61-20 Madison Street

Owner: Silvershore Properties

Debt: August 31, 2022, $0

Built: 1930

SF: 9,200

Dwelling units: 8

No. of buildings: 1

Class: Over Six Families Without Stores (C1)

Floors: 4

Transactions:

• The lender on August 31, 2022 bought a loan with an original principal of $1.3 million from New York Community Bank, signed by Mitchel A. Baffa, secured by 61-20 Madison Street, Ridgewood, Queens, when owned by Silvershore Properties.

Litigation:

• New York Community Bank filed a $1.3 million pre-foreclosure 722948/2021 on October 13, 2021, against Silvershore Properties at 61-20 Madison Street.

Violations:

According to city public data, the properties have received 33 housing violations and $50 in OATH penalties in the last year.