Bankruptcy Filing

Case 1-16-41426-nhl
Doc 1
Filed 04/01/16
Entered 04/01/16 15:26:49
Fill in this information to dentfy your case:

Unted States Bankruptcy Court for the:
EASTERN DISTRICT OF NEW YORK, BROOKLYN DIVISION
Chapter
Case numberlkrom,
11
Check if this an amended

filing
Official Form 201
Voluntary Petition for Non-lndi viduals Filing for Bankru
4t16
lf more space is needed, attach a separate sheet to this form. On the top of any additional pages, wrte the debtor's name and case number (if known), For
more information, a separate document, lnstructions for Bankruptcy Forms for Non-lndlviduals, is available.
1.
Debtor's name
2.
All other names debtor

used in the last 8 years
207 Ainslie. LLG
lnclude any assumed

names, trade names and
dolng busr,iness as names
3.
Debtor's federal Employer

46-2849329
ldentfction Number
(ErN)
4.
Debtor's address
Principal place of business
Mailing address, if different from principal place of

business
100A Broadway
# 110
Brookly n, NY 1 1 249 -61 27
Number, Street, City, State & ZIP Code
P.O. Box, Number, Street, City, State & ZIP Code
Ki
Locaton of principal assets, if different from principal

place of business
207-217 Ainslie St Brooklyn, NY 11211-4810

Number, Skeet, City, State & ZIP Code
5.
Debtor's website (URL)
6.
Type of debtor
Offcal Form 201
I
E
E
Corporation (including Limited Liability Company (LLC) and Limited Liability Partnershp (LLP))
Partnership (excluding LLP)
other. Specify:
Voluntary Petition for Non-lndividuals Filing for Bankruptcy
page
Case 1-16-41426-nhl
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Debtor 207 Ainslie, LLC
Entered 04/01/16 15:26:49
Case number (,7k,own)
Nme
Descrbe debto's business
A. Check one:
E
I
E
D
E
E
E
Health Care Business (as defined in 11 U.S.C. S 101(274))
SingleAsset Real Estate (as defined in 11 U.S.C. S 101(5180

Railroad (as defined in 11 U.S.C. S 101(44)
Stockbroker (as defined in 11 U.S.C. S 101(53A)
Commodity Broker (as defined in 11 U.S.C. S 101(6))
Caring Bank (as defined in 11 U.S.C.
S 7S1(3))
None of the above
B. Check allthat apply
Tax-exempt entity (as described in 26 U.S.C. S501)

lnrstment company, including hedge fund or pooled investment rehicle (as defined in 15 U.S.C. $80a-3)
advisor
defined in
l5
U.S.C.
C. NAICS (North American lndustry Classification System) 4-digit code that best describes debtor
See http://www.uscourts,qov/four-diqt-national-assocation-naics-codes.
8.
Under which chapter of the

Bankruptcy Code is the
debtor filing?
Check one:
E
E
I
Chapter 7
Chapter
Chapter
11.
Check altthat applyi
tr
Debtor's aggregate noncontingent liquidated debts (excluding debts owed to insiders or affiliates) are
less than $2,566,050(amount subject to adjustment on 4/01/19 and every 3 years after that).
tr
Thedebtorisasmall businessdebtorasdefinedinll U.S.C.S101(51D). lf thedebtorisasmall

business debtor, attach the most recent balance sheel, statement of operations, cash-flo, statement,
and federal income tax return or if all of these documents do not eist, follow the procedure n 1 1
u.s.c. s 1116(1XB).
A plan is being filed with this petiton.

Acceptances of the plan were solicited prepetition from one or more classes of creditors, in
accordance with 11 U.S.C. S 1126(b).
The debtor is required to file periodic reports (for example, 10K and 10Q) with the Securities and
Exchange Commission according to $ 13 or 15(d) of the Securities Exchange Act of 1934. File the
attachment to Voluntary Petition for Non-lndividuals Filing for Bankruptcy under Chapter 11 (Oticial
Form 201A) with this form.
tr
E
9.
Were prior bankruptcy

cases filed by or against the
debtor withn the last 8
years?
chapter 12
o.
Yes
lf more than 2 cases, attach a

separate list.
10.
Are any bankruptcy cases

pending or being filed by a
lruo
business partner or an
affiliate of the debtor?
List all cases. lf more than 1,

attach a separate list
Distrct
\|hen
Case number
Distrct
When
Case number
Yes.
Relationship
Debtor
District
Official Form 201
The debtor is a shell company as defined in the Securities Exchange Act of 1934 Rule 12b-2.
When
Voluntary Pettion for Nonlndividuals Filing for Bankruptcy
Case number, if known
page2
Case 1-16-41426-nhl
Debtor 207 Ains

11, Why is the
Filed 04/01/16
case filed in
Does the debtor own
or
have possession of any

real property or personal
property that needs
immediate attenton?
Entered 04/01/16 15:26:49
Case number (,fkrowr)
LLC
this district?
12,
Doc 1
Check allthat apply:
Debtor has had its domicile, principal place of business, or principal assets in this dstrct for 180 days immediately
preceding the date of this petition or for a longer part of such 1 80 days than in any other district.
A bankruptcy case concerning debtor's affiliate, general partner, or partnership is pending in this district.
tto
Yes.
Answer below for each property that needs immediate attention. Attach additional sheets if needed.
Why does the property need immediate attention? (Check all that apply.)
lt poses or is alleged to pose a threat of imminent and identifiable hazard to public health or safety.
\Mat
is the hazard?
lt needs to be physically secured or protected from the weather.
lt includes perishable goods or assets that could quickly deteriorate or lose value without attention (for example,
livestock, seasonal goods, meat, dairy, produce, or securties-related assets or other options).
otner
Where is the property?

