Joseph Caruso
Arden Group
Arden Group portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$28.5 million – hotel 95%, development 4%; Manhattan 100%, Bronx 0%
1340th largest portfolio by dollar value
158,519 sqft – hotel 100%, development 0%;
1416th largest by SF
2 properties – Manhattan 100%, Bronx 0%
155th largest
222 residential units – Manhattan 100%, Bronx 0%
578th largest by residential units
0 foreclosures, 2 bankruptcies, 2 other court cases.
Top Ten Associated Companies:
SCALE Lending (1)
Recent activity as signatory:
• Arden Group borrowed $34 million from SCALE Lending for 4650 Broadway, Washington Heights, Manhattan on January 13, 2022.
• Joseph Caruso filed plans for new building for 351,388 sqft in Washington Heights, Manhattan, on November 29, 2021.