Abraham Betesh

AbeCo Organization

Owner

6701 Bay Parkway, Third Floor Brooklyn, NY 11204

AbeCo Organization portfolio

(NYC’s “Market Value,” 50% or less of actual value)

$23.4 million – elevator 44%, mixed-use 22%; Brooklyn 100%, Manhattan 0%

1561th largest portfolio by dollar value

125,158 sqft – elevator 42%, walkup 32%;

1630th largest by SF

16 properties – Brooklyn 100%, Manhattan 0%

141th largest

242 residential units – Brooklyn 100%, Manhattan 0%

561th largest by residential units

Person Activity past 24 months:

Buyer signatory: 1 for $2.1 million

Seller signatory: 1 for $2 million

Borrower signatory: 2 for $31 million

Lender signatory: 0 for $0

Developer (new building or major alteration): 0 for 0 square feet

Top Ten Associated People:

Steve Dorritie (1), Gary Hoffson (1), Ruben Azrak (1), Bibi Salim (1), Raul Presco (1), Greg Shlionsky (1), Michael Betesh (1)

Recent activity as signatory:

• Margate Atlantic Properties sold 822 Broadway, Bedford Stuyvesant, Brooklyn for $2.1 million to AbeCo Organization on October 30, 2024.

• AbeCo Organization borrowed $15 million from Amalgamated Bank for 914 East New York Avenue, 906 East New York Avenue, and 916 East New York Avenue, East Flatbush, Brooklyn on September 05, 2024.

• AbeCo Organization sold 5402 Church Avenue, East Flatbush, Brooklyn for $2 million to Bibi Salim on June 12, 2024.

• AbeCo Organization borrowed $16 million from Popular Bank for 1-9 Putnam Avenue, Clinton Hill, Brooklyn on March 07, 2024.

• AbeCo Organization borrowed $15 million from Metropolitan Commercial Bank for 1881 Mcdonald Avenue and 369 Quentin Road, Gravesend, Brooklyn on November 15, 2022.

• Ruben Azrak sold 473 Tompkins Avenue, Bedford-Stuyvesant, Brooklyn for $2.4 million to Abraham Betesh on September 22, 2022.

• Hidrock Properties borrowed $12.3 million from Popular Bank for 1288 East 19th Street, Midwood, Brooklyn on June 28, 2022.

• Abraham Betesh borrowed $12.2 million from Metropolitan Commercial Bank for 906 East New York Avenue, 916 East New York Avenue, and 914 East New York Avenue, East Flatbush, Brooklyn on May 09, 2022.

• Abraham Betesh borrowed $5.1 million from company for 1256 Ocean Avenue, Flatbush, Brooklyn on January 24, 2022.

• Rosemawr Management sold 166 Kings Highway, Gravesend, Brooklyn for $4.8 million to Abraham Betesh on April 05, 2021.