Lisa Ohebshalom

Gatsby Enterprises

(Gatsby Realty)

Owner

224 West 35th St, New York, NY 10001

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Gatsby Enterprises NYC portfolio

$455.1 million* – walkup 58.0%, elevator 35.0%; Manhattan 100.0%, Bronx 0.0%

362th largest portfolio by dollar value

709,475 sqft – elevator 46%, walkup 44%;

459th largest by SF

34 properties – Manhattan 100%, Bronx 0%

273th largest

1,025 residential units – Manhattan 100%, Bronx 0%

225th largest by residential units

3 foreclosures, 0 bankruptcies, 2 other court cases.

Person Activity past 24 months:

Seller signatory: 4 for $99.8 million

Borrower signatory: 2 for $29.3 million

Top Ten Associated People:

Shlomo Avdoo (2), Louis Ciniglio (2), John Feijoo (1), Jesse Hutcher (1), Chaim Hager (1), Michael Alvandi (1)

Recent activity as company:

Empire Management and Gatsby Enterprises sold 244 West 72nd Street, Lincoln Square, Manhattan for $40 million to City Urban Realty on March 06, 2025.

Gatsby Enterprises sold 1343 2nd Avenue, 1347 2nd Avenue, 1345 2nd Avenue, and 242 East 71st Street, Lenox Hill, Manhattan for $41.6 million to Avdoo & Partners Development on February 10, 2025.

Gatsby Enterprises sold 1341 2nd Avenue, Lenox Hill, Manhattan for $10.4 million to Avdoo & Partners Development on February 10, 2025.

Empire Management, Gatsby Enterprises and Keystone Management borrowed $15 million from Derby Copeland Capital for 244 West 72nd Street, Lincoln Square, Manhattan on August 05, 2024.

Gatsby Enterprises borrowed $14.3 million from Flagstar Bank for 234 West 13th Street, West Village, Manhattan on August 05, 2024.

Empire Management sold 444 West 48th Street, Hell’s Kitchen, Manhattan for $7.8 million to Chaim Hager on May 05, 2023.

Gatsby Enterprises borrowed $12.4 million from Dime Community Bank for 107 St Marks Place, East Village, Manhattan on August 30, 2022.

Gatsby Enterprises borrowed $11.6 million from Dime Community Bank for 159 1/2nd 7th Avenue South, Greenwich Village, Manhattan on August 29, 2022.

*The Portfolio Value is a PincusCo estimate based on a property’s recent sale or loan, or multiplying the city’s Market Value by two.

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