Avery Hall files 3 demolitions 72 days after $10.75M 4th Ave buy
A $10.5 million Maxim Credit Group mortgage was recorded against the same three lots. The DOB owner of record is Avery Hall.
Three LLCs paid a combined $10.75 million on July 13 for adjoining buildings at 250, 252 and 254 4th Avenue in Brooklyn, and 72 days later, on Sept. 23, filed to demolish all three, according to city property and building records.
Why it matters
This is an assemblage moving from purchase to site clearing in under three months. The buyers are 250, 252 and 254 4th Ave Owner LLC, and the DOB filings list Avery Hall as the owner business name, a Brooklyn developer that has assembled other sites along 4th Avenue. The filings are for full demolition, not new construction, so no building plan has been filed yet.
The financing came with the deeds. A $10,500,000 mortgage to Maxim Credit Group, LLC, dated July 13 and recorded July 28, covers all three lots. That is about 98% of the combined price, which points to a short-term bridge loan sized to get the site cleared and entitled. We did not see the loan terms, so that read is an inference from the amount and lender type.
A fourth DOB filing, for the rear structure at 250 4th Avenue, was made the same day. Lot 37 also carries a $2.2 million development-rights document recorded July 27, which we did not open.
The numbers
- Deeds: $3,650,000 (250), $3,850,000 (252), $3,250,000 (254). Total $10,750,000, or about $3.58 million per lot.
- Deed to filing: July 13 to Sept. 23, 2026 is 72 days. From recording (July 23 and 24) it is 61 to 62 days.
- Existing buildings: three four-story structures, 11 apartments and 13,120 sq ft of floor area per DOB, so about $819 per existing sq ft.
- Mortgage: $10,500,000, Maxim Credit Group, LLC, recorded July 28, 2026.
- Demolition filings: $700,000 stated cost each, status “Plan Examiner Review.”
What’s next
Watch for a new-building or alteration filing on block 448, which would show the planned height and unit count. A demolition permit issuing is the next visible step. Our New York coverage tracks the follow-up filings as they post. ACRIS data here runs through July 2026 recordings.
On the record
What we checked ourselves, and where you can check it too.
- Public recordACRIS deeds 2026072200372001, 2026072200424001 and 2026072200353001, all dated July 13, 2026, convey Brooklyn block 448 lots 37, 38 and 39 (250, 252 and 254 4th Avenue) to 250, 252 and 254 4th Ave Owner LLC for $3,650,000, $3,850,000 and $3,250,000, a combined $10,750,000.
- Public recordDOB NOW shows full-demolition applications B01447801-I1, B01447811-I1 and B01447832-I1, each filed Sept. 23, 2026, 72 days after the July 13 deed date, for the three four-story buildings, with Avery Hall listed as owner business name and a stated cost of $700,000 each.
- Public recordA $10,500,000 mortgage to Maxim Credit Group, LLC (2026072300791001), dated July 13 and recorded July 28, 2026, covers all three lots, about 98% of the combined purchase price.
On the record
- Primary recordNYC ACRIS, deed 2026072200372001250 4th Avenue, $3,650,000 deed
- Primary recordNYC ACRIS, deed 2026072200424001252 4th Avenue, $3,850,000 deed
- Primary recordNYC ACRIS, deed 2026072200353001254 4th Avenue, $3,250,000 deed
- Primary recordNYC ACRIS, mortgage 2026072300791001Maxim Credit Group, LLC mortgage, $10,500,000
- Primary recordNYC DOB NOW, job B01447801-I1250 4th Avenue, full demolition filed Sept. 23, 2026
- Primary recordNYC DOB NOW, job B01447811-I1252 4th Avenue, full demolition filed Sept. 23, 2026
- Primary recordNYC DOB NOW, job B01447832-I1254 4th Avenue, full demolition filed Sept. 23, 2026