Filing Alert: 1363 First Owner Chapter 11

1363 First Owner LLC, a Brooklyn, NY-based single-asset real estate company, filed for Chapter 11 protection on Mar. 12 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 25-41182.

Key Parties

Signatories:

• Yisroel Heisler – Manager

Bondoro Insights is continuing to monitor this case and will provide further coverage as appropriate.

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