Joel Mandel

Forest Hills Property Group

Owner

71-25 Austin Street Forest Hills, NY 11375

Forest Hills Property Group portfolio

$13.3 million* – mixed-use 76%, walkup 23%; Queens 42%, Brooklyn 33%

2266th largest portfolio by dollar value

52,320 sqft – mixed-use 81%, walkup 18%;

2800th largest by SF

4 properties – Brooklyn 50%, Manhattan 25%

1904th largest

30 residential units – Manhattan 60%, Brooklyn 40%

2741th largest by residential units

Top Ten Associated Companies:

James A. Rubin (1), Signature Bank (1)

Top Ten Associated People:

James A. Rubin (1), Gregory Fantauzzi (1)

Recent activity as company:

Forest Hills Property Group borrowed $7 million from Signature Bank for 70-20 Austin Street, Forest Hills, Queens on November 10, 2022.

James A. Rubin sold 70-20 Austin Street, Forest Hills, Queens for $12 million to Forest Hills Property Group on November 10, 2022.

Joel Mandel filed plans for new building for 8,436 sqft in Bedford Park, Bronx, on September 18, 2020.

*The Portfolio Value is the city’s Market Value, which is typically 50% or less of actual market value.

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