Below is a link to a revealing article written by County Legislator Charles Falciglia for the Rockland Voice regarding the proposed Hillcrest development called Bluefield Extension. We have also included notes by the writer in this post. (Repost from 12/12/17)
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NOTES FROM ARTICLE (SUMMARY)
“A Blue-field of Dreams”
http://rocklandvoice.com/opinion/a-blue-field-of-dreams/
By County Legislator Charles Falciglia
NOTES FROM ARTICLE (SUMMARY)
Property 1
3/13/13 – Zishe Babad purchased 126-128 union road from Lazerbeam Acreage LLC for $290,000.
2010 – Lazerbeam Acreage LLC purchased the property from Joseph Gross of SV for $209,000
Property 2
3/13/13 – Zishe Babad also purchased 130B Union Rd from Lesser Gross for $275,000.
8 mos earlier, Lesser Gross had purchased it for $175,000.
Babad obtained mortgages for both & based on amounts likely put in $150,000 of his own money.
5/14/15 (26 mos later) Babad separately deeds them both to Lesser Gross as trustee of Yitzchok & Shifra Trust (3/8/13) 20% interest & Yitzchok Ullman as Trustee of Lazerbeam 80% interest for $0.
Date (?) the two trusts sell the two properties to Bluefield Extension LLC for $2.2 million ($1.3 million for 126-128 and $900,000 for 300B)
“Table Flip” – threesome: seller/transferor (Babad), buyer/transferee (trusts), another buyer (Bluefield)
Mortgage from TBG Funding (Brooklyn, NY) for $2.4 million (more than cost of 2 properties). Blanket mortgage (> property) – #3 is 643 Bedford Ave (multifamily house) – owned by 643 Bedford LLC
Bluefield Extension
Corner of Bluefield avenue and Union Road. Town of Ramapo changed the zoning to multifamily in January 2014 – proposal is for 15 units at $600,000 each. Other properties part of extension plan. One had a house fire in August 2015
May 15, 2015 Yitzchok & Shifra Ullman purchased a single family house in Monsey for $500,000 with no mortgage. One day after the sale of the Bluefield properties. 5 months later mortgaged for $400,000.
12/22/16 – BHG – partial release of the mortgage, keeping the Bedford Ave & releasing the 2 Union Rd. properties.
12/22/16 – Bluefield Extension LLC and Sunshine Gardens Realty LLC – mortgage from Louis Galpern Retirement Plan and Trust Defined Benefit; Natalie Galpern and Nicole Galpern as Trustees of the Vega Irrevocable Trust; and Park National Capital Funding LLC for $850,000.00. Another blanket, secured by the two Union Road properties and 122 Union Road, also part of the Bluefield Extension plan.
On January 4, 2017, TBG Funding assigned their mortgage to Customers Bank in Phoenixville, Pennsylvania for $1,000,000.00, with 643 Bedford Avenue as the sole property securing the loan; the mortgage having been reduced by $1.4 million
INFORMATION FROM TOWN & COUNTY DATABASES:
Town Database:
Yitzchok & Shifra Ullman – 1 Ribier Ct, Ramapo
Ullman Mishpacha Trust – 988 Chestnut Ridge Road
Bluefield Extension LLC: 126-128 Union Rd & 130 Union Rd.
County database:
2/20/02 Y. Ullman purchases from Shloime Goldstein 241A Blueberry Hill condo (241A Kearsing Pkwy)
Ullman (1954 52nd St, Brooklyn, 11204)
2/20/02 mortgage of $104,500 from first financial equities LLC & then assigned to flagstar bank (Michigan)
12/16/02 – YU takes mortgage from Fleet Bank – $102,800
6/23/03 – YU satisfies mortgage from Flagstar Bank
9/23/03 – YU takes mortgage from Fleet for $76,000
2006 satisfies mortgage from Bank of america & takes 2 more mortgages.
8/9/07 lawsuit of fonvil villair against Yitzchok & Shifra Ullman & variety of others including board of elections – no documents available
1/14/10 Yitzchok & Shifra Ullman sell kearsing to avraham & marsha fastag $245,000
2012 YU Brendel Logan & Dan Friedman sue Gov of NY NYS senate etc. (nothing available)
11/7/2013 Daniel Gleich (10 Zabriski) sues town, CSL, YU, Temple Beth El, & Viola Gardens LLC (27 Robert Pitt Dr) – notes from pages available in county database: lawsuit was for rezoning property from R-25 to MR-8. He lived adjacent. No notice of hearing. Beth El & VG LLC submitted a zone change petition. Planning board mtg 5/7/13 – due to opposition by neighbors planning board decided to make no decision. Rockland County dept of planning recommended denying the change. 7/10/13 – special board meeting public hearing – TBE claimed they needed M8 zoning to sell. Town board agreed to it based on the TBE members pleas. Michael Specht signed the final document of the lawsuit as attorney for the town – stipulation of no further action – Final answer document from TBE lawyer asks for dismissal because it should have been brought as an article 78.
5/15/15 – Y&SU bought 1 Ribier Ct, Monsey for $500,000. short sale. Lawyer Klein & Klein. (11/15 mortgage for $400,000)
5/14/15 (recorded 5/26/15) – 130 Union Rd – Lessor Gross, trustee of Yitzchock & Shifra Trust (9 Laura Pl, SV) and YU as trustee of Lazer Beam Trust (1 Ribier Ct) to Bluefield Extension LLC (156 Maple Ave, Unit212, SV) for $900,000 (Victor Weiss atty) buyer’s sign Joel Rabinovitz (??) 425-4263 (contract date 11/4/14)
5/14/15 (recorded 5/26/15) – 126-128 Union Rd – all same info as for 130 Union except sales price: $1,300,000.
5/14/15 (recorded 5/28/15) Zishe Babad (4 Ralph Blvd, Monsey) sold 126-128 Union Rd to Lessor Gross & YU (same info as above) (prev. purchased march 11, 2013) (contract 11/4/14) buyer Lazer Gross 9 laura pl.) for $0. and same for 130.
3/11/2013 sales to Zisha Babad – Lazer Beam’s address was 9 Laura Dr (same as Lesser Gross) Lesser Gross signed as sole member. But now YU is the trustee. and Lesser is for Yitzchok & Shifra Trust.
Other Babads:
Chaskel Babad: ( of 1855 60th st, 3a brooklyn, 11204)
9/4/17 (recorded 10/24) 2 Sabin Dr, Airmont (SCSD)
8/14/17 (recorded sept 8 2017) 10 Claremont Lane (SCSD)
7/27/2017 (recorded sept 1) 14 Hall Ave (SCSD)
Blima & Shaya Babad ( 35 Heyward St, Brooklyn, 11249) (Williamsburg)
9/8/15 23 Rustic Blima & Shaya Babad 35 Heyward St 11249 (atty Abraham Weiss)
2007 – Zisha Babad’s first purchase – bought 58 second ave in clarkstown from Rockland affordable housing. His address at the time was 27 Phyllis Terrace, Nanuet
6/7/11 bought 4 ralph blvd, monsey from four ralph blvd LLC. (condo)
lessor gross is aka lazer & eliezer (wife feige) (some recorded mortgages from Joseph Polatsek
Spelling of Yitzchok varies: Yitzchok & Shifra trust for 2 entries & Yitzchock & Shifra Trust for 2 others. Has to be spelled correctly to find it in the county database.