Witnick Real Estate Partners
People:
Witnick Real Estate Partners portfolio
$145.8 million – walkup 81%, elevator 18%; Manhattan 66%, Brooklyn 33%
391th largest portfolio by dollar value
506,937 sqft – walkup 75%, elevator 24%;
589th largest by SF
35 properties – Manhattan 71%, Brooklyn 28%
122th largest
691 residential units – Manhattan 63%, Brooklyn 36%
296th largest by residential units
0 foreclosures, 0 bankruptcies, 1 other court case.
Company Activity past 24 months:
Buyer company: 3 for $60 million
Seller company: 3 for $10.8 million
Borrower company: 4 for $51.2 million
Lender company: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
Dime Community Bank (4), Signature Bank (3), Arbor Realty Trust (3), Paul Kampa (2), Customers Bank (2), George Wong (1), Matthew M. Nalbandian (1), L. Stuart Lemle (1), Mark Koplowitz (1), Samuel Palace (1)
Top Ten Associated People:
Louis Ciniglio (3), J. Stuart Lemle (2), Paul Kampa (2), Leo DiLoreto (2), Kenneth Dowling (2), George Wong (1), Matthew M. Nalbandian (1), L. Stuart Lemle (1), Mark Koplowitz (1), Samuel Palace (1)
Latest Stories:
• Witnick pays $27.5M to Madison Realty Capital for 62-unit rental in Clinton Hill (March 22, 2024)
• Eric Modell pays $3.4M to Witnick Real Estate for mixed-use in Cobble Hill (November 06, 2023)
• Witnick signs $6.2M refi loan with Arbor for 13-unit walkup in Kips Bay (May 18, 2023)
• Joseph Maio pays $4.7M to Witnick for mixed-use in Park Slope (April 25, 2023)
• Witnick pays Kushner $5.8M for 18-unit walkup in Alphabet City, down from $7M (April 25, 2023)
• Shiya Ehrenreich pays $3.8M to Witnick for residential walkup in Bed Stuy (October 07, 2022)
Litigation: