Isaac Abraham

Witnick Real Estate Partners

Witnick Real Estate Partners portfolio

(NYC’s “Market Value,” 50% or less of actual value)

$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.

Person Activity past 24 months:

Buyer signatory: 3 for $60 million

Seller signatory: 2 for $8 million

Borrower signatory: 4 for $51.2 million

Lender signatory: 0 for $0

Developer (new building or major alteration): 0 for 0 square feet

Top Ten Associated Companies:

Signature Bank (5), Dime Community Bank (4), Customers Bank (3), Arbor Realty Trust (3), Paul Kampa (2), Samuel Palace (1), Gilman Management Corp. (1), Elmadani Sadek (1), Jakobson Properties (1), Seagram Properties (1)

Top Ten Associated People:

Gail Naviasky (4), Louis Ciniglio (3), Leo DiLoreto (3), Paul Kampa (2), Kenneth Dowling (2), Samuel Palace (1), Robert Raphael (1), Elmadani Sadek (1), Peter Jakobson (1), Paul Daniel Conway (1)

Recent activity as signatory:

• Witnick Real Estate Partners borrowed $18.3 million from Arbor Realty Trust for 97 Grand Avenue, Clinton Hill, Brooklyn on March 22, 2024.

• Madison Realty Capital sold 97 Grand Avenue, Clinton Hill, Brooklyn for $27.5 million to Witnick Real Estate Partners on March 22, 2024.

• Witnick Real Estate Partners sold 148 Atlantic Avenue, Cobble Hill, Brooklyn for $3.4 million to Eric Modell on November 03, 2023.

• Witnick Real Estate Partners borrowed $20 million from Arbor Realty Trust for 525 Union Avenue, Williamsburg, Brooklyn on June 20, 2023.

• Cheskel Jacobowitz sold 525 Union Avenue, Williamsburg, Brooklyn for $26.8 million to Witnick Real Estate Partners on June 20, 2023.

• Witnick Real Estate Partners borrowed $6.2 million from Arbor Realty Trust for 212 East 29th Street, Kips Bay, Manhattan on May 17, 2023.

• Kushner Companies sold 195 East 4th Street, Alphabet City, Manhattan for $5.8 million to Witnick Real Estate Partners on April 24, 2023.

• Witnick Real Estate Partners sold 131 5th Avenue, Park Slope, Brooklyn for $4.7 million to Joseph Maio on April 24, 2023.

• Witnick Real Estate Partners borrowed $6.7 million from Dime Community Bank for 1734 Amsterdam Avenue, 2268 Adam C Powell Blvd, and 220 West 122nd Street, Harlem, Manhattan on January 13, 2023.

• Gorjian Real Estate Groupand Witnick Real Estate Partners borrowed $5 million from Dime Community Bank for 118 East 31st Street and 116 East 31st Street, Park Avenue South, Manhattan on January 06, 2023.