Steven Hurwitz

CAVU Property Group

Developer, Owner

CAVU Property Group portfolio

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

$10.3 million – elevator 73.0%, development 26.0%; Brooklyn 94.0%, Bronx 5.0%

2579th largest portfolio by dollar value

134,944 sqft – elevator 44%, D7 42%;

1560th largest by SF

10 properties – Brooklyn 90%, Bronx 10%

147th largest

345 residential units – Brooklyn 94%, Bronx 5%

473th largest by residential units

Person Activity past 24 months:

Buyer signatory: 1 for $6.8 million

Seller signatory: 0 for $0

Borrower signatory: 6 for $104.6 million

Lender signatory: 0 for $0

Developer (new building or major alteration): 1 for 33,921 square feet

Top Ten Associated Companies:

Top Ten Associated People:

Yonathan Whitehouse (2), David Gross (1), Gary Hoffson (1), Ann S. Wilhelm (1)

Recent activity as signatory:

• CAVU Property Group borrowed $5.8 million from Valley National Bank for 157 West Kingsbridge Roa, Kingsbridge Heights, Bronx on September 10, 2024.

• CAVU Property Group borrowed $18 million from Webster Bank for 1597 New York Avenue, 1296 New York Avenue, 3410 Farragut Road, 1595 New York Avenue, 3408 Farragut Road, and others, East Flatbush, Brooklyn on August 14, 2024.

• CAVU Property Group borrowed $19.5 million from Levon Capital for 2255 Nostrand Avenue, Flatlands, Brooklyn on June 28, 2024.

• CAVU Property Group borrowed $41.1 million from Popular Bank for 2263 Nostrand Avenue, Flatlands, Brooklyn on June 25, 2024.

• Steven Hurwitz filed plans for new building for 33,921 sqft in Flatlands, Brooklyn, on May 31, 2023.

• CAVU Property Group borrowed $6.5 million from Popular Bank for 2251 Nostrand Avenue, Flatlands, Brooklyn on May 26, 2023.

• Steven Hurwitz borrowed $13.7 million from Popular Bank for 452 St Marks Avenue, 458 St Marks Avenue, and N/A St Marks Avenue, Crown Heights, Brooklyn on January 12, 2023.

• David Gross sold 452 St Marks Avenue, 458 St Marks Avenue, and N/A St Marks Avenue, Crown Heights, Brooklyn for $6.8 million to Steven Hurwitz on January 12, 2023.

• Company borrowed $15 million from City National Bank for 3410 Farragut Road, 1296-1298 New York Avenue, and 1595-1597 New York Avenue, East Flatbush, Brooklyn on July 27, 2022.

• Steven Hurwitz filed plans for new building for 28,703 sqft in Crown Heights, Brooklyn, on April 15, 2022.