Number, Street, City, State & ZIP Code
ls the property insured?
Eruo
E yes.
lnsurance agency
Contacl name
Phone
Statistical and administrative information
13.
14.
Debtor's estmation of
available funds
Estmated number of
creditors
15.
16.
Estimated Assets
Estimated liabilities
Check one:
Funds will be available for distribution to unsecured credilors.
After any administralive expenses are paid, no funds will be available to unsecured creditors.
r-g
E so-sg
E roo-tgs
E zoo-ggs
E r,ooo-s,ooo
E soor-ro,ooo
E ro,oor-zs,ooo
E
E
E
E
E
E
$o - $so,ooo
$so,oor - groo,ooo
tr
$roo,oor - $soo,ooo
$soo,oot - $1 milion
E
E
$o - $so,ooo
E
E
$so,oor -$ioo,ooo
$roo,oor - $5oo,ooo
$soo,oot - $1 milion
Official Form 201
$t ,ooo,oot - 91o mirion
gto,ooo,oot - sso mirion

$so,ooo,ool - gl oo milion
$roo,ooo,oo1 - $soo mirion
$t,ooo,oor - $10 mirion

$ro,ooo,oor - $50 miilion
$so,ooo,oor
E
- $1oo miilion
$r oo,ooo,ool - $5oo mirion
Voluntary Petition for Non-lndividuals Filing for Bankruptcy
E
E
zs,oor-so,ooo
so,oor-roo,ooo
More than100,000
$soo,ooo,oo1 - g1 birion
$r ,ooo,ooo,oo1 - $10 biilion
El $r o,ooo,ooo,oo1 - $so bilion
E More than $50 billion
El $soo,ooo,ool - $1 birion
$r ,ooo,ooo,ool - $10 birion
tr $r o,ooo,ooo,oo1 - $so birion

E More than $50 billion
page 3
Case 1-16-41426-nhl
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Entered 04/01/16 15:26:49
Cse number {itfwn}
Oeblor
Rsqst fr Rollt Doclarllon, nd Sgt:atts

WARNING
Bankruplcy fraud is a serious crime. Making false stalemenl in cornction wiih a bankruptcy case can result ln lnes up to $g00,000 of imprisonmenf
for up to 20 years. or both. 't8 U.S.C. SS 152, 1341. 1519' and 3571'
17, Oclaratori and slgnature
autiorized
The debtor requests rellef ln ccordance wllh
of
rspresentatvs ol dblor
I have been authorized lo ,ile ths
lte chter
of tte 11 . United Stales Code, specifie<l in lhis petition.
pelilir m bhalf of tlE deblor.
I ha\r e)mned lh informafion in lhie
pelilim and hava a reasonable belef that the information is trued and corecl.
I declar under penalty of erjury that the foregong is true and conect.
)cut6d
on
prll
MM
1, 2016
/ DD /YYYY
x
Tille
'18,
Signature of
Meneser
tlorney X
oate April 1tg18

MM/DD/YYYY
't50f ,Broadway 22nd Floor

New York, NY 10036
mFi;Saety;Sit
Conlacl
phone
(2/121
& ZtP
code
221-5780
mel eddrss
Baf numer nq slle
f)fficial Forr
21
Voluntary Petltloll for Nn-lndividuals Filing lor Eankruptcy
pge 4
Case 1-16-41426-nhl
Doc 1
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UNITED STATS
ASTERN DISTRICT SI
In re:
207 Ainslie,.LlC,
(the
At a sPecial
"Compaut')
held, on Apri.l n,
dutymade
glrSP fhe'
Banknptey
the sqre,s
a,pal
lh-at
1
Dated; Brookl3nr" New Y'ork
April l' 2016
:': 'ruCI
,gil*l IIdv
llrst{ 1fi/fjx$ g ip},cl
ti
&q{
'at_
Itgrxv ,fir,:
:J,I
.L3,['l{,Slt ITISV
(IrlrIIl
Case 1-16-41426-nhl
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Case 1-16-41426-nhl
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UNITED STATES BANKRUPTCY COURT

EASTERN DISTRICT OF NEW YORK
No
In re:
Case
207 Ainslie,LLC,
Chapter I I
Debtor
---------------x
SCHEDULE OF
1
G I,AWSI]ITS
Conselvea Street Block Association. Inc. v. 207 Ainslie. LLC. et al.

Supreme Court, Kings County, Index No. 15873/2014
Plaintiff s Attorneys:
Marc Aronson, Esq.
107 Smith Street
Brooklyn, New York
ll20l
New York City Law Department

Office of Corporation Counsel
100 Church Street
New York, New York 10007
Attn: Todd A. Kirchmar, Esq.
2.
Brooklyn Legal Services Corporation

260 Broadway, Suite 2
Brooklyn, New York
Attn: Martin S., Needelman, Esq
ll2ll
Attorneys for207 Ainslie, LLC

Sidrane & Schwartz-Sidrane, LLP
119 N. Park Avenue, Suite 201
Rockville Centre, New York 11570
Attn: Steve Sidrane, Esq.
207 Ainslie" LLC v. Conselyea Street Block Association.Inc.. et al.

Civil Court, Kings County, L&T Index No. 56109/2014
Attorneys for207 Ainslie, LLC

Sidrane & Schwartz-Sidrane, LLP
119 N. Park Avenue, Suite 201
Rockville Centre, New York 11570
Attn: Steve Sidrane, Esq.
Attorneys for Respondents
Marc Aronson, Esq.

107 Smith Street
Brooklyn, New York
New York City Law Department

Office of Corporation Counsel
100 Church Street
New York, New York 10007
Attn: Todd A. Kirchmar, Esq.
ll20l
Brooklyn Legal Services Corporation

260 Broadway, Suite 2
Brooklyn, New York
Attn: Martin S., Needelman, Esq
ll2ll
Case 1-16-41426-nhl
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Dated: Brooklyn. New York
April
1,2CI16
207
By:
Ainslie,l,LC
Case 1-16-41426-nhl
Doc 1
?umuant to
Debto hereln, certifies that

,pare$, affi liates urdlor
Dated: Brooklyn, New York
Aprii
1,29,tr,6
Filed 04/01/16
Entered 04/01/16 15:26:49
LIr,, the
c{.orte
Case 1-16-41426-nhl
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UNITED STATES BANKRUPTCY COURT

EASTERN DISTRICT OF NEW YORK
In re:
Chapter
207 Ainslie,LLC,
Case No.
11
Debtor.
'-----------x
DECLARATION PURSUANT TO LOCAL BANKRUPTCY RULES

