Efthimios Zisimopoulos

(Tim Ziss)

Allied Properties

Owner

9322 3rd Ave #502 Brooklyn, NY 11209

Allied Properties NYC portfolio

$387.4 million -office 80%, elevator 14%, P9 4%; Manhattan 70%, Brooklyn 14%, Queens 14%*

569th largest portfolio by dollar value

676,576 sqft – office 61%, elevator 36%, P9 2%; Manhattan 42%, Queens 36%, Brooklyn 21%

671th largest by SF

7 properties – Brooklyn 57%, Queens 28%, Manhattan 14%

1427th largest

236 residential units – Queens 100%

1018th largest by residential units

2 foreclosures, 4 bankruptcies, 1 other court case.

Person Activity past 24 months:

Seller signatory: 1 for $8.2 million

Top Ten Associated People:

Eric C. Roth (2), Steven W Lawitts (2), William J. Newham, III (1), Theresa McCarthy (1), Joshua Zegan (1), Yong Ho Lee (1), Shan An Zhao (1), Igor Vaysberg (1), Demetrios Spiropoulos (1)

Recent activity as signatory:

Allied Properties sold 6423 8 Avenue for $8.2 million to Shan An Zhao on September 23, 2024.

Allied Properties borrowed $11.9 million from Madison Realty Capital for 9211 4 Avenue on September 15, 2023.

Demetrios Spiropoulos sold 9211 4 Avenue for $15.6 million to Allied Properties on September 15, 2023.

Allied Properties sold 43-27 213 Street for $13.6 million to Yong Ho Lee on August 17, 2023.

Allied Properties borrowed $10.5 million from Dime Community Bank for 447 88 Street on June 01, 2022.

Efthimios Zisimopoulos borrowed $7.8 million from Brick Capital Group for 43-27 213 Street on May 01, 2022.

Efthimios Zisimopoulos borrowed $10 million from Dime Community Bank for 447 88 Street on December 01, 2021.

Allied Properties sold 429 89 Street for $6 million to NYC School Construction Authority on August 06, 2021.

Allied Properties sold 8824 5 Avenue for $21 million to NYC School Construction Authority on August 06, 2021.

Efthimios Zisimopoulos borrowed $8.8 million from Brick Capital Group for 43-27 213 Street on August 01, 2021.

Latest Stories:

• Tim Ziss files 4th bankruptcy in 3 years, now at Bay Ridge medical valued at $33.3M (January 20, 2025)

• Shan An Zhao pays $8.2M to Allied Properties for dev site in Dyker Heights (October 03, 2024)

• $11.9M pre-foreclosure filed at Allied Properties nearly finished Bay Ridge office building (August 22, 2024)

• Allied Properties acquires $15.6M Bay Ridge office building through bankruptcy (November 15, 2023)

• Ramirez Asset Management pays $19.5M for mixed-use in Midtown East sought by Harry Macklowe (October 18, 2023)

• Yong Ho Lee pays $13.6M to Allied Properties for office in Bayside (August 29, 2023)

• Tim Ziss uses bankruptcy to preserve $22.5M Midtown East contract adjacent to Macklowe assemblage (April 21, 2023)

• Courts roundup: $31.5M condo lender suit, $5M dev site bankruptcy in Bay Ridge (September 26, 2022)

• Broadfield Realty Capital pays $5.4M for dev site in Dyker Heights (January 24, 2022)

• NYC School Construction Authority pays $27M to Allied Properties in Bay Ridge (August 17, 2021)

Court Records:

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