1604 Avenue P
Sheepshead Bay, Brooklyn
Parcel ID (BBL): 3067790001
Owner: Arch Companies
Acquired: September 12, 2022, $22.3 million
Debt: September 12, 2022, $10.8 million
Built: 0
SF: 0
Dwelling units: 0
No. of buildings: 1
Class: Not Zoned Residential or Manhattan Below 110 St (V1)
Transactions:
• Arch Companies borrowed $10.8 million from Valley National Bank for 1633 East 16th Street, Sheepshead Bay, Brooklyn on September 12, 2022.
• AB Capstone sold 1633 East 16th Street, Sheepshead Bay, Brooklyn for $22.3 million to Arch Companies on September 12, 2022.
Development:
• Meir Babaev filed plans for alteration in Sheepshead Bay, Brooklyn, on July 19, 2016.
• Meir Babaev filed plans for A3 in Sheepshead Bay, Brooklyn, on November 11, 2016.
• Joseph Zanzuri filed plans for A3 in Sheepshead Bay, Brooklyn, on March 09, 2016.
• Abe Cohen filed plans for alteration in Sheepshead Bay, Brooklyn, on August 06, 2014.
• Meir Babaev filed plans for A3 in Sheepshead Bay, Brooklyn, on November 11, 2016.
Litigation:
• Valley National Bank filed a $10.8 million pre-foreclosure 530875/2023 on October 24, 2023, against AB Capstone, Albert Babaev and Meir Babaev at 1633 East 16 Street.
Violations:
According to city public data, the properties have received $2,470 in OATH penalties in the last year.