Jack Guttman

Pearl Realty Management

(Pearl Realty NY, Pearl Realty)

Owner

240 Water St Brooklyn, NY 11201

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Pearl Realty Management|Jack Guttman portfolio

$180.2 million* – industrial 47%, office 31%; Brooklyn 73%, Queens 14%

338th largest portfolio by dollar value

1,296,125 sqft – industrial 60%, office 22%;

267th largest by SF

65 properties – Brooklyn 50%, Bronx 38%

145th largest

8 residential units – Brooklyn 100%, Manhattan 0%

4290th largest by residential units

Person Activity past 24 months:

Buyer signatory: 1 for $29.5 million

Seller signatory: 3 for $175.9 million

Developer (new building or major alteration): 30.0 for 62,174 square feet

Top Ten Associated Companies:

TF Cornerstone (2), Michael Allocco (1), Halcyon Management (1), Madison Capital (1), Richard Fischler (1), Michael O’ Brien (1), Todd W. Hooper (1), Arthur Citarrella (1), Samson Management (1)

Top Ten Associated People:

Jeremy Shell (2), Michael Allocco (1), Lipa Friedman (1), J. Joseph Jacobson (1), Richard Fischler (1), Michael O’ Brien (1), John C. Slattery (1), Todd W. Hooper (1), Arthur Citarrella (1), Brian McCarthy (1)

Recent activity as company:

Samson Management sold 92 Third Street, Gowanus, Brooklyn for $29.5 million to Pearl Realty Management on October 08, 2024.

Pearl Realty Management sold 24 Oak Street, None, Brooklyn for $30 million to TF Cornerstone on August 08, 2024.

Pearl Realty Management sold 43 West Street, Greenpoint, Brooklyn for $144.1 million to TF Cornerstone on August 08, 2024.

Jack Guttman sold N/A West Street, Greenpoint, Brooklyn for $1.8 million to Halcyon Management on June 27, 2023.

Michael Allocco sold 591 Meserole Street and 581 Meserole Street, East Williamsburg, Brooklyn for $6.4 million to Pearl Realty Management on January 25, 2022.

Arthur Citarrella sold 53-33 97th Place, Corona, Queens for $7.9 million to Jack Guttman on December 14, 2021.

Todd W. Hooper sold 1180 Randall Avenue, 1194 Randall Avenue, and 531 Tiffany Street, Hunts Point, Bronx for $15.9 million to Jack Guttman on November 05, 2021.

• Michael O’ Brien sold 524 Bryant Avenue, Hunts Point, Bronx for $3.2 million to Jack Guttman on October 18, 2021.

Richard Fischler sold 410 Longfellow Avenue, Hunts Point, Bronx for $2.5 million to Jack Guttman on September 28, 2021.

Jack Guttman sold 688 Court Street and 702 Court Street, Red Hook, Brooklyn for $45 million to Madison Capital on June 08, 2021.

Latest Stories:

• Jack Guttman’s Pearl Realty pays $29.5M to Samson Mgmt for office in Gowanus, was $75M in 2015 (October 09, 2024)

• TF Cornerstone pays $174.1M to Pearl Realty Management for 2 dev sites in Greenpoint (August 09, 2024)

• Madison Capital clearing Red Hook dev site acquired for $45M last year (September 26, 2022)

• Jack Guttman of Pearl Realty pays $6.4M for dev site in East Williamsburg (January 26, 2022)

• Jack Guttman pays $7.9M to Arthur Citarrella for industrial in Corona (December 15, 2021)

• Jack Guttman pays $15.9M for three properties in Hunts Point (November 08, 2021)

• Jack Guttman pays $3.2M for industrial in Hunts Point (October 19, 2021)

• Madison Capital pays $45M to Jack Guttman for two industrial buildings in Red Hook (June 09, 2021)

• Lipa Friedman’s M&H Realty signs easement with NYS for Greenpoint parcels (October 16, 2019)

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

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