Filing Alert: 1583 58 Street Chapter 11

1583 58 Street LLC, a single asset real estate company that owns a two-family residential property in Brooklyn, NY, filed for Chapter 11 protection on Nov. 4 in the U.S. Bankruptcy Court for the Eastern District of New York.

The company reports $10 million to $50 million in both assets and liabilities. The filing indicates that no funds will be available for distribution to unsecured creditors after administrative expenses are paid. The case number is 26-45153.

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Key Parties

Counsel:

• Vivian Sobers, Esq.
  Sobers Law PLLC
  Email: vsobers@soberslaw.com

Signatories:

• Raizel Doppelt – Manager