Cypress Hills Local Development Corporation

People:

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Cypress Hills Local Development Corporation NYC portfolio

$26.3 million* – C6 74.0%, walkup 16.0%; Brooklyn 99.0%, Manhattan 0.0%

2606th largest portfolio by dollar value

48,573 sqft – C6 46%, walkup 44%;

2898th largest by SF

6 properties – Brooklyn 100%, Manhattan 0%

1403th largest

57 residential units – Brooklyn 100%, Manhattan 0%

2015th largest by residential units

Company Activity past 24 months:

Buyer company: 1 for $3.1 million

Borrower company: 1 for $14.8 million

Top Ten Associated Companies:

Philip Knoll (1), Local Initiatives Support Corporation (1)

Top Ten Associated People:

Izidor Mikhli (1)

Recent activity as company:

• Cypress Hills Local Development Corporation borrowed $14.8 million from Local Initiatives Support Corporation for 2381 Dean Street, 211 Hull Street, 47 Hill Street, 246 Lincoln Avenue, and 1823 Eastern Parkway, Brownsville, Brooklyn on May 08, 2024.

• Philip Knoll sold 248 Arlington Avenue, Cypress Hills, Brooklyn for $3.1 million to Cypress Hills Local Development Corporation on March 07, 2024.

Properties:

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*The Portfolio Value is a PincusCo estimate based on a property’s recent sale or loan, or multiplying the city’s Market Value by two.

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