190 Berry Street

Israel’s LENY Group filed for bankruptcy protection for its Williamsburg property, 190 Berry Street, to halt a UCC sale due to a $69.8 million debt default. The 101,358-square-foot building, owned by LENY Berry Holdings LLC, faced foreclosure auction by Waterfall Asset Management’s WF CREL 2020 LLC. LENY acquired the property in 2016 with a Deutsche Bank loan. The bankruptcy filing aims to unlock value through leasing vacant commercial space. The building features loft apartments, retail spaces, and benefits from a J-51 tax abatement expiring in 2025. Ephraim Diamond of Arbel Capital Advisors signed the bankruptcy petition.