HARRY EINHORN, declares the following under penalties of perjury pursuant to
28 U.S.C. $ 1746:
l.
I am the sole member and manager of 207 Ainslie, LLC (the ooDebtor"),
which owns certain commercial real property located at 207-217 Ainslie Street, Brooklyn, New
York (the "Property").
2.
submit this Declaration
in accordance with Local Bankruptcy
Rule
1007-4 in support of the Debtor's filing of a voluntary petition ("Petition") under Chapter I
I of
Title 11 of the United States Code (the "Bankruptcy Code").
Material Events Leadins
3.
the Need for Chanter I I
The Property is currently occupied by a holdover tenant known
as
Conselyea Street Block Association, Inc. ("Conselyea"), which pays use and occupancy of
$40,000 per month pending its eviction. Conselyea apparently obtained possession
of the
Property through an arrangement with the New York City Department of General Services (the
"City") in 1996, although the specific relationship between the City and Conselyea is unclear
since Conselyea operated without a formal sublease. Historically, Conselyea operated a senior
citizen center and day care.
Case 1-16-41426-nhl
4.
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Entered 04/01/16 15:26:49
In any event, in 2012, the City exercised a right to terminate its
lease
relating to the Property effective October 31, 2013. During the ensuing year, the Debtor
purchased the Property from the prior owner in late November 2013, after the City's termination
of lease had become effective. The Debtor acquired the Property for residential development
purposes and has expended significant sums in order to obtain various approvals. Thus, this is a
multi-party bankruptcy and the Debtor lists more than
dozen unsecured creditors with
relatively signifi cant claims.
5.
Following the Debtor's acquisition, the Property became subject to
litigation first instituted by Conselyea in which Conselyea and later the City separately alleged
right of first refusal to purchase the Property under the since-terminated lease. These claims
effectively attempt to negate the Debtor's acquisition of the Property.
6.
This litigation started in the Civil Court of Kings County in the context of
a landlord-tenant action and morphed into a Supreme Court action instituted by Conselyea, Index
No. 15873/2014 (the
7.
ooState
Court Action").
While the State Court Action is ongoing, the Debtor seeks Chapter I 1
relief to clarify and establish that neither Conselyea nor the City has a legitimate and proper right
of first refusal, and that the Property belongs to the Debtor. The Debtor has obtained mortgage
financing and proceeded with the development in reliance upon its undisputed ownership of the
Property.
8.
Moreover, the Debtor understands that the City may not have proper
authority to actually repurchase the Property even if the right of first refusal is given effect.
9.
Given these multiple claims, bankruptcy is now believed to be a proper
forum to deal with the myriad of issues.
Case 1-16-41426-nhl
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Summary of State Court Litisation
10.
owner
of the
On May 4, 1996, the City executed a lease (the "Lease") with the then-
Property, Ainslie Street, LLC (the "Seller"), which had a twenty-year term
commencing on January 18, 1995. The Lease was never recorded. Article 27 of the Lease
granted the City a right of first refusal to purchase the Premises subject to certain conditions. At
the time the Lease was entered into, Conselyea operated a senior citizen center and day care at
the Property pursuant to an arrangement with the
City. Conselyea is not mentioned in the Lease
nor given any rights thereunder.

I
1.
Conselyea and the Debtor subsequently became involved
in landlord-
tenant holdover proceedings in the Civil Court, Kings County, bearing Index No. 5610912014.
The landlord-tenant litigation was resolved by an order requiring Conselyea to pay use and
occupancy to the Debtor, and directing the Debtor to send Conselyea a contract of sale for the
Property with a purchase price of $10,500,0000 based upon Conselyea's expressed interest in
purchasing the Property. The Debtor sent a contract to Conselyea, who never responded or
commented on the contract, despite a court order requiring it to do so.
12.
Instead, on November 10, 2014, Conselyea brought an action
in the
Supreme Court, Kings County, captioned Conselvea Street Block Association- Tnc
v. 2O7
Ainslie. LLC. The Citv of New York- and Ainslie Street LLC. bearing index number
1587312014.
In the State Court Action, Conselyea seeks a declaration that, as the purported
"true" tenant under the Lease, it is entitled to repurchase the Property pursuant to the right of first
refusal. The City asserted cross-claims against Seller and the Debtor for a declaration that the
City retained the exclusive right to exercise the right of first refusal to repurchase the Property
for the alleged purchase price of $4,500,000.
a
J
Case 1-16-41426-nhl
13.
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The City moved for summary judgment on December 1,2015, seeking the
dismissal of Conselyea's complaint and the granting of the City's cross-claim. The Debtorhas
opposed the summary judgment motion, arguing, inter alia, that the City had no valid right
of
first refusal when the Debtor entered into a contract to purchase the Property. Even if the right
of first refusal were applicable, the current fair purchase price of the Property is approximately
$14 million.
Assets and Capital Structure
14.
Pursuant to Local Rule 1007-4(a)(iii-iv), no committees were formed prior
to the filing of the Debtor's Petition.
15.
Pursuant
to Local Rule
1007-4(a)(v),
a list containing the
names and
addresses of the creditors holding the twenty (20) largest unsecured claims against the Debtor is
attached to the Petition.
16.
The Debtor has only one secured creditor, CTBC Bank which holds a first
mortgage in the principal amount of $4,200,000.
17.
Pursuant
to Local Rule 1007-4(a)(vii), a summary of the assets
and
liabilities of the Debtor is set forth in the Schedules.
18.
Pursuant to Local Rule 1007-4(a)(viii), I am the Debtor's sole member and
19.
Pursuant to Local Rule 1007-4(a)(ix), none of the Debtor's property is in
manager.
the possession or custody of any third party.
20.
Pursuant to Local Rule 1007-4(a)(x), the Debtor is the 100% o\ryner in fee
simple of the Property.
Case 1-16-41426-nhl
22"
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Pursuant
Filed 04/01/16
Entered 04/01/16 15:26:49
to l,ocal Rutre 1007-4(a)(xi), all of the Debtor's books and
records are maitained at the ebtor's offces located at l00A Broadway, #l 10, Brooklyn, New
York,
23.
Pursuant to Leal Rule 1007-4(a)(xii), a list
of all pending lawsuits is
auached to the Petition.
24,
Pursuant to L,ocal Rule 1007-4(a)(xiii), the Debtor has no ernployees and
do not receive a salary. \.n outsjde mnagement group, 437 General Contractors Inc. receives a
management fee of $2,000 per month for overseeing and administering the developrnent of the
Property.
25"
'
,
Pursuant
to Locat Rle 1007-4(aXxix-xvi), a proposed 30 day
accrual
operating budget is attached hereto reflecting monthly mortgage payments of $16,362 and total
I
operating and administative
"*pt*
for the Property of $21,500. The mortgage is curent
and
the Debtor intends ta remain current urith alt debt service obligations pending conclusion of the
Chapter 1l case.
Dated:
Brooklyn, New York
April I ,2016
'Harry
-inhorn
Case 1-16-41426-nhl
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Fill in this information to

the case:
Debtor name | 207 Ainslie, LLC
United States Bankruptcy Court for the: EASTERN DISTRICT OF NEW
YORK, BROOKLYN DIVISION
Case number (if known):
Check if this is an
amended filing
Official Form 204

