1477 1 Avenue

Owner: David Strauss

Debt: June 01, 2026, $4 million

Built: 1910

Renovated: 2006

SF: 6,903

Dwelling units: 9

No. of buildings: 1

Class: Over Six Families With Stores (C7)

Floors: 4

Transactions:

• David Strauss borrowed $4 million from Derby Copeland Capital for 1475 1st Avenue, Lenox Hill, Manhattan on June 01, 2026.

• SKW Funding on December 10, 2021 bought a loan with an original principal of $4.8 million from BankUnited, signed by Juan Bustabad, secured by 1475 1st Avenue, Upper East Side, Manhattan, when owned by Thomas Makkos.

Development:

• Thomas Makkos filed major alteration job 104787580 for RES building with 9 apartments in Lenox Hill, Manhattan, on May 30, 2007.

• David Chen filed alteration job M01408801 for 130 sqft COM building with 9 apartments in Lenox Hill, Manhattan, on June 09, 2026.

• Paramjit Kaur filed alteration job M01394428 for 200 sqft building with 10 apartments in Lenox Hill, Manhattan, on May 06, 2026.

• David Strauss filed alteration job M01166538 for 1,321 sqft COM building with 9 apartments in Lenox Hill, Manhattan, on January 24, 2025.

• Thomas Makkos filed alteration job 120502937 for RES building with 9 apartments in Lenox Hill, Manhattan, on October 15, 2010.

• Nick Pappas filed alteration job 104352905 for building with 9 apartments in Lenox Hill, Manhattan, on February 10, 2006.

Litigation:

• SKW Funding filed a $4.8 million pre-foreclosure 850020/2022 on January 21, 2022, against Thomas Makkos and George Makkos at 1475 1 Avenue.

Violations:

According to city public data, the properties have received $21,250 in ECB penalties and $23,430 in OATH penalties in the last year.