Allied Properties

9322 3rd Ave #502 Brooklyn, NY 11209

People:

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Allied Properties portfolio

$15.7 million* – office 100%; Brooklyn 100%, Manhattan 0%

2032th largest portfolio by dollar value

117,794 sqft – office 100%;

1724th largest by SF

2 properties – Brooklyn 100%, Manhattan 0%

3116th largest

2 foreclosures, 4 bankruptcies, 0 other court cases.

Company Activity past 24 months:

Buyer company: 1 for $15.6 million

Seller company: 2 for $21.9 million

Borrower company: 1 for $11.9 million

Top Ten Associated People:

Steven W Lawitts (2), Theresa McCarthy (1), Yong Ho Lee (1), Demetrios Spiropoulos (1), Joshua Zegan (1), Shan An Zhao (1), Igor Vaysberg (1)

Recent activity as company:

• Allied Properties sold 801 65th Street, Dyker Heights, Brooklyn for $8.2 million to Shan An Zhao on October 02, 2024.

• 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 Properties sold 213-07 Northern Boulevard, Bayside, Queens for $13.6 million to Yong Ho Lee on August 25, 2023.

• Allied Properties borrowed $10.5 million from Dime Community Bank for 437 88th Street, Bay Ridge, Brooklyn on July 18, 2022.

• Allied Properties sold 8802 5th Avenue, Bay Ridge, Brooklyn for $21 million to NYC School Construction Authority on August 16, 2021.

• Allied Properties sold 429 89th Street, Bay Ridge, Brooklyn for $6 million to NYC School Construction Authority on August 16, 2021.

• Allied Properties sold 1769 86th Street, Bensonhurst, Brooklyn for $18 million to Odiljon Tursunov on April 26, 2021.

Latest Stories:

• Tim Ziss files 4th bankruptcy in 3 years, now at Bay Ridge medical valued at $33.3M (January 20, 2025)

• Shan An Zhao pays $8.2M to Allied Properties for dev site in Dyker Heights (October 03, 2024)

• $11.9M pre-foreclosure filed at Allied Properties nearly finished Bay Ridge office building (August 22, 2024)

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

• Ramirez Asset Management pays $19.5M for mixed-use in Midtown East sought by Harry Macklowe (October 18, 2023)

• Yong Ho Lee pays $13.6M to Allied Properties for office in Bayside (August 29, 2023)

• Tim Ziss uses bankruptcy to preserve $22.5M Midtown East contract adjacent to Macklowe assemblage (April 21, 2023)

• Courts roundup: $31.5M condo lender suit, $5M dev site bankruptcy in Bay Ridge (September 26, 2022)

• Broadfield Realty Capital pays $5.4M for dev site in Dyker Heights (January 24, 2022)

• NYC School Construction Authority pays $27M to Allied Properties in Bay Ridge (August 17, 2021)

Court Records:

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Properties:

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*The Portfolio Value is the city’s Market Value, which is typically 50% or less of actual market value.

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