Efthimios Zisimopoulos

(Tim Ziss)

Allied Properties

Owner

9322 3rd Ave #502 Brooklyn, NY 11209

Allied Properties NYC portfolio

$29.9 million* – office 99%; Brooklyn 99%

2535th largest portfolio by dollar value

117,794 sqft – office 100%;

1762th largest by SF

2 properties – Brooklyn 100%

3205th largest

2 foreclosures, 4 bankruptcies, 0 other court cases.

Person Activity past 24 months:

Buyer signatory: 1 for $15.6 million

Seller signatory: 2 for $21.9 million

Borrower signatory: 1 for $11.9 million

Top Ten Associated People:

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

Recent activity as signatory:

Allied Properties sold 801 65th Street, Dyker Heights, Brooklyn for $8.2 million to Shan An Zhao on September 23, 2024.

Allied Properties borrowed $11.9 million from Madison Realty Capital for 9201 4th Avenue, Bay Ridge, Brooklyn on September 15, 2023.

Demetrios Spiropoulos sold 9201 4th Avenue, Bay Ridge, Brooklyn for $15.6 million to Allied Properties on September 15, 2023.

Allied Properties sold 213-07 Northern Boulevard, Bayside, Queens for $13.6 million to Yong Ho Lee on August 17, 2023.

Allied Properties borrowed $10.5 million from Dime Community Bank for 437 88th Street, Bay Ridge, Brooklyn on June 01, 2022.

Efthimios Zisimopoulos borrowed $7.8 million from Brick Capital Group for 213-07 Northern Boulevard, Bayside, Queens on May 01, 2022.

Efthimios Zisimopoulos borrowed $10 million from Dime Community Bank for 437 88th Street, Bay Ridge, Brooklyn on December 01, 2021.

Efthimios Zisimopoulos borrowed $8.8 million from Brick Capital Group for 213-07 Northern Boulevard, Queens, Queens on August 01, 2021.

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

Allied Properties sold 8802 5th Avenue, Bay Ridge, Brooklyn for $21 million to NYC School Construction Authority on August 06, 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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*The Portfolio Value is a PincusCo estimate based on a property’s recent sale or loan, or multiplying the city’s Market Value by two.

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