Erik Ekstein

Ekstein Development Group

Ekstein Development Group|E+T Development Group portfolio

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

$38.7 million – elevator 99.0%, None 0.0%; Queens 71.0%, Brooklyn 28.0%

1103th largest portfolio by dollar value

290,767 sqft – elevator 100.0%, None 0.0%;

896th largest by SF

6 properties – Queens 50%, Brooklyn 33%

151th largest

386 residential units – Brooklyn 57.0%, Queens 42.0%

445th largest by residential units

Person Activity past 24 months:

Buyer signatory: 0 for $0

Seller signatory: 0 for $0

Borrower signatory: 2 for $51.1 million

Lender signatory: 0 for $0

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

Top Ten Associated Companies:

Citibank (2), Walker & Dunlop (1), JLL (1), Man Real Estate Debt Investments (1), Spruce Capital (1)

Top Ten Associated People:

William Marcus Duley (1), Alyssa D. Berquam (1)

Recent activity as signatory:

Ekstein Development Group borrowed $32.5 million from JLL for 44-80 11th Street and 10-44 44th Drive, Long Island City, Queens on November 27, 2023.

Ekstein Development Group borrowed $18.6 million from Walker & Dunlop for 46-09 11th Street, Long Island City, Queens on February 14, 2023.

Erik Ekstein filed plans for new building for 55,812 sqft in Bedford Stuyvesant, Brooklyn, on March 11, 2022.

Ekstein Development Group borrowed $9.1 million from Citibank for 1389 Broadway, Bushwick, Brooklyn on August 19, 2020.

Ekstein Development Group borrowed $16.9 million from Citibank for 1389 Broadway also known as 8 Palmetto Street, Bushwick, Brooklyn on May 06, 2020.

Ekstein Development Group borrowed $62 million from Man Real Estate Debt Investments for 30 East 31st Street, Nomad, Manhattan on December 31, 2019.

E+T Development Group borrowed $11.3 million from Spruce Capital for 1325 Broadway, Bushwick, Brooklyn on December 10, 2019.

Erik Ekstein filed plans for new building for 103,378 sqft in Bushwick, Brooklyn, on July 30, 2018.

Erik Ekstein filed plans for new building for 102,165 sqft in Bushwick, Brooklyn, on April 30, 2018.

Erik Ekstein filed plans for new building for 71,717 sqft in Park Avenue South, Manhattan, on February 12, 2015.

Latest Stories:

• Ekstein Development signs $48.8M construction loan with Santander for development in Bushwick April 13, 2022

• Ekstein Development adds $9M in debt for construction project in Bushwick August 20, 2020

• Ekstein Development borrows $45.5M from Citibank for residential construction in Bushwick June 22, 2020

• Ekstein Development borrows $17M from Citibank for new development in Bushwick May 07, 2020

• Ekstein Development Group borrows $62M from Man Real Estate for multifamily property in Nomad January 02, 2020

• Erik Ekstein’s E+T Development Group borrows $11M from S3 Capital for acqusition of vacant land in Bushwick December 11, 2019

• Erik Ekstein’s E+T Development Group pays $17M to Jeremy Markowitz’s Heritage Real Estate Partners for vacant property in Bushwick December 10, 2019

Litigation:

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