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 Servicer, 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; and Kassin Sabbagh Realty LLC

District Court, E.D. New York·Decided June 17, 2026·No. 1:17-cv-03570·Unknown

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 SERVICER, 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; and KASSIN SABBAGH REALTY LLC,

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

JOSEPH A. MARUTOLLO, United States Magistrate Judge: On June 13, 2017, Plaintiff 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 servicer, LNR Partners LLC, filed this foreclosure action against Defendants 366 Realty LLC (“366 Realty”); Joshua Mizrahi (“Mizrahi”); the Criminal Court of the City of New York (the “Criminal Court”); NYC Environmental Control Board (“ECB”); New York City Department of Finance (“DOF”); and Kassin Sabbagh Realty LLC (“Kassin”); as well as several other defendants who were thought to possess or claim an interest in or a lien upon the real property located at 366 Knickerbocker Avenue, Brooklyn, New York 11237 (the “Property”). See Dkt. No. 1. Extensive litigation followed. On March 16, 2021, the Court granted Plaintiff’s motion for summary judgment against 366 Realty, finding that Plaintiff was entitled to foreclosure. Dkt. No. 58. On October 15, 2025, the Court granted in part Plaintiff’s motion for summary judgment against Defendants 366 Realty and Mizrahi1 as to Mizrahi’s interest in the Property. See Dkt. No. 162. On November 19, 2025, the Court appointed a receiver for the Property. See Dkt. No. 169. Currently pending before this Court, on a referral from the Honorable Kiyo A. Matsumoto, United States District Judge, is Plaintiff’s motion seeking judgment of foreclosure, sale, and other

relief. See Dkt. No. 177; Text Order, dated Feb. 2, 2026. Specifically, Plaintiff’s motion seeks foreclosure and sale to satisfy all sums due to Plaintiff, namely, “(i) $3,603,179.68, plus interest accruing at a daily rate of $622.58 . . . from July 31, 2023 through the entry of Judgment [o]f Foreclosure and Sale [a]nd Other Relief, (ii) advances by Plaintiff subsequent to July 31, 2023 in the amount of $140,769.34, and (iii) attorney fees and disbursements in the amount of $567,054.08, with post judgment interest to accrue thereon,” as well as “such other and further relief as the Court may deem just and proper.” Dkt. No. 177-3 at 14.2 For the reasons set forth below, the undersigned respectfully recommends that Plaintiff’s motion be granted in part and denied in part.

I. Relevant Background The Court presumes the parties’ familiarity with this matter. The Court recites only the relevant facts and procedural history below. 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.

1 Defendants 366 Realty and Mizrahi are the only active defendants remaining in this action. On February 20, 2025, the Court entered default judgment as to Kassin. See Dkt. No. 118. On October 17, 2025, the Court entered default judgment against the Criminal Court and ECB, but denied, without prejudice, default judgment as to the DOF. See Dkt. No. 163. On June 5, 2026, Plaintiff filed a notice of discontinuance against the DOF, without prejudice. See Dkt. No. 186.

2 Page citations are to the ECF-stamped pages unless otherwise noted. (the “Original Lender”). Dkt. No. 38 ¶ 6; Dkt. No. 121 ¶¶ 13-14; Dkt. No. 121-3; see also Dkt. No. 87-4. Next, 366 Realty signed and delivered an Amended, Restated, and Consolidated Promissory Note (the “Note”). Dkt. No. 38 ¶ 7; Dkt. No. 121 ¶¶ 14-15; 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. 38 ¶ 9; Dkt.

No. 121 ¶ 16; Dkt. No. 121-5. 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. 38 ¶¶ 10-12; Dkt. No. 121 ¶¶ 17-22; see also Dkt. No. 87-6. The Amended Mortgage granted the Original Lender a first-priority lien on the Property. Dkt. No. 38 ¶¶ 13-14; Dkt. No. 121 ¶¶ 23-25; Dkt. No. 121-8. As a further source of repayment for the obligations owed by 366 Realty, including its obligations under the Note, 366 Realty executed an Assignment of Leases and Rents (the “ALR”).

Dkt. No. 38 ¶ 15; Dkt. No. 121 ¶¶ 26-27; Dkt. No. 121-9. Mizrahi also allegedly guaranteed repayment of the Loan pursuant to a Guaranty of Recourse Obligations, dated November 6, 2014 (the “Guaranty”). Dkt. No. 38 ¶ 16; Dkt. No. 121 ¶ 28; Dkt. No. 121-10. In December 2014, the Original Lender assigned and transferred all rights, title, and interest in the Loan Agreement, Note, ALR, Guaranty, and Amended Mortgage (collectively, the “Loan Documents”) to Plaintiff. Dkt. No. 38 ¶¶ 17-18; Dkt. No. 121 ¶¶ 29-30; Dkt. No. 121-11. The Amended Mortgage provided for appointment of a receiver. See Dkt. No. 142-15 § 7.1(g) (stating that, upon 366 Realty’s default, Plaintiff may “apply for the appointment of a receiver . . . of the Property, without notice and without regard for the adequacy of the security for the Debt and without regard for the solvency of [366 Realty], any guarantor or indemnitor with respect to the Loan or any Person otherwise liable for the payment of the Debt or any part thereof”). It is undisputed that 366 Realty has been in default under the Loan Documents since 2017. See Dkt. No. 38 § 31; Dkt. No. 121 § 36. Plaintiff thereafter accelerated the Note on April 3, 2017. See Dkt. No. 58 at 7; Dkt. No. 121 §] 42-43; Dkt. No. 121-18; Dkt. No. 150 at 5. Plaintiff commenced this foreclosure action on June 13, 2017. Dkt. No. 1. On March 16, 2021, the Court granted Plaintiff's motion for summary judgment against 366 Realty, finding that Plaintiff was entitled to foreclosure. Dkt. No. 58; Wells Fargo Bank Nat’l Ass'n v. 366 Realty LLC, No. 17-CV-3570 (SJ) (RER), 2021 WL 9494173 (E.D.N.Y. Mar. 16, 2021). Litigation then continued, which included Plaintiff's filing of its First Amended Complaint on April 19, 2023. See Dkt. No. 70. On January 15, 2024, the undersigned issued a Report and Recommendation, which recommended that Plaintiff's motion to fix indebtedness be granted in part and denied in part. Dkt. No. 95. Specifically, the undersigned recommended that Plaintiff be awarded $3,603,179.68 plus interest accruing at a daily rate of $622.58 from July 31, 2023 through the entry of Judgment of Foreclosure, as set forth in more detail below:

$2,071,999.91 Contract Interest $528,315.34 Default Interest $741,227.18 $109,595.84 $117,756.86 Interest on Advances Financial Statement Fees $35,000.00

-$715.45 $3,603,179.68

Id. at 20. On March 26, 2024, Judge Matsumoto adopted in full the undersigned’s January 15, 2024 Report and Recommendation, thereby granting in part and denying in part Plaintiff’s motion to fix indebtedness. Dkt. No. 101. On February 20, 2025, the Court granted default judgment as to Defendant Kassin but denied Plaintiff’s motion for default judgment as to Defendants Mizrahi, the Criminal Court, ECB,

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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 Servicer, 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; and Kassin Sabbagh Realty LLC, (E.D.N.Y. 2026).

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 Servicer, 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; and 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 Servicer, 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; and Kassin Sabbagh Realty LLC) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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