Chapter 11 or Chapter 9 Cases: List of Creditors Who Have the 20 Largest Unsecured Claims and
Are Not
Insiders
't2t15
A list of creditors holding the 20 largest unsecured claims must be filed in a Chapter 11 or Chapter 9 case. lnclude claims which
the debtor disputes. Do not include claims by any person or entity who is an insider, as defined in 1l U.S.C. S 101(31). Also, do
not include claims by secured creditors, unless the unsecured claim resulting from inadequate collateral value places the creditor
among the holders of the 20 largest unsecured claims.
Name of credtor and
complete mailing address,
including zip code
Nature of claim
(for example, trade debts,
bank loans, professional
services, and government
conlracfs)
AAA Group
135 Lorimer St
lndicate if clam
is contngent,
unliquidated, or
disputed
Amount of claim
lf the clairn s fully unsecured, fll ia only unsecured claim mounl. lf
clam is partially secured, fill in lotal claim amount and deduction for
value of collateral or setoff to calculate unsecured daim.
Total clam, f
oartiallv secured
Deduction for value

of collateral or setoff
Unsecured clam
Surveying
Services
$12,500.00
Services
$1 1,600.00
Services
$180,000.00
Brooklyn, NY
1 1
206-4806
Active
Environmental
1274 49th St # 245
Brooklyn, NY
1',l2',19-3011
Axle PR
'107
Airport
Executive Park
Nanuet, NY
1
0954-5261
Legal Services
Boris Saks Esq.,
$23,000.00
PLLC
1732812th St
Brooklyn, NY
11229-1014
FCT Construction
LLC
PO Box 854
Services
$196,680.00
Services
$18,000.00
Services
$12,000.00
Services
$14,800.00
Monsey, NY
1
0952-0854
JDI Brokerage
199 Lee Ave Ste 742
Brooklyn, NY
112',1',|-8919
Republic Valuation
184 Park Ave # 103
Brooklyn, NY
't1205-2323
Salamon
Engineering
55 W 39th St # 303
New York, NY
1
001
8-0567
Official form
204
Chapter
1 or Chapter 9 Cases: Lisl of Creditors Who Have the 20 Largest Unsecured clams
Software Copyright (c) 1996-2016 CIN Group www cincompass.com
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Case 1-16-41426-nhl
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Case number (if known)
Name
Legal Services
Sidraine & Sidraine

119 N Park Ave Ste
$58,000.00
201
Rockville Centre,
NY 11570-4113
Strekte LLC
PO Box 21041
Services
$260,000.00
Services
$14,500.00
Architectual
$78,000.00
Brooklyn, NY
11202-1041
Titan Engineers,
P.C
1331 Stuyvesant
Ave
Union, NJ
07083-5380
ZCCG Architects
266 Broadway Ste
Services
301
Brooklyn, NY
11211-6306
Official form
204
Chapter
1 ot Chapter
Software Copyright (c) '1996-2016 CIN Group - www.cincompass.com
Cases: List of Creditors Who Have the 20 Largest Unsecured claims
page 2
Case 1-16-41426-nhl
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this information to identify the case:
Debtor
name
207 Ainslie LLC
United States Bankruptcy Court for the:
EASTERN DISTRICT OF NEWYORK, BROOKLYN DIVISION
Case number(if known)
Check if this is an
amended fling
Official Form 206NB
Schedule A/B: Assets - Real and Personal Property
12115
Dsclose all property, real and personal, which the debtor owns or in which the debtor has any other legal, equitable, or future interest. lnclude
all property in which the debtor holds rights and powers exercisable for the debtor's own benefit. Also include assets and properties which have
no book value, such as fully depreciated assets or assets that were not capitalized. ln Schedule A/8, list any executory contracts or unexpred
leases. Also list them on Schedule G: Executory Contracts and Unexpired Leases (Official Form 206G).
Be as complete and accurate as possble. lf more space is needed, attach a separate sheet to this form. At the top of any pages added, write the
debtor's name and case number (if known). Also identify the form and line number to which the additional information applies. lf an additional
sheet is attached, include the amounts from the attachment n the total for the pertinent part.
Cash and cash equivalents
Part'1
1. Does the debtor have any
or
equivalents?
E No. Go to Part 2.
Yes Fill in the information below.
All cash or cash equvalents owned or controlled by the debtor

Ghecking, savings, money market, or financal brokerage accounts (ldenttfy all)
Type of account
Name of institution (bank or brokerage firm)
Currentvlue of
debtors interest.
Last 4 digits of account
number
3.1. Bank United
4.
Other cash equivalents (ldentify
5.
Total of Part 1,
$2,125.00
all)
$2,125.00
Add lines 2 through 4 (including amounts on any additional sheets). Copy the total to lne 80.
Deposts and Prepayments
Part 2
6. Does the debtor have any deposits or prepay
No. Go to Part 3.
Yes Fill in the information below
Part 3:
1
Accounts receivable
0. Does the debtor have any accounts receiva
ruo. Go to Part 4.
Yes Fll in the information below
Part 4:
lnvestmnts
13. Does the debtor own any investments?
I
!
No. co to Part
5.
Official Form
206AiB
Schedule A/B Assets - Real and Personal Property
Software Copyright (c) 1996-2016 CIN Group - www.cncompass com
page'1
Case 1-16-41426-nhl
Debtor
Doc 1
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Entered 04/01/16 15:26:49
Case number Uknown)
207 Ainslie LLC

