9211 4 Avenue

Owner: Allied Properties

Acquired: November 14, 2023, $15.6 million

Debt: November 14, 2023, $11.9 million

Built: 1965

Renovated: 1988

SF: 79,173

Dwelling units: 0

No. of buildings: 1

Class: Office with Comm — 7 to 19 stories (O6)

Floors: 7

Transactions:

• Allied Properties borrowed $11.9 million from Madison Realty Capital for 9201 4th Avenue, Bay Ridge, Brooklyn on November 14, 2023.

• Demetrios Spiropoulos sold 9201 4th Avenue, Bay Ridge, Brooklyn for $15.6 million to Allied Properties on November 14, 2023.

• Allied Partners on May 27, 2021 bought a loan with an original principal of $16.4 million from New York Community Bank, signed by Efthimios Zisimopoulos, secured by 9201 4th Avenue, Bay Ridge, Brooklyn, when owned by SPL Partners.

Development:

• Nicole Reposa filed plans for alteration in Bay Ridge, Brooklyn, on January 06, 2025.

• Athanasios Tzivas filed plans for alteration in Bay Ridge, Brooklyn, on December 21, 2023.

• Mahbubur Rahman filed plans for alteration in Bay Ridge, Brooklyn, on September 16, 2022.

• Joginder Singh filed plans for alteration in Bay Ridge, Brooklyn, on July 13, 2022.

• Kalnetta Whittenburg filed plans for alteration in Bay Ridge, Brooklyn, on April 15, 2019.

Litigation:

• Allied Properties filed a $16.4 million pre-foreclosure on May 25, 2021, against James Pappas, Robert Silvestri and Demetrios Spiropoulos at 9201 4 Avenue.

Violations:

According to city public data, the properties have received three DOB violations, $4,900 in ECB penalties, and $8,040 in OATH penalties in the last year.

Latest Stories:

• Allied Properties acquires $15.6M Bay Ridge office building through bankruptcy (November 15, 2023)

• Allied Partners buys $16.4M note secured by SPL Properties’ Bay Ridge office (May 28, 2021)

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