Wells Fargo Bank National Association as Trustee for the Holders of COMM 2014-UBS6 Mortgage Trust Commercial Mortgage Pass-Through Certificates by and through its Special Server, LNR Partners LLC v. 366 Realty LLC; Joshua Mizrahi; Criminal Court of the City of New York; NYC Environmental Control Board; New York City Department of Finance; Kassin Sabbagh Realty LLC

CourtDistrict Court, E.D. New York
DecidedSeptember 27, 2025
Docket1:17-cv-03570
StatusUnknown

This text of Wells Fargo Bank National Association as Trustee for the Holders of COMM 2014-UBS6 Mortgage Trust Commercial Mortgage Pass-Through Certificates by and through its Special Server, LNR Partners LLC v. 366 Realty LLC; Joshua Mizrahi; Criminal Court of the City of New York; NYC Environmental Control Board; New York City Department of Finance; Kassin Sabbagh Realty LLC (Wells Fargo Bank National Association as Trustee for the Holders of COMM 2014-UBS6 Mortgage Trust Commercial Mortgage Pass-Through Certificates by and through its Special Server, LNR Partners LLC v. 366 Realty LLC; Joshua Mizrahi; Criminal Court of the City of New York; NYC Environmental Control Board; New York City Department of Finance; Kassin Sabbagh Realty LLC) is published on Counsel Stack Legal Research, covering District Court, E.D. New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Wells Fargo Bank National Association as Trustee for the Holders of COMM 2014-UBS6 Mortgage Trust Commercial Mortgage Pass-Through Certificates by and through its Special Server, LNR Partners LLC v. 366 Realty LLC; Joshua Mizrahi; Criminal Court of the City of New York; NYC Environmental Control Board; New York City Department of Finance; Kassin Sabbagh Realty LLC, (E.D.N.Y. 2025).

Opinion

UNITED STATES DISTRICT COURT EASTERN DISTRICT OF NEW YORK -------------------------------------------------------------------X WELLS FARGO BANK NATIONAL ASSOCIATION AS TRUSTEE FOR THE HOLDERS OF COMM 2014- UBS6 MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES BY AND THROUGH ITS SPECIAL SERVER, LNR REPORT AND PARTNERS LLC, RECOMMENDATION

Plaintiff, 17-CV-3570 (Matsumoto, J.) v. (Marutollo, M.J.)

366 REALTY LLC; JOSHUA MIZRAHI; CRIMINAL COURT OF THE CITY OF NEW YORK; NYC ENVIRONMENTAL CONTROL BOARD; NEW YORK CITY DEPARTMENT OF FINANCE; KASSIN SABBAGH REALTY LLC,

Defendants. -------------------------------------------------------------------X

JOSEPH A. MARUTOLLO, United States Magistrate Judge: Plaintiff Wells Fargo Bank National Association, as Trustee for the Holders of COMM 2014-UBS6 Mortgage Trust Commercial Pass-Through Certificates, by and through its special service, LNR Partners LLC (“Plaintiff”) filed this foreclosure action on June 13, 2017 against Defendants 366 Realty LLC (“366 Realty”); Joshua Mizrahi; Criminal Court of the City of New York (the “Criminal Court”); NYC Environmental Control Board (“ECB”); New York City Department of Finance (“DOF”); Kassin Sabbagh Realty LLC (“Kassin”); as well as several other defendants who were thought to possess or claim an interest in or lien upon the real property located at 366 Knickerbocker Avenue, Brooklyn, New York 11237 (the “Property”). See Dkt. No. 1. On March 16, 2021, the Court granted Plaintiff’s motion for summary judgment against 366 Realty. See Dkt. No. 58; see also Wells Fargo Bank Ass’n v. 366 Realty LLC, 2021 WL 9494173 (E.D.N.Y. Mar. 16, 2021) (Johnson, J.). On November 26, 2024, the undersigned issued a Report and Recommendation, recommending that default judgment be granted as to Kassin, but denied as to Mizrahi,1 the Criminal Court, the ECB, and the DOF. See Dkt. No. 110. On February 20, 2025, the Honorable Kiyo Matsumoto, United States District Judge, adopted that Report and Recommendation in full. See Dkt. No. 118.

Currently pending before this Court,2 on a referral from the Judge Matsumoto, is Plaintiff’s motion for default judgment (the “Motion”) against Defendants Criminal Court, the ECB, and the DOF (collectively, the “Defaulting Defendants”).3 See Dkt. No. 148; Dkt. No. 137 Text Entry. For the reasons set forth below, this Court respectfully recommends that Plaintiff’s Motion be GRANTED in part and DENIED in part. I. Background A. Factual Allegations The following facts are taken from the Second Amended Complaint, Plaintiff’s Motion, and the attachments filed in support of Plaintiff’s Motion. The facts are assumed to be true for the

purposes of this motion. See Finkel v. Romanowicz, 577 F.3d 79, 84 (2d Cir. 2009) (in light of defendant’s default, a court is required to accept all of plaintiff’s factual allegations as true and

1 While Mizrahi initially appeared through counsel and answered the Complaint on August 21, 2017, see Dkt. No. 7, he defaulted with regard to the First Amended Complaint. See Dkt. Nos. 70, 90. Plaintiff’s motion for default judgment against Mizrahi, however, was denied, as Mizrahi subsequently became active in the litigation again and answered the Second Amended Complaint. See November 12, 2024 Text Order; Dkt. Nos. 110, 128.

