David Kramer

Hudson Companies

Developer, Owner

Hudson Companies portfolio

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

$485.2 million – elevator 44.0%, condo 33.0%; Brooklyn 77.0%, Manhattan 21.0%

122th largest portfolio by dollar value

3,453,448 sqft – elevator 50.0%, walkup 19.0%;

80th largest by SF

186 properties – Brooklyn 74%, Manhattan 24%

30th largest

3,405 residential units – Brooklyn 78.0%, Manhattan 14.0%

47th largest by residential units

0 foreclosures, 0 bankruptcies, 1 other court case.

Person Activity past 24 months:

Buyer signatory: 1 for $31.2 million

Seller signatory: 0 for $0

Borrower signatory: 6 for $531.7 million

Lender signatory: 0 for $0

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

Top Ten Associated Companies:

Joel Schwartz (4), MUFG Union Bank (2), Voya Investment Management (1), Santander Bank (1), Webster Bank (1), Cornell University (1), Emerald Creek Capital (1), NYC Housing Development Corporation (1), MLN Partners (1), Ladder Capital (1)

Top Ten Associated People:

Joel Schwartz (4), John Gunther-Mohr (1), K. James Dittbrenner (1), Christopher J. Cowen (1), Mark Penna (1), Lauren Connors (1)

Recent activity as signatory:

• Hudson Companiesand St. Nicks Alliance borrowed $194.6 million from NYC Housing Development Corporation for 89 Maspeth Avenue, East Williamsburg, Brooklyn on July 09, 2024.

• Hudson Companies borrowed $21.8 million from Emerald Creek Capital for 425 Main Street, 425 Main Street, 455 Main Street, 455 Main Street, 425 Main Street, and others, Roosevelt Island, Manhattan on May 28, 2024.

• Hudson Companies borrowed $97.5 million from Cornell University for 1 East Loop Road and 1 East Loop Road, Roosevelt Island, Manhattan on April 30, 2024.

• Hudson Companies borrowed $104.5 million from Webster Bank for 364 West 54th Street, 806 Ninth Avenue, and 362 West 54th Street, Hell’s Kitchen, Manhattan on April 05, 2024.

• Hudson Companies borrowed $85 million from Santander Bank for 975 Nostrand Avenue, Crown Heights, Brooklyn on March 27, 2024.

• Hudson Companies borrowed $28.2 million from Voya Investment Management for 94 North 3rd Street, 94 North 3rd Street, 94 North 3rd Street, 94 North 3rd Street, and 94 North 3rd Street, Williamsburg, Brooklyn on December 04, 2023.

• Joel Schwartz sold 1884 Broadway, Bedford Stuyvesant, Brooklyn for $31.2 million to David Kramer on August 02, 2023.

• Joel Schwartz sold 1-7 Withers Street, Williamsburg, Brooklyn for $12.2 million to David Kramer on January 06, 2023.

• Joel Schwartz sold 494 Manhattan Avenue, Greenpoint, Brooklyn for $24.4 million to David Kramer on January 05, 2023.

• Joel Schwartz sold 438 Union Avenue, Williamsburg, Brooklyn for $5.4 million to David Kramer on January 05, 2023.