BK Developers

People:

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BK Developers portfolio

$3.7 million* – elevator 100%; Queens 100%, Manhattan 0%

4338th largest portfolio by dollar value

34,736 sqft – elevator 100%;

3401th largest by SF

22 residential units – Queens 100%, Manhattan 0%

3125th largest by residential units

0 foreclosures, 0 bankruptcies, 1 other court case.

Company Activity past 24 months:

Seller company: 1 for $3 million

Top Ten Associated Companies:

David Halberstam (1), Valley National Bank (1), Romano family (1), Wieners (1)

Top Ten Associated People:

David Halberstam (1), Joseph Romano (1), Geraldine Romano (1), Herbert Wiener (1), Rhea Wiener (1)

Recent activity as company:

• BK Developers sold 155 Smith Street, Boerum Hill, Brooklyn for $3 million to David Halberstam on April 03, 2023.

• Romano family sold 50-09 5th Street, Long Island City, Queens for $2.1 million to BK Developers on April 01, 2021.

• Wieners sold 155 Smith Street, Boerum Hill, Brooklyn for $2 million to BK Developers on March 18, 2021.

• BK Developers borrowed $11.1 million from Valley National Bank for 23651 50th Avenue, 23651 50th Avenue, Long Island City, Queens on March 19, 2020.

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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