 million for the specialty building (M4) at 6301 12th Avenue in Dyker Heights, Brooklyn.

This is the former Angel Guardian Home, a city landmark designated in 2020. This is a Torah school belonging to the Gur Hasidic community, named in honor of the Imrei Emes Rebbe, Rabbi Avraham Mordechai Alter.

The building was segmented into three community facility condominium units, with the largest unit occupying 90 percent of the building, unit 1, as the security for this $18 million loan.
The deal closed on December 16, 2025 and was recorded on January 20, 2026. The prior lender was Bank of Princeton which held debt that had an original loan amount of $12.4 million.
The Talmud Torah D’Chasidei Gur bought the property on December 22, 2020, for $9 million. The signatory for the school was Abraham Schmidt . The signatory for BankUnited was Gabriella DiMaggio.

The property

The entire building in Dyker Heights has 66,491 gross square feet of built space and 997 square feet of additional air rights for a total buildable of 67,336 square feet according to a PincusCo analysis of city data. The parcel has frontage of 190 feet and is 303 feet deep with a total lot size of 49,879 square feet. The zoning is R5B which allows for up to 1.35 times floor area ratio (FAR) for residential. The property is in the Individual Landmark. The city-designated market value for the property in 2022 is $6.5 million.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the property for the past 24 months. In addition, according to city public data, the property has received $1,050 in OATH penalties in the last year.

Development

On the lot, there is one active major alteration construction project, B00487186, for a 41,694 square-foot E building. The project was submitted by Abraham Schmidt with plans filed March 25, 2021 and permitted July 23, 2021.

The neighborhood

In Dyker Heights, The bulk, or 30 percent of the 7.1 million square feet of commercial built space are mixed-use buildings, with walkup buildings next occupying 26 percent of the space. In sales, Dyker Heights has had very little sales volume relative to other neighborhoods with $176.1 million in sales volume in the last two years. For development, Dyker Heights has had very little major development activity relative to other neighborhoods.It had 380,452 square feet of commercial and multi-family construction under development in the last two years, which represents 5 percent of the neighborhood’s built space.

The block

On this tax block, PincusCo has identified the owners of one of the two commercial properties representing 226,429 square feet of the 226,429 square feet. The identified owner is Guan Yu Li.
On the tax block, there was one new building construction project filed totaling 76,883 square feet. It is a 76,883 square-foot educational (E) building submitted by NYC School Construction Authority and filed by C. Colin Albert with plans filed February 23, 2021 and permitted May 26, 2022.

The majority, or 100 percent of the 226,429 square feet of built space are elevator buildings, with development buildings next occupying 0 percent of the space.

The borrower

The PincusCo database currently indicates that Yaakov Klein owned at least two commercial properties with 69 residential units in New York City with 142,220 square feet and a city-determined market value of $19.3 million. (Market value is typically about 50% of actual value.) The portfolio has $65.4 million in debt, borrowed from Bank of America and Bank of Princeton. Within the portfolio, the bulk, or 53 percent of the 142,220 square feet of built space are elevator properties, with M4 properties next occupying 47 percent of the space. They are all located in Brooklyn.
The PincusCo database currently indicates that Meir Frei owned at least one commercial property in New York City with 66,491 square feet and a city-determined market value of $6 million. (Market value is typically about 50% of actual value.) The portfolio consists of at least a single M4 property. It is located in Brooklyn.
The PincusCo database currently indicates that Avraham Mordechai Weits owned at least one commercial property in New York City with 66,491 square feet and a city-determined market value of $6 million. (Market value is typically about 50% of actual value.) The portfolio consists of at least a single M4 property. It is located in Brooklyn.

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