Nightingale Properties

Nightingale Properties portfolio

$15.4 million – office 100%, specialty 0%; Manhattan 100%, Bronx 0%

2021th largest portfolio by dollar value

59,757 sqft – office 100%, specialty 0%;

2567th largest by SF

3 properties – Brooklyn 66%, Manhattan 33%

154th largest

1 foreclosure, 0 bankruptcies, 6 other court cases.

Company Activity past 24 months:

Buyer company: 1 for $0

Seller company: 3 for $126.6 million

Borrower company: 2 for $0

Lender company: 0 for $0

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

Top Ten Associated People:

Justin Adelipour (2), Michael L. Bruneau (1), Brian Shatz (1), Brandon Miller (1), Lisa L. Kim (1), Igal Namdar (1), Steven Kashanian (1)

Latest Stories:

• Namdar, Klosed acquire $10.4M Nightingale office ground lease in Grand Central, in lieu of foreclosure (November 08, 2024)

• Urban Edge hands back $88.8M Kingswood Center in Sheepshead Bay to CMBS lender (August 06, 2024)

• $67M June auction set for Urban Edge’s Kingswood Center mall (June 04, 2024)

• Namdar, Klosed file $30M pre-foreclosure at Nightingale Grand Central office building (November 20, 2023)

• Capstone Equities acquires Whale Building in Sunset Park with $49.5M loan from Argentic (September 08, 2023)

• Namdar, Klosed buy $30M note secured by Nightingale Properties office building in Grand Central (September 07, 2023)

• Capstone sues Nightingale CEO over $90M in alleged guarantys at Whale Building (July 13, 2023)

• $65.5M pre-foreclosure filed at Urban Edge Properties Sheepshead Bay retail, office (June 12, 2023)

• Capstone Equities buys $88.9M note on Nightingale’s Whale in Sunset Park (May 30, 2023)

• Nightingale sues Capstone over Sunset Park note sale, seeks $20M (January 18, 2023)

Litigation:

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Properties:

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