Rubin Margules
Owner
Rubin Margules portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$31.4 million – elevator 100%; Brooklyn 84%, Manhattan 15%
1272th largest portfolio by dollar value
425,232 sqft – elevator 100%;
689th largest by SF
6 properties – Brooklyn 83%, Manhattan 16%
151th largest
459 residential units – Brooklyn 85%, Manhattan 14%
398th largest by residential units
Person Activity past 24 months:
Buyer signatory: 0 for $0
Seller signatory: 0 for $0
Borrower signatory: 3 for $22.1 million
Lender signatory: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
JPMorgan Chase (3), Ridgewood Savings Bank (1), Warren Cohen (1), Webster Bank (1), Greystone & Co. (1), Flagstar Bank (1), Goddard Riverside Community Center (1)
Top Ten Associated People:
Bryan E. Lutz (1), Jennifer Smith (1), Warren Cohen (1), N. Tyler Darby (1), Alan L. Kaufman (1), Roderick Jones (1)
Recent activity as signatory:
• Rubin Margules borrowed $8.9 million from Ridgewood Savings Bank for 910 Riverside Drive, Washington Heights, Manhattan on September 11, 2024.
• Rubin Margules borrowed $7.1 million from Flagstar Bank for 3319 Kings Highway, Flatlands, Brooklyn on August 16, 2023.
• Rubin Margules borrowed $6.1 million from Greystone & Co. for 20 Ocean Court, Gravesend, Brooklyn on August 02, 2023.
• Rubin Margules borrowed $9.1 million from Webster Bank for 1815 East 17th Street, Sheepshead Bay, Brooklyn on December 05, 2022.
• Warren Cohen sold 1815 East 17th Street, Sheepshead Bay, Brooklyn for $15 million to Rubin Margules on December 05, 2022.
• ARM Realty borrowed $8.7 million from JPMorgan Chase for 3619 Bedford Avenue, Midwood, Brooklyn on June 27, 2022.
• Margules Family Partnership sold 233-235 West 107th Street, the Upper West Side, Manhattan for $12.6 million to Goddard Riverside Community Center on June 29, 2021.
• Rubin Margules borrowed $7.5 million from JPMorgan Chase for 430 East 8th Street, Kensington-Ocean Parkway, Brooklyn on October 29, 2020.
• Rubin Margules borrowed $7.5 million from JPMorgan Chase for 499 East 8th Street, Kensington-Ocean Parkway, Brooklyn on October 28, 2020.
Latest Stories:
• Rockabill Development signs $33.1M rehab loan with Chase for UWS hotel March 21, 2023
• Rubin Margules affiliate pays $15M for 84-unit rental in Sheepshead Bay December 06, 2022
• 910 Riverside LLC obtained financing of $10M from New York Community Bank August 20, 2019