225 Bowery
Lower East Side, Manhattan
Parcel ID (BBL): 1004260005
Owner: Omnia Properties
Debt: July 24, 2024, $85.3 million
Built: 1910
Renovated: 2014
SF: 63,599
Dwelling units: 0
No. of buildings: 1
Class: Transient Occupancy-Midtown Mn Area (H3)
Floors: 14
Legacy BBLs: 1004260005.00000000
Transactions:
• None borrowed $85.3 million from Northwind Group for 223 Bowery, Lower East Side, Manhattan on July 24, 2024.
• Northwind Group on May 04, 2023 bought a loan with an original principal of $68 million from Bank Hapoalim, secured by 225 Bowery, Lower East Side, Manhattan, when owned by Omnia Properties.
Development:
• David Paz filed major alteration job 121862751 for 61,684 sqft R-1 building with 201 apartments in Lower East Side, Manhattan, on December 13, 2013.
• David Paz filed alteration job M00554310 for 1 sqft building with 0 apartments in Lower East Side, Manhattan, on July 12, 2021.
• Joseph Dalto filed alteration job M00234282 for building with 185 apartments in Lower East Side, Manhattan, on December 19, 2019.
• Joseph Dalto filed alteration job M00234410 for R-1 building with 201 apartments in Lower East Side, Manhattan, on December 19, 2019.
• Joseph Dalto filed alteration job M00234401 for R-1 building with 201 apartments in Lower East Side, Manhattan, on December 19, 2019.
• Joseph D’Alto filed alteration job 123868298 for R-1 building with 201 apartments in Lower East Side, Manhattan, on December 17, 2019.
Litigation:
• David Paz and Omnia Group filed a $15 million lawsuit 25-50018-TMH on January 23, 2025,seeking a money judgment related to loanat 223 Bowery.
• Northwind Group filed a $7.5 million lawsuit 650131/2025 against Omnia Properties on January 10, 2025,seeking a judgment related to block UCC saleat 223 Bowery.
• 8th Bridge Capital filed a $19.5 million lawsuit 655592/2023 against David Paz and Omnia Group on November 09, 2023,seeking a money judgment related to loanat 223 Bowery.
• David Paz and Omnia Group on January 24, 2023, filed a $10.4 million bankruptcy 23-10094 for 223 Bowery that has creditor Ace Group.
• Bradford D. Wilson filed a $10.4 million lawsuit 653631/2022 against David Paz, Northwind Group and Omnia on October 03, 2022,seeking a money judgment related to contractat 223 Bowery.
Violations:
According to city public data, the properties have received $4,070 in OATH penalties in the last year.