Yitzhak Assyag signs $10M refi with Golden Bridge for 15-unit condo in Greenpoint

Yitzhak Assyag through the entity Housman Villa LLC as borrower signed a refi loan with lender Golden Bridge Funding valued at $10 million for the 15-unit residential walkup building (C1) at 19 Hausman Street in Greenpoint, Brooklyn.
The deal closed on December 9, 2022 and was recorded on December 27, 2022. The property has 14,131 square feet of built space according to PincusCo analysis of city data. The loan price per built square foot is $707 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The owner bought the property on March 29, 2016, for $4.5 million. The signatory for Yitzhak Assyag was Yitzhak Assyag. The signatory for Golden Bridge Funding was Xiumei Dong.

The property

The 19 Hausman Street parcel has frontage of 50 feet and is 144 feet deep with a total lot size of 5,950 square feet. The lot is irregular. The zoning is R6B which allows for up to 2 times floor area ratio (FAR) for residential with inclusionary housing. The city-designated market value for the property in 2022 is $822,000.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the property since September of 2020. In addition, according to city public data, the property has received $13,185 in ECB penalties and $17,365 in OATH penalties in the last year.

Development

On the lot, there is one active new building construction project for a 15-unit, 14,131 square-foot R-2 building. The project was developed by Hadas Hakmon with plans filed February 17, 2016. On the tax lot, the most recent condominium plan was filed by HOUSMAN VILLA LLC ** to create 15 residential units in a building at 19 Hausman Street in Greenpoint, Brooklyn, called Villas At Hausman (The) F/K/A 19 Hausman Street that has a $17.8 million sellout, according to an January 8, 2019 submission to the New York State Attorney General.The principal of the sponsor, HOUSMAN VILLA LLC **, was Rafi Manor.

The block

On this tax block, PincusCo has identified the owners of 16 of the 20 commercial properties representing 113,089 square feet of the 134,666 square feet. The largest owner is St. Nicks Alliance, followed by Slawomir Biedrzycki and then Roman Holowiak.
On the tax block, there was one new building construction project filed totaling 14,131 square feet. It is a 15-unit, 14,131-square-foot R-2 building developed by Hadas Hakmon with plans filed February 17, 2016 and permitted April 9, 2018.

The majority, or 69 percent of the 134,666 square feet of built space are walkup buildings, with mixed-use buildings next occupying 31 percent of the space.

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