354 State Street

Boerum Hill, Brooklyn

Parcel ID (BBL): 3001770011

Acris records

Owner: Penn South Capital

Acquired: May 20, 2025, $11 million

Debt: May 20, 2025, $8.1 million

Built: 1920

Renovated: 1983

SF: 9,245

Dwelling units: 20

No. of buildings: 1

Class: Over Six Families Without Stores (C1)

Floors: 5

Transactions:

Penn South Capital borrowed $8.1 million from JPMorgan Chase for 354 State Street and 356 State Street, Boerum Hill, Brooklyn on May 20, 2025.

Kushner Companies and C-III Capital Partners sold 354 State Street and 356 State Street, Boerum Hill, Brooklyn for $11 million to Penn South Capital on May 20, 2025.

Kushner Companies borrowed $8.4 million from Signature Bank for 354 State Street, 356 State Street, Boerum Hill, Brooklyn on March 23, 2020.

Development:

• Tara Dexter filed plans for alteration in Boerum Hill, Brooklyn, on March 15, 2023.

• Tara Dexter filed plans for alteration in Boerum Hill, Brooklyn, on March 15, 2023.

• Kevin Schreiber filed plans for alteration in Boerum Hill, Brooklyn, on April 17, 2015.

• Kevin Schreiber filed plans for alteration in Boerum Hill, Brooklyn, on August 03, 2015.

• Jeffrey Kaye filed plans for alteration in Boerum Hill, Brooklyn, on September 30, 2014.

Violations:

According to city public data, the properties have received $1,640 in OATH penalties in the last year.

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