Name
Part 5:
'18. Does the
lnventory, excluding agriculture assets

debtor own any inventory (excluding agrculture assets)?
No. Go to Part
6.
Farming and fishing-related assets (other than titled motor vehicles and land)
fishing-related assets (other than titled motor vehicles and land)?
own or
any
Part 6:
No. Go to Part
Yes Flll in the information below.
Office furniture, fixtures, and equipment; and collectibles
PartT'.
38. Does the debtor own or lease any office furniture, fixtures, equ pment, or
No. Go to Part
Machinery, equpment, and vehicles
Part B:
own or lease any machinery, equipment, or vehicles?
46. Does the
I
E
8.
No. Go to Part 9.
Real property
Part 9:
own or
54. Does
any
pro
E to. Go to Part 10.
I
55.
Any building, other mproved real estate, or land which the debtor owns or in which the debtor has an interest
Description and location of
property
lnclude street address or other
description such as Assessor
Parcel Number (APN), and type of
property (for example, acreage,
factory, warehouse, apartment or
office building, if available.
of
Nature and extent
Net book value
of debtor's
interest in
property
debtor's interest
Valuation method used

for current value
Current value of
debtor's nterest
(Where available)
55.1. 207-217 Ainslie St

Brooklyn, NY
112',1',1-4810..
56.
Fee Simple
$14,000,000.00 FMV
Total of Part 9.
$14,000,000.00
$14,000,000.00
Add the current value on lines 55.1 through 55.6 and entries from any additional sheets.
Copy the total to line 88.
57.
ls a depreciaton schedule available for any of the property listed in Part 9?
Iruo
E
58.
Yes
Has any of the property listed in Part 9 been appraised by a professional within the last year?
lruo
E
ves
Official Form
206A/8
Software Copyright (c) 1996-2016 CIN Group - www.qncompass com
page2
Case 1-16-41426-nhl
Debtor
Doc 1
Filed 04/01/16
Entered 04/01/16 15:26:49
Case number ffknown)
207 Ainslie, LLC

Name
Part 10:
lntangibles and ntellectual property

or intellectual property?
59. Does the debtor have any nterests
o. Go to Part
Part
11
11.
All other assets
70. Does the debtor own any other assets that have not
lnclude all interests in executory contracts and unexpired
No. co to Part 12.
Yes
on this form?
not previously reported on this form.
Fll in the information below.
Official Form
2064/8
Software Copyrght (c) 1996-2016 CIN Group - www.cincompass.com
page 3
Case 1-16-41426-nhl
Debtor
2O7
Paft 12.
Summary
Doc 1
Entered 04/01/16 15:26:49
Case number ff
LLG
known)
of the form
ln
80.
Cash, cash equivalents, and financial assets.

Copy line 5, Paft 1
81.
Deposits and prepayments. Copy line
82. Accounts
83.
Filed 04/01/16
I,
$2,125.00
Paft 2.
receivable, Copy line 12, Part 3.
$0.00
lnvestmenfs. Copy line 17, Paft 4.
84. lnventory.
$o.oo
Copy line 23, Part 5.
$0.00
85.
Farming and fishing-related assets. Copy line 33, Pat
86.
Office furniture, fixtures, and equipment; and collectibles.

Copy line 43, Paft 7.
$0.00
87.
Machlnery, equipment, and vehicles. Copy line 51, Paft
$0.00
6.
$0.00
8.
$14,000,000.00
89.
lntangibles and lntellectual property. Copy line 66, Pat 10.
90.
All otherassets. Copy lne 78, Part
91.
Total. Add lines 80 through 90 for each column
92.
Total of all
Official Form
propefi
11.
on Schedule A/8. Add lines
206A/8
$0.00
$0.00
$2,125.00
91 a+91
+ 91b.
b=92
Schedule tuB Assets - Real and Personal Property
software copyfight (c) 1996-2016 CIN Group - www.cncompass.com
$r4,000,000.00
$14,002,125.00
page 4
Case 1-16-41426-nhl
Doc 1
Filed 04/01/16
Entered 04/01/16 15:26:49
Fill in this information to identfy the case:

Debtor
name
207 Ainslie, LLC
Case number(if known)
Check if this is an
amended fling
Official Form 206D
Schedule D: Greditors Who Have Glaims Secured by Propertr
12t'15
Be as complete and accurate as possble.

1. Do any creditors have clams secured by dbtor's property?
E
I
Part I
No. Check this box and submit page 1 of this form to the court with debtor's other schedules. Debtor has nothing else to report on this form
Yes. Fill in all of the information below.
List Creditors Who Have Secured Claims
2. List in alphbetical order all creditors who have secured claims. lf a creditor has more than one secured
claim, list the credtor separately for each claim.
Amount of clam
Do not deduct the value
of collateral.
Er-l crec
Bank corp. (USA)
Creditois Name
Describe debtor's property that s subject to a lien
207-217 Ainslie St Brooklyn, NY '11211-48'10,
$4,200,000.00
Value of collateral
that supports this
claim
$14,000,000.00
4l -99 Flushing St Fl 2
Flushinq. NY 11355
Credtois mailng address
Describe the lien

ls the creditor an nsider or related party?
INo
Creditols email address, f known
ves
ls anyone else liable on ths claim?

Date debt was ncurred
Iruo
D
Yes. Fll out Schedu/e H; Codebtors (Offcial Form 2OOH)
Last 4 digits of account number

Do multiple credtors have an
interest in the same property?
As of the petton flng date, the claim is:
I
!
E
E
E
Yes. Specify each creditor,

including this creditor and ts relative
Check all that apply
Contingent
untiquidated
Disputed
priority.
3. , Total of the dollar amounts from Part
GEIltil
1, Column A, includng the amounts from the Addtional Page, if any'
Lst others to Be Notified for a Debt Alredv Listed in Part
$4,200,000.0
0
Lst n alphabetical order any others who must be notfied for a debt already listed in Part 1. Examples of entites that may be listed are collecton agencies,
assignees of claims listed above, and attorneys for secured creditors.
lf no others need to notifed for the debts listed in Part 1, do not fll out or submit ths page. lf additonal pages are needed, copy this page.
Last 4 digts of
On whch line in Part 1 dd you
Name and address
account number for
enter the related credtor?
this entty
Oficial Form 206D
Schedule D: Creditors Who Have Claims Secured by Property
soltware copyrighl (c) 1996-2016 CIN Group - www.cincompass com
page 1 of
Case 1-16-41426-nhl
Doc 1
Filed 04/01/16
Entered 04/01/16 15:26:49
Fll n this information to identfy the case:

