Isaac Kassirer
Emerald Equity Group
Emerald Equity Group portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$156.5 million – walkup 51%, elevator 48%; Manhattan 80%, Bronx 19%
364th largest portfolio by dollar value
1,206,560 sqft – walkup 59%, elevator 40%;
275th largest by SF
49 properties – Manhattan 55%, Bronx 44%
108th largest
1,441 residential units – Manhattan 62%, Bronx 37%
154th largest by residential units
45 foreclosures, 0 bankruptcies, 7 other court cases.
Other Links:
https://iapps.courts.state.ny.us/nyscef/ViewDocument?docIndex=IS2eWBYl2_PLUS_QgbGEqhKfQwQ==
Top Ten Associated Companies:
Sabal Capital Partners (4), Cedarbridge Management (3), Sabal Capital Group (1), Tweed Capital (1)
Top Ten Associated People:
Mark Irgang (1)
Recent activity as signatory:
• Emerald Equity Group borrowed $0 from Cedarbridge Management for 312 West 114th Street, Harlem, Manhattan on December 23, 2022.
• Emerald Equity Group borrowed $0 from Cedarbridge Management for 320 Manhattan Avenue, Harlem, Manhattan on December 23, 2022.
• Emerald Equity Group borrowed $0 from Cedarbridge Management for 350 Manhattan Avenue, Harlem, Manhattan on December 23, 2022.
• Emerald Equity Group borrowed $7 million from Tweed Capital for 47 West 71st Street, 41 West 89th Street, and 42 West 88th Street, Lincoln Square, Manhattan on January 22, 2021.
• Emerald Equity Group borrowed $14.4 million from Sabal Capital Partners for 1071 Franklin Avenue, 1134 West Farms Road, 2224 Lyon Avenue, 810 Ritter Place, Morrisania, Bronx on November 04, 2019.
• Emerald Equity Group borrowed $14.7 million from Sabal Capital Partners for 441 East 187th Street, 440 East 187th Street, 1202 Spofford Avenue, Tremont, Bronx on November 04, 2019.
• Emerald Equity Group borrowed $11.9 million from Sabal Capital Partners for 801 Freeman Street, 741 Hunts Point Avenue, Morrisania, Bronx on October 31, 2019.
• Emerald Equity Group borrowed $14.8 million from Sabal Capital Partners for 214 East 168th Street, 773 Melrose Avenue, 1235 Morris Avenue, Longwood Melrose, Bronx on October 31, 2019.
• Emerald Equity Group borrowed $14.3 million from Sabal Capital Group for 3038 Holland Avenue, 2120 Crotona Avenue, 1473 Fulton Avenue, 2150 Crotona Parkway, 620 Manida Street, Bronxwood, Bronx on October 29, 2019.
Latest Stories:
• $45.75M notes sold on Harlem rentals Emerald Equity Group refinanced in 2017 December 27, 2022