Atlantis Development

1602 Hering Avenue Bronx NY 10461

Atlantis Development portfolio

$2.4 million* – industrial 44%, development 39%; Bronx 100%, Manhattan 0%

5104th largest portfolio by dollar value

9,630 sqft – industrial 100%, development 0%;

5318th largest by SF

7 properties – Bronx 100%, Manhattan 0%

1268th largest

93 residential units – Bronx 100%, Manhattan 0%

1496th largest by residential units

Company Activity past 24 months:

Buyer company: 3 for $10.2 million

Seller company: 2 for $7.1 million

Borrower company: 2 for $32.8 million

Top Ten Associated Companies:

Northeast Community Bank (2), UBS (2), Chaim Schwartz (1), Moishe Herman (1), Tong Yick Kong (1), Samuel Klein (1), 33 Equities (1), Zachary Haring (1), Dykes Lumber Co. (1), BNS Real Estate (1)

Top Ten Associated People:

Raymond L. Francis (1), Chaim Schwartz (1), Moishe Herman (1), Tong Yick Kong (1), Racquel Small (1), Nicholas Martin (1), Samuel Klein (1), Zachary Hering (1), Zachary Haring (1), Charles Kreyer (1)

Recent activity as company:

• Dykes Lumber Co. sold 1777 West Farms Road, East Morrisania, Bronx for $4.2 million to Atlantis Development on January 02, 2025.

• BNS Real Estate sold 1783 West Farms Road, East Morrisania, Bronx for $3.6 million to Atlantis Development on January 02, 2025.

• Atlantis Development sold 596 E. 170th St, Morrisania, Bronx for $5 million to Moishe Herman on August 06, 2024.

• Atlantis Development borrowed $18 million from UBS for 2001 Creston Avenue, Mt Hope, Bronx on July 23, 2024.

• Atlantis Development sold 1232 Fulton Avenue, Morrisania, Bronx for $2.1 million to Samuel Klein on June 24, 2024.

• Atlantis Development borrowed $14.8 million from UBS for N/A E 223rd Street, Wakefield, Bronx on April 19, 2024.

• Tong Yick Kong sold 1916 Longfellow Avenue, West Farms, Bronx for $2.5 million to Atlantis Development on January 23, 2024.

• Atlantis Development sold 3923 Carpenter Avenue, Wakefield, Bronx for $8.3 million to Zachary Haring on August 26, 2022.

• Atlantis Development sold 1988 Anthony Avenue, Mt Hope, Bronx for $19.8 million to 33 Equities on June 30, 2022.

• Atlantis Development sold N/A Parkside Place and 3317 Parkside Place, Norwood, Bronx for $6.5 million to Chaim Schwartz on March 31, 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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