Eddie Yair

Lay Assets

Developer, Owner

2812 Kings Highway, # 7A Brooklyn, New York 11229,

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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

Person Activity past 24 months:

Borrower signatory: 2 for $78 million

Developer (new building or major alteration): 4 for 1 square feet

Top Ten Associated Companies:

Valley National Bank (7), Emerald Creek Capital (1), Henry A. Alpert (1), S3 Capital (1)

Top Ten Associated People:

Declan Meagher (1), Henry A. Alpert (1), Joshua Crane (1), Harris Schornstein (1)

Recent activity as signatory:

• 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.

• 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.

• 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.

• Eddie Yair filed plans for new building for 59,559 sqft in Midwood, Brooklyn, on January 12, 2021.

• Henry A. Alpert sold 1779 Coney Island Avenue for $4.5 million to Lay Assets on November 17, 2020.

Latest Stories:

• Aurec Capital, Golden Arc pay $52.5M to Lay Assets for 105-unit building in Sheepshead Bay (September 03, 2025)

• Lay Assets signs $48M construction loan with S3 Capital in Midwood (November 14, 2024)

• Lay Assets signs $30M refi with Emerald Creek for newly built 75-unit rental in Midwood (August 29, 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)

• Lay Assets signs $25.8M construction loan with Valley for 75-unit project in Midwood (May 26, 2022)

• Eddie Yair’s Lay Assets pays $4.5M for gas station in Midwood (December 14, 2020)

• Lay Assets borrows $49M from Valley National Bank for newly built apartment in Sheepshead Bay (July 21, 2020)

• Eddie Yair pays $3M for development site in Midwood (April 09, 2020)

Properties:

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