112-40 37 Avenue

North Corona, Queens

Parcel ID (BBL): 4017820019

Acris records

Owner: Bayrock Capital

Acquired: January 20, 2023, $42 million

Debt: March 20, 2023, $40 million

Built: 1963

Renovated: 2001

SF: 118,300

Dwelling units: 0

No. of buildings: 1

Class: Luxury Type – Built After 1960 (H2)

Floors: 8

Legacy BBLs: 4017820019

Transactions:

• Company sold 37-10 114th Street and N/A 114th Street, North Corona, Queens for $0 to company on January 08, 2025.

• Company sold 37-10 114th Street and 37-20 114th Street, North Corona, Queens for $0 to company on June 03, 2024.

• Bayrock Capital borrowed $40 million from Dime Community Bank for 37-10 114th Street and 37-20 114th Street, North Corona, Queens on March 20, 2023.

• Bayrock Capital borrowed $35 million from Broadview Capital for 37-10 114th Street and 3720 114th St, North Corona, Queens on January 20, 2023.

• Moinian Group sold 37-10 114th Street, North Corona, Queens for $42 million to Bayrock Capital on January 20, 2023.

Development:

• Shulem Herman filed plans for major alteration for 97,943 sqft in North Corona, Queens, on November 13, 2024.

• Eddie Gazheli filed plans for alteration in North Corona, Queens, on June 13, 2022.

• Lawrence Bremer filed plans for alteration in North Corona, Queens, on June 08, 2022.

• Michael Pomeranc filed plans for alteration in North Corona, Queens, on August 31, 2004.

Most recent Schedule of Occupancy

Litigation:

• Moinian Group filed a $9.8 million lawsuit 653752/2023 against Aiyun Chen, Ai Yun Chen and Wendy Chau on August 03, 2023,seeking a money judgment related to saleat 37-10 114Th Street.

• Sunamerica Realty Group filed a $1.2 million lawsuit 652069/2023 against City of New York on April 28, 2023,seeking a money judgment related to contractat 37-10 114Th Street.

• Wendy Chau filed a $6 million lawsuit 707668/2023 against Ai Yun Chen and Dong Chen on April 12, 2023,seeking a money judgment related to partnershipat 37-10 114Th Street.

• Sam Strulovitch filed a $1.1 million lawsuit 710625/2022 against Wing Fung Chau and Aiyun Chen on May 17, 2022,seeking a money judgment related to down paymentat 37-10 114Th Street.

• A $1.1 million lawsuit was filed on January 04, 2022,seeking a money judgment related to contractat 37-10 114Th Street.