Debtor
name
207 Ainslie. LLC
the:
Uniled States Bankruptcy Court for

Case number(if
known)
fl
Check if this is an
amended flng
Official Form 206ElF

Schedule E/F: Greditors Who Have Unsecured Glaims
121',l5
Be as complete and accurate as possble. Use Part I for credtors wth PRIORITY unsecured clims and Part 2 for creditors with NONPRIORIry unscured claims'
Lst the other party to any executory contracts or unexpired leases that could result in a claim. Also list executory contracts on Schedule A/B: Assets - Real and
Perconal Propefty lofncia I Form 206A/8) and on Scttedure G.' Executory Contracts and Unexpired Leases (Official Form 206G1, Number the entries in Parts I and 2
in the boxes on the left. lf moe space is needed for Part 1 or Part 2, fill out and attach the Addtional Page of that Part included n ths form.
f:il!il
1.
List All creditors with PRIORITY Unsecured Claims

Do any creditors have prorty unsecured clams? (See 11 U.S.C. $ 507).
No. Go to P"rt z.
Yes. co to lne 2.
Paft2
with NONPRIORITY Unsecured Claims

unsecured claims. lf
3.
more
filr
oul and attach the Additional Page of Part 2.
3.1
Nonpriority creditor's name nd mailng address
As of the petition fling date, the clam isi
AAA Group
Contingent
E
E
Unliquidated
135 Lorimer St
Brooklyn, NY 11206-4806
Date(s) debt was incurred
Lst 4 dgts of account number
fl--l
E Contingent
E Unliquidated
E Disputed
Basis for the ctam:
Seryices
ls the claim subject to
offset?
ail that apply.
Nonpriority creditor's name and maling address
As of the petition filing date, the claim is: chk aI
E
E
E
Nanuet, NY 10954-5261
Last 4 dgts of account number
Seryices
offset?
ruo
Official Form
2O6E|F
Software Copyrighl (c) 1996-2016 CIN Group -
Contingent
Unliquidated
Di"prt"o
Bss for the clam:
Leqal Services
ls the clam sub,ect to
offset?
ruo
Schedule E/F: Credtors Who Have Unsecured Claims
www.cincompass.com
$23,000.00
ves
E
E
E
Last 4 dgits of account number
ail that apply.
Disput"d
Basis for the ctaim:
As of the pettion fling date, the claim is: check
$180,000.00
Unliquidated
Boris Saks Esq., PLLC
Date(sl debt was incurred
that apply.
Contingent
Nonpriority creditor's name and mailing address
1732812th St
$11,600.00
I No E y""
Axle PR
107 Airport Executive Park
$12,500.00
yes
As of the petition filng date, the clam s: check
3.4
I ruo E
Nonprorty credtor's name and mailing address
1274 49th St # 245
3.3
offset?
Active Environmental
claim: Surveyng Services
ls lhe claim subject to
claim
oisputed
Bass forthe
Check all that apply.
Amount of
12345
E y""
page 1 of 3
Case 1-16-41426-nhl
Debtor
Doc 1
Filed 04/01/16
Entered 04/01/16 15:26:49
Case number
207 Ainslie, LLC
(t rnown)
Name
3.5
Nonpriorty credtor's name and mailng address
As
ofthe petition fllng date, the clam isi
FCT Construction LLC
E
E
E
Contingent
PO Box 854
Monsey, NY 10952-0854
Last 4 digts of account number

3_6
I lo E
yes
Unliquidated
_
_
Seryices
ls the claim subjecf to
offset?
As of the petiton filing date, the claim
Contingenl
E
E
Unliquidated
check ail lhat apply.
Basis for the clam:
Seryices
offset?
I uo E Y..
As of the petition filing date, the claim is': check all that apply.
Salamon Engineering
Contingent
Unliquidted
55 W 39th St # 303
E
E
Basis for the clam:
Seryices
offset?
I f.lo E Y".
As of the pettion flng date, the clam
Sidraine & Sidraine
E
E
isi
check all thal apply.
Unlquidated
Disputed
Basis for the ctaim:
Legal Services
ls the claim subjecl to
offset?
I Uo E y""
Nonprorty credtor's name and mailing address
As of the pettion fling date, the claim is: chec| ail that apply.
Contingenl
E
E
Unliquidated
PO Box 21041
Seryices
ls the clam subject to
offset?
ruo E y""
As of the petition filing date, the claim is: Check aI that apply.
Titan Engineers, P.C
Contingent
E
E
Unliquidated
Official Form 206
E/F
$14,500.00
Disputed
Basis for the clam:
Seryices
offset?
ruo E Y""
Schedule E/F: Creditors Who Have Unsecured Claims
Software Copyright (c) 1996-2016 CIN Group - www.cincompass.com
$260,000.00
Disputed
Basis for the claim:
Nonpriority credtor's name and mailing address
1331 Stuyvesant Ave

Union, NJ 07083-5380
$58,000.00
Contingent
Strekte LLC
Brooklyn, NY 1 1202-1 041
$1 4.800.00
Disputed
Nonpriorty creditor's name and mailing address
119 N Park Ave Ste 201

Rockville Centre, NY 11570-4113
$12,000.00
Disputed
Nonpriority credtor's name and mailng address
Date(s) debt was ncurred
$18,000.00
I No E Y""
Republic Valuation
Check ail that apply.
Disputed
Nonprorty creditor's name and mailing address
NewYork, NY 10018-0567
3.11
offset?
E
E
3.10
Contingent
Date(sl debtwas ncurred
ls -l
Services
184 Park Ave # 103

