Bolla Oil

People:

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Bolla Oil portfolio

$26.9 million* – industrial 94%, office 5%; Brooklyn 79%, Queens 20%

1420th largest portfolio by dollar value

71,228 sqft – industrial 73%, office 26%;

2354th largest by SF

20 properties – Brooklyn 70%, Queens 30%

472th largest

Company Activity past 24 months:

Buyer company: 3 for $16.3 million

Borrower company: 2 for $35.6 million

Top Ten Associated Companies:

Citizens Bank (3), Adir Cohen (1), Evgeny Freidman foreclosed (1), Peter J. Marconi (1), David A. Torrillo (1), Christian L. Torrillo (1)

Top Ten Associated People:

Channing A. Lefebvre (2), Adir Cohen (1), Austin I. Idehen (1), Peter J. Marconi (1), Adam B. Bayroff (1)

Recent activity as company:

• David A. Torrillo and Christian L. Torrillo sold 160-23 Rockaway Boulevard, 160-19 Rockaway Boulevard, N/A Rockaway Boulevard, and N/A Rockaway Boulevard, Brookville, Queens for $3.4 million to Bolla Oil on December 17, 2024.

Peter J. Marconi sold 2255 Flatbush Avenue, Flatlands, Brooklyn for $3.4 million to Bolla Oil on June 04, 2024.

Bolla Oil borrowed $7.9 million from Citizens Bank for 3094 Avenue U, 8401 Flatlands Avenue, 135-45 Cross Bay Boulevard, and 5828 Flatlands Avenue, Sheepshead Bay, Brooklyn on October 03, 2023.

Bolla Oil borrowed $27.7 million from Citizens Bank for 3116 Ft Hamilton Parkway, 1929 Linden Boulevard, 2822 Atlantic Avenue, 2791 Nostrand Avenue, 7021 Bay Parkway, and others, Windsor Terrace, Brooklyn on October 03, 2023.

• Evgeny Freidman foreclosed sold 71-08 Northern Boulevard, Jackson Heights, Queens for $9.5 million to Bolla Oil on August 08, 2023.

Bolla Oil borrowed $6.9 million from Citizens Bank for 1144 Utica Avenue, East Flatbush, Brooklyn on August 26, 2022.

Adir Cohen sold 1144 Utica Avenue, East Flatbush, Brooklyn for $5.2 million to Bolla Oil on May 10, 2022.

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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