Abraham Brach

Owner

Abraham Brach portfolio

$46.4 million* – elevator 49.0%, condo 41.0%; Brooklyn 100.0%, Manhattan 0.0%

1002th largest portfolio by dollar value

418,407 sqft – elevator 60.0%, condo 29.0%;

712th largest by SF

114 properties – Brooklyn 100%, Manhattan 0%

73th largest

251 residential units – Brooklyn 100.0%, Manhattan 0.0%

748th largest by residential units

Person Activity past 24 months:

Borrower signatory: 4 for $70 million

Top Ten Associated People:

Louis Lebovits (2), Rafael Rabinowitz (1), Hirsch Glanzer (1), Cheskel Brach (1), Christopher Canlas (1)

Recent activity as company:

Abraham Brach borrowed $27 million from Cirrus Real Estate Partners for 415 Marcy Avenue, Williamsburg, Brooklyn on January 15, 2025.

Abraham Brach borrowed $15 million from Levon Capital for 314 Rutledge Street, Williamsburg, Brooklyn on February 05, 2024.

Abraham Brach borrowed $10 million from Ponce Bank for 859 Myrtle Avenue, Bedford Stuyvesant, Brooklyn on September 22, 2023.

Abraham Brach borrowed $18 million from BridgeCity Capital for 859 Myrtle Avenue, 859 Myrtle Avenue, 859 Myrtle Avenue, 859 Myrtle Avenue, 859 Myrtle Avenue, and others, Bedford Stuyvesant, Brooklyn on April 03, 2023.

Hirsch Glanzer sold 314 Rutledge Street, Williamsburg, Brooklyn for $2 million to Abraham Brach on January 30, 2023.

Abraham Brach for Abe Brach filed plans for new building for 58,882 sqft in Williamsburg, Brooklyn, on January 30, 2023.

Abraham Brach sold 66 Gerry Street, Williamsburg, Brooklyn for $5 million to Rafael Rabinowitz on January 11, 2023.

Abraham Brach borrowed $15 million from Blue Foundry Bank for 869 Myrtle Avenue, Bedford-Stuyvesant, Brooklyn on December 14, 2022.

Abraham Brach borrowed $6.4 million from Webster Bank for 843 Myrtle Avenue, 96 Stockton Street, 567 Marcy Avenue, and 88 Stockton Street, Bedford-Stuyvesant, Brooklyn on August 03, 2022.

Abraham Brach borrowed $78.7 million from G4 Capital Partners for 871 Myrtle Avenue, 847 Myrtle Avenue, 88 Stockton Street, 96 Stockton Street, 565 Marcy Avenue, and others, Bedford-Stuyvesant, Brooklyn on June 10, 2021.

Latest Stories:

• Abraham Brach signs $27M refi with Cirrus for 24-unit project in Williamsburg, bankruptcy ends (January 16, 2025)

• Abraham Brach signs $15M construction loan with Levon Capital for development in Williamsburg (February 06, 2024)

• DW Partners sells $25M debt at highly litigated Williamsburg project (December 27, 2023)

• Rafael Rabinowitz plans two buildings in Williamsburg with combined 8 units (March 10, 2023)

• $20M bankruptcy filed at highly litigated 24-unit condo development in Williamsburg (January 17, 2023)

• Rabsky Group affiliate pays $5M to Abraham Brach for dev site in Williamsburg (January 12, 2023)

• Courts roundup: $31.5M S. W’burg condo UCC auction, $2.3M Prospect LG pre-foreclosure, $1.3M Crown Heights pre-foreclosure (December 21, 2022)

• Abraham Brach signs $15M refi loan with Blue Foundry Bank for 59-unit rental in Bedford Stuyvesant (December 15, 2022)

• Cheskel Brach pays $10.5M to Abraham Brach for two commercial condo units in Williamsburg (September 29, 2021)

• Abraham Brach refis $20M inventory loan originated by Madison Realty with BridgeCity (April 16, 2021)

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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