Brooklyn, NY I 1205-2323
3.8
Basis for th ctam:
As of the petiton filng date, the claim is:
J.t
Disputed
Nonprority credtor's name and maling address
$r 96.680.00
Unliquidated
JDI Brokerage
199 Lee Ave Ste 742
Page 2 of 3
Case 1-16-41426-nhl
Doc 1
Filed 04/01/16
Entered 04/01/16 15:26:49
Case number
(t mown)
Name
3.12
Nonprorty credtor's name and maling address
As of the pettion filng date, tho clam is:
ZGCG Architects
E
E
E
266 Broadway Ste 301
Brooklyn, NY
121
l-6306
E lllll
Unliquidated
Disputeu
Architectual Services
offset?
I ruo E
Y.s
List others to Be Notifled About ljnsecured Claims
4. List n alphabetical order any others who must be notified for claims llsted in Parts
of claims listed above, and attorneys for unsecured creditors.
lf no others need to be notfied for the debts listed n Parts
fitI
$78,000.00
Contingent
and 2, Examples of entities that may be listed are colleclon agncies, assignees
and 2, do not fill out or submit ths page. lf additional pages are needed, copy the next page'
Total Amounts of the Priorty and Nonpriority Unsecured
5, Add the amounts of prorty and nonprority unsecured claims.
5a.
5b. Total clams from Part 2
5b.
5c. Total of Parts I and 2

Lines 5a + 5b = 5c.
5c.
5a, Total clalms from Part
Offcial Form 206
E/F
W
$
+
o.oo
080.00
879,080.00
Schedule E/F: Credtors Who Have Unsecured Claims
Softwa Copyriqht (c) 1996-2016 CIN Group - www.cincompss.com
Page 3 of 3
Case 1-16-41426-nhl
Doc 1
Filed 04/01/16
Entered 04/01/16 15:26:49

Debtor
name
207 Ainslie, LLC

Case number(f
known)
Check if this is an
amended fling
Official Form 206G

Schedule G: Executory Contracts and Unexpred Leases
12t15
Be as comptete and accurate as possible. lf more space is needed, copy and attach the additonal page, number the entries consecutively
1.
Does the debtor have any executory contracts or unexpired leases?
I
E
No. Check this box and file this form with the debtor's other schedules. There is nothing else to report on this form.
Yes. Fill in all of the information below even f the contacts of teases are listed on Schedule A/Bi Assefs - Real and Personal
Property (Oficial
Form 2064/8).
'
2. List all contracts and unexpired
2.1
leases
State the name and mailing address for all other parties with
debtoi has an eiecutory contractor unexpired
'il3i,n"
State what the contract or

lease is for and the nature
of the debtor's interest
State the term remaining

List the contract number of
any government contract
2.2


2.3


2.4


Offcal Form 206G
Schedule G: Executory Contracts and Unexpired Leases
sottware copyright (c) 1996-2016 CIN Group - www.cincompass.com
Page 1 of
Case 1-16-41426-nhl
Doc 1
Filed 04/01/16
Entered 04/01/16 15:26:49
Fill in this information to identify the case:

Debtor
name
207 Ainslie, LLC
Case number(if
known)
Check if this is an
amended fling
Official Form 206H

Schedule H: Your Godebtors
12t15
Be as complete and accurate as possble. lf more space is needed, copy the Additional Page, numbering the entries consecutively. Attach the
Additional Page to this page.
1. Do you have any codebtors?
No. Check this box and submit this form to the court wth the deblor's other schedutes. Nothing else needs to be reported on this form
Yes
2. ln Column 1, lst as codebtors all of the people or entities who are also liable for any debts listed by the debtor in the schedules of creditors,
Schedules D-G. lnclude all guarantors and co-obligors. ln Column 2, dentify the creditor lo whom the debt is owed and each schedule on which the
credtor is listed. lf the codebtor is liable on a debt to more than one creditor, list each creditor separately in Column 2.
Column
l:Codebtr
Column 2:
Name
Maling Address
Check all schedules

that apply:
trD
tr E/F
trG
2.1
Street
Cty
Cieditor
State
Zip Code
trD
tr E/F
trG
2.2
Street
Zip Code
trD
2.3
Street
Cty
EiF
State
Zip Code
trD
tr E/F
2.4
Street
!G
City
Official Form 206H

software copyright (c) 1996,2016 CIN Group - www.cincompass.com
State
Zip Code
Schedule H: Your Codebtors
Page 1 of
Case 1-16-41426-nhl
Doc 1
Filed 04/01/16
Entered 04/01/16 15:26:49

Deblor
name
207 Ainslie LLC
Case number(f
known)
f this is an
amended filng
Check
Official Form 206Sum

Summary of Assets and Liabilities for Non-lndividuals
lEEli.
1.
12t15
summarv of Assets
Schedule A/B; Asses-Real and Personal Property (Otftcial Form 2064/8)

1a. Real property:
Copy line 88 fromSchedule N8...............
1b. Total personal property:

Copy line 9lAfromSchedule NB..
1c. Total of all property:

Copy line 92 fromSchedule N8...............
14,002,125.00
4,200,000.00
li[:EI
14,000,000.00
2,125.00
summary of Liabilities
Schedule D: Creditors Who Have Claims Secured by Propefi (Offcial Form 206D)
Copy the total dollar amount listed in Column Mmount of claim, from line 3 of Schedule D...
3.
Schedule E/F: Creditors Who Have Unsecured Claims (Official Form 206E/F)
3a. Total claim amounts of priority unsecured clams:
Copy the total claims from Part 1 from line 5a oschedu/e
3b. Total amount of claims of nonpriority amount of unsecured claims:
Copy the total of the amount of claims from Part 2 from line 5b chedule E/F
206Sum
0.00
+$
879,080.00
Lines2+3a+3b
Official Form
Summary of Assets and Liabilities for Nonlndividuals
Software Copyright (c) 1996-20'16 CIN Group - www.cincompass.com
5,079,080.00
page'1
Case 1-16-41426-nhl
Doc 1
Filed 04/01/16
Entered 04/01/16 15:26:49
Fll in ths nformation to identfy tbe case:
Deblorne 207 Ainslie. LLC

ASTERN DISTRICT OF NEWYORK, BROOKTYN DIVISION
Unitsd States Bankruplcy Courl fr the:

