14 53 Street
Sunset Park, Brooklyn
Parcel ID (BBL): 3008030192
Owner: Capstone Equities
Acquired: September 12, 2023, $41.2 million
Debt: November 21, 2025, $9.2 million
Built: 1918
Renovated: 2015
SF: 382,080
Dwelling units: 0
No. of buildings: 1
Class: Office with Comm — 7 to 19 stories (O6)
Floors: 7
Transactions:
• Capstone Equities borrowed $9.2 million from Argentic Investment Management for 14 53rd Street, Sunset Park, Brooklyn on November 21, 2025.
• Nightingale Properties sold 14 53rd Street, Sunset Park, Brooklyn for $41.2 million to Capstone Equities on September 12, 2023.
• Capstone Equities borrowed $49.5 million from Argentic Investment Management for 14 53rd Street, Sunset Park, Brooklyn on September 07, 2023.
• Nightingale Properties sold 14 53rd Street, Sunset Park, Brooklyn for $75 million to Capstone Equities on September 07, 2023.
• Capstone Equities on May 26, 2023 bought a loan with an original principal of $88.9 million from TPG Real Estate Partners, signed by Deborah Ginsberg, secured by 14 53rd Street, Sunset Park, Brooklyn, when owned by Nightingale Properties.
Development:
• Daniel Cobleigh filed major alteration job 321197432 for 390,237 sqft F-2 building in Sunset Park, Brooklyn, on January 13, 2016.
• Michael Fabean filed alteration job B01362821 for 10,871 sqft F-2 building with 0 apartments in Sunset Park, Brooklyn, on March 06, 2026.
• Michael Fabean filed alteration job B01347022 for 700 sqft COM building with 0 apartments in Sunset Park, Brooklyn, on January 16, 2026.
• Michael Fabean filed alteration job B01325419 for 10,000 sqft 59 building with 0 apartments in Sunset Park, Brooklyn, on January 14, 2026.
• Michael Fabean filed alteration job B01307686 for 1,000 sqft building with 0 apartments in Sunset Park, Brooklyn, on October 24, 2025.
• Michael Fabean filed alteration job B01305396 for 1,000 sqft building with 0 apartments in Sunset Park, Brooklyn, on October 20, 2025.
Litigation:
• Simcha Hyman filed a $2 million lawsuit 654098/2024 against Elchonon Schwartz and Nightingale Properties on August 12, 2024,seeking a money judgment related to loanat 14 53 Street.
• Capstone Equities filed a $88 million lawsuit 519886/2023 against Elchonon Schwartz and Nightingale Properties on July 11, 2023,seeking a money judgment related to loanat 14 53 Street.
• Nightingale Properties filed a $22 million lawsuit 502059/2023 against TPG Capital on January 20, 2023,seeking a money judgment related to note saleat 14 53 Street.
• Nightingale Properties filed a $20 million lawsuit 501640/2023 on January 17, 2023,seeking a money judgment related to note saleat 14 53 Street.
Violations:
According to city public data, the properties have received $7,500 in ECB penalties and $8,850 in OATH penalties in the last year.
Latest Stories:
• Capstone sues Nightingale CEO over $90M in alleged guarantys at Whale Building (July 13, 2023)
• Capstone Equities buys $88.9M note on Nightingale’s Whale in Sunset Park (May 30, 2023)
• Nightingale sues Capstone over Sunset Park note sale, seeks $20M (January 18, 2023)
• Nightingale Group borrows $88.9M from TPG to buy property in Sunset Park (October 20, 2020)