2 Also pending before this Court are Plaintiff’s and Mizrahi’s cross-motions for summary judgment on the issue of Mizrahi’s deficiency liability as a guarantor, and Plaintiff’s motion for appointment of a receiver. See Dkt. Nos. 141, 142. A separate opinion shall issue with regard to those motions.

3 Plaintiff also moves for default judgment against Kassin. See Dkt. No. 148. Per the Court’s September 19, 2025 Order, however, Plaintiff’s motion for default judgment against Kassin (see Dkt. No. 148-9 at 11- 12), is denied as moot because the Court already granted Plaintiff’s default judgment motion against Kassin. See Dkt. No. 118; September 19, 2025 Text Order. draw all reasonable inferences in plaintiff’s favor); see also BASF Corp. v. Original Fender Mender, Inc., No. 23-CV-2796 (HG) (JAM), 2023 WL 8853704 (E.D.N.Y. Dec. 22, 2023), report and recommendation adopted, Text Order (E.D.N.Y. Jan. 9, 2024) (same); Doe v. Hyassat, No. 18-CV-6110 (PGG) (OTW), 2024 WL 1955354 (S.D.N.Y. May 3, 2024) (same). On November 6, 2014, 366 Realty executed a loan agreement (the “Loan Agreement”)

obtaining a loan (the “Loan”) for $2,200,000 from Cantor Commercial Real Estate Lending, L.P. (the “Original Lender”). Dkt. Nos. 121 ¶¶ 13-14; 121-3. Defendant 366 Realty signed and delivered an Amended, Restated, and Consolidated Promissory Note (the “Note”). Dkt. No. 121 ¶ 15; Dkt. No. 121-4. The indebtedness owed under the Note is secured by the Property, as outlined in the Mortgage Security Agreement and Assignment of Leases and Rents (“Original Mortgage”). Dkt. No. 121 ¶ 16; Dkt. No. 121-5. The Original Mortgage was recorded in the Office of City Register of the City of New York, Kings County on August 22, 2006, as CRFN 2006000473672. Dkt. Nos. 121 ¶ 17. After numerous assignments, the indebtedness owed under the Note was further secured

by the Property, as evidenced by the Amended, Restated and Consolidated Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing, dated November 6, 2014 (the “Amended Mortgage”). Dkt. No. 121 ¶¶ 17-22. The Amended Mortgage, which restated, amended, and consolidated the Original Mortgage, granted the Original Lender a first-priority lien on the Property, and was recorded in the Office of City Register of the City of New York, Kings County on November 28, 2014, as CRFN 2014000393969. See Dkt. Nos. 121 ¶¶ 23-25; 121-8. As a further source of repayment for the obligations owed by 366 Realty, including its obligations under the Note, Defendant 366 Realty executed an Assignment of Leases and Rents (the “ALR”). Dkt. No. 121 ¶ 27; Dkt. No. 121-9. Defendant Mizrahi also allegedly guaranteed repayment of the Loan pursuant to a Guaranty of Recourse Obligations, dated November 6, 2014 (the “Guaranty”). Dkt. No. 121 ¶ 29; Dkt. No. 121-10. In December 2014, the Original Lender assigned and transferred all rights, title, and interest in the Loan Agreement, Note, ALR, and Mortgage (collectively, the “Loan Documents”) to Plaintiff. Dkt. No. 121 ¶ 30; Dkt. No. 121-11.

By letter dated February 19, 2016, Plaintiff notified Defendant 366 Realty that it was in default under the terms of the Loan for failing to have all rents deposited into the requisite clearing account, failing to remit all excess cash to Plaintiff, failing to deliver outstanding financial statements to Plaintiff, and executing a lease at the Property without Plaintiff’s prior review and consent. Dkt. Nos. 121 ¶ 37; 121-13. Plaintiff sent four additional default letters to Defendant 366 Realty after it failed to cure the aforementioned defaults. See Dkt. Nos. 121 ¶¶ 38-41; 121-14 – 121-17. Then, on April 3, 2017, Plaintiff accelerated the Note after Defendant 366 Realty failed to cure the defaults. See Dkt. Nos. 121 ¶¶42-43; 121-18. As of Plaintiff’s commencement of this action on June 13, 2017, and through the filing of

Plaintiff’s Second Amended Complaint on February 28, 2025, Plaintiff asserts that Defendant 366 Realty was and is in default under the terms of the Loan Documents. See Dkt. No. 121 ¶¶ 36. Accordingly, Plaintiff alleges that Defendant 366 Realty is indebted to the Lender for all sums due and owing under the Loan Documents. Id. ¶ 46. Plaintiff further claims that it is entitled to possession of the Property and to collect rents and profits of the same under the terms of the Amended Mortgage and the ALR. Id. ¶¶ 47-49.

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Wells Fargo Bank National Association as Trustee for the Holders of COMM 2014-UBS6 Mortgage Trust Commercial Mortgage Pass-Through Certificates by and through its Special Server, LNR Partners LLC v. 366 Realty LLC; Joshua Mizrahi; Criminal Court of the City of New York; NYC Environmental Control Board; New York City Department of Finance; Kassin Sabbagh Realty LLC, Counsel Stack Legal Research, https://law.counselstack.com/opinion/wells-fargo-bank-national-association-as-trustee-for-the-holders-of-comm-nyed-2025.