Case number
(f known)
Check il this is an
amended fling
Official Form 2A2
Declaration Under PenaltY of Pe rj ury for Non-lndividual Debtors
12t15
An indiyidual who s authorlzed lo ct on behalf of a non-lndivldual debtor, such as a corporatlon or partnershlp,-must slgn and submit thfs lonn
lor the schedules of assets and llabiltla:, any other document that requir a doclaraton that ls not lncJudsd in the docume-nt' and any
amendmenls of thoso dcumnts. Thls lormlnust gtate thg lndvidual's positlon or rslationhlp to the debtr, the ldentity of the document and
the dato. Bankruptcy Rules lfX)8 nd 9011.
IVRNIN -. Bankruptcy fraud fs a gerious crirne. Maklng a false 6ttront, conceallng property, or obtinng monoy l p-r!-\t!.bY-fl1u9 in
conneconwithabnki'uptcycascnresultinfineeupto$500,0@ormprisonmenttorupto20yersrorboth.
18U.S.C'$S152'1341,119'
and 3571"
Dctaratton and signature
offica, r n ulhorzd gtt of the eorporation; a member or an uthorized agnt of th partnershlp; or another indivdual
serving as a represenlatire of lhe deblor in this case'
I am th presidnt. another
I hav examined the infonnatm n the documents checked belovr and I have a reasonable belief lhat lhe information s true and coffect:
t
I
I
I
I
I
Schedue
A'
AssleRel d Persanal Proprty(Omcal Fom 20AJB)
Schedu : Crcditors vlha Hv C/rs Sec{rred
Schedula E/F: Credtors Who Have t)nsocured Ctaims (Oflicial Form 206ElF)
Schedule G: Executory Contncts nd Urtexpred Leases(Ofrcial Form 206G)

Sehedule H:Codabtors (Oflicl
Sumary of Asses ald
Fom 206H)
Liabil:,lies for
Nanlndividusls (Official Form 206Sum)
Amended Scedu
Chapter 11 spls
Other dcrmnl lhal requires a declaration
by PropartylOtcial Form 206D)
m2a4l
I declare under penally of perjury that lh foregoing is true and coffecl.
Fxecuted
on April 1 , 2016
x
Harry Einhorn
Printed name
Manager
Position or relalionship to debtor
Case 1-16-41426-nhl
Doc 1
Filed 04/01/16
AAA Group
135 Lorimer St
Brooklyn, NY It206-4806
Active Environmental
1274 49rh Sr # 245
Brooklyn, NY 11"21,9-301-I
Axle PR
1-01 Airport Executive Park
Nanuet,
NY
1"0954-5261,
Boris Saks Esq.,

1132 E L2tln Sr
Brooklyn, NY
PLLC
t1-229-1,01,4
Corp. (USA)
4t-99 Fl-ushing St Fl
Flushing, NY 11355
CTBC Bank
FCT Construction LLC

PO Box 854
Monsey, NY 1-0952-0854
JDI Brokerage
199 Lee Ave Ste 742
Brooklyn, NY 17271-- B 919
Entered 04/01/16 15:26:49
Case 1-16-41426-nhl
Doc 1
Filed 04/01/16
Republic Val-uation
I84 Park Ave # 103
Brooklyn, NY 1"1"205-2323
Sal-amon Engineering
55 w 39rh Sr #
New
303
York, NY 10018-0567
Sidraine & Sidraine

119 N Park Ave Ste 20L
Rockvil-Ie Centre, NY l-1570-41-13
Strekte
LLC
2I04I
PO Box
Titan Engi-neers,
P.
1331 Stuyvesant Ave
Union, NJ 07083-5380
ZCCG Archi-tects
266 Broadway Ste
Brooklyn, NY
301-
IL211--6306
Entered 04/01/16 15:26:49
Case 1-16-41426-nhl
Doc 1
Filed 04/01/16
Entered 04/01/16 15:26:49
IN RE:
of,credirs) is tne nnd
'l*e above named. debtor(s) or attorney

do$e,tt th.s blpst of their knowledge'
ate r1, l" 2A18
8:
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Bankruptcy Filing

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Bankruptcy Filing

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Case 1-16-41426-nhl

Entered 04/01/16 15:26:49

Fill in this information to dentfy your case:

EASTERN DISTRICT OF NEW YORK, BROOKLYN DIVISION

Check if this an amended

Official Form 201

Voluntary Petition for Non-lndi viduals Filing for Bankru

All other names debtor

207 Ainslie. LLG

lnclude any assumed

Debtor's federal Employer

Principal place of business

Mailing address, if different from principal place of

P.O. Box, Number, Street, City, State & ZIP Code

Locaton of principal assets, if different from principal

207-217 Ainslie St Brooklyn, NY 11211-4810

Debtor's website (URL)

Offcal Form 201

Voluntary Petition for Non-lndividuals Filing for Bankruptcy

Debtor 207 Ainslie, LLC

Entered 04/01/16 15:26:49

Case number (,7k,own)

Descrbe debto's business

Health Care Business (as defined in 11 U.S.C. S 101(274))

SingleAsset Real Estate (as defined in 11 U.S.C. S 101(5180

Caring Bank (as defined in 11 U.S.C.

None of the above

B. Check allthat apply

Tax-exempt entity (as described in 26 U.S.C. S501)

Under which chapter of the

Check altthat applyi

Thedebtorisasmall businessdebtorasdefinedinll U.S.C.S101(51D). lf thedebtorisasmall

A plan is being filed with this petiton.

Were prior bankruptcy

lf more than 2 cases, attach a

Are any bankruptcy cases

List all cases. lf more than 1,

Official Form 201

Voluntary Pettion for Nonlndividuals Filing for Bankruptcy

Case number, if known

Debtor 207 Ains

Does the debtor own

have possession of any

Entered 04/01/16 15:26:49

Case number (,fkrowr)

Check allthat apply:

lt needs to be physically secured or protected from the weather.

Where is the property?

Statistical and administrative information

Funds will be available for distribution to unsecured credilors.

Official Form 201

$t ,ooo,oot - 91o mirion

gto,ooo,oot - sso mirion

$t,ooo,oor - $10 mirion

Voluntary Petition for Non-lndividuals Filing for Bankruptcy

$r ,ooo,ooo,ool - $10 birion

tr $r o,ooo,ooo,oo1 - $so birion

Entered 04/01/16 15:26:49

Cse number {itfwn}

Rsqst fr Rollt Doclarllon, nd Sgt:atts

17, Oclaratori and slgnature

The debtor requests rellef ln ccordance wllh

I have been authorized lo ,ile ths