1501 Chestnut Avenue

Midwood, Brooklyn

Parcel ID (BBL): 3067350080

Acris records

Owner: Dermot Company

Acquired: April 06, 2022, $180 million

Debt: April 06, 2022, $108 million

Built: 2017

Renovated: 2016

SF: 382,162

Dwelling units: 302

No. of buildings: 1

Class: Fireproof – With Stores (D6)

Floors: 8

Transactions:

Dermot Company borrowed $108 million from Signature Bank for 1277 East 14th Street, Midwood, Brooklyn on April 06, 2022.

Hampshire Properties sold 1277 East 14th Street, Midwood, Brooklyn for $180 million to Dermot Company on April 06, 2022.

Hampshire Properties borrowed $92.1 million from Berkshire Group for 1263 East 14th Street, Midwood, Brooklyn on October 22, 2020.

Development:

• Baljinder Singh filed plans for A3 in Midwood, Brooklyn, on July 23, 2015.

• Issac Adler filed plans for A3 in Midwood, Brooklyn, on July 31, 2017.

• Tamara Yakubova filed plans for A3 in Midwood, Brooklyn, on September 06, 2017.

• Robert Rosenthal filed plans for alteration in Midwood, Brooklyn, on December 23, 2014.

Hampshire Properties filed plans for new building for 276,761 sqft in Midwood, Brooklyn, on December 08, 2014.

Violations:

According to city public data, the properties have received five housing violations, $100 in OATH penalties, and one housing litigation in the last year.

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