Zalmen Biederman family signs $9.6M refi with Wells Fargo for two properties in Williamsburg

The family of Zalmen Biederman through the entity 24 Havemeyer LLC as borrower signed a refi loan with lender Wells Fargo  valued at $9.6 million for two properties with 11 residential units including the four-unit mixed-use building (S9) at 376 Graham Avenue in Williamsburg, Brooklyn and seven-unit residential walkup building (C1) at 24 Havemeyer Street in Williamsburg, Brooklyn.
The deal closed on February 2, 2026 and was recorded on February 13, 2026. The prior lender was Popular Bank which held debt that had an original loan amount of $8.1 million.The two properties have 11,250 square feet of built space and 1,881 square feet of additional air rights for a total buildable of 13,125 square feet according to a PincusCo analysis of city data. The loan price per built square foot is $851 and the price per buildable square foot is $729 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 signatory for the family of Zalmen Biederman was Miriam Biederman.

Because multiple properties have been transacted, some of the following sections will follow the property with the largest assessed value, which in this case, is the property on 24 Havemeyer Street.

Prior sales, articles and revenue

The owners according to the Department of Housing Preservation and Development includes Zalmen Biederman, head officer and Mendy Deutch, agent. The business entities are 24 Havemeyer Llc and 24 Havemeyer Llc. Out of the two properties, one with a total of 11,250 square feet of built space generated revenue of $143,138 per year.

The property

The residential walkup building with 7 residential units in Williamsburg has 11,250 square feet of built space and 1,881 square feet of additional air rights for a total buildable of 13,125 square feet according to a PincusCo analysis of city data. The parcel has frontage of 25 feet and is 75 feet deep with a total lot size of 1,875 square feet. The zoning is M1-2/R6A which allows for up to 2 times floor area ratio (FAR) for manufacturing and up to 3 times FAR for residential with inclusionary housing. The city-designated market value for the property in 2022 is $1.7 million.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the properties for the past 24 months. In addition, according to city public data, the properties have not received any significant violations in the last year.

Development

For the tax lot buildings, one out of the two buildings received a initial certificate of occupancy in the last ten years. There are no active new building construction projects or major alteration projects with initial costs more than $1 million on this tax lot.

The block

On the tax block of 24 Havemeyer Street, PincusCo has identified the owners of seven of the nine commercial properties representing 232,675 square feet of the 270,425 square feet. The largest owner is Hubb Nyc, followed by Meadow Partners and then Joel Mizrahi.
There are no active new building construction projects on this tax block.

The majority, or 56 percent of the 270,425 square feet of built space are elevator buildings, with walkup buildings next occupying 44 percent of the space.

The borrower

The PincusCo database currently indicates that Zalmen Biederman owned at least 10 commercial properties with 87 residential units in New York City with 85,763 square feet and a city-determined market value of $19.7 million. (Market value is typically about 50% of actual value.) The portfolio has $20.1 million in debt, with top three lenders as Dime Community Bank, Popular Bank, and Bates Holdings II, LLC respectively. Within the portfolio, the bulk, or 92 percent of the 85,763 square feet of built space are walkup properties, with mixed-use properties next occupying 8 percent of the space. The bulk, or 89 percent of the built space, is in Brooklyn, with Manhattan next at 11 percent of the space.

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