David Goldban

Pembroke

(Pembroke Companies)

Owner

Starrett Corporation

Starrett Companies

Pembroke portfolio

$254,000* – industrial 100%; Bronx 100%, Manhattan 0%

7026th largest portfolio by dollar value

154 residential units – Bronx 100%, Manhattan 0%

1066th largest by residential units

Person Activity past 24 months:

Seller signatory: 4 for $47.6 million

Top Ten Associated Companies:

Extell Development (2), Yechiel Newhouse (1), Signature Bank (1), Gilbane Development (1), Capital One (1), Lipa Zicherman (1), Sol Feder (1), Gary Segal (1), Settlement Housing Fund (1), Chaochun Chen (1)

Top Ten Associated People:

Marc Kwestel (2), Matthew P. Lawrence (1), Lipa L. Zicherman (1), Jacqueline Tom (1), Chaochun Chen (1)

Recent activity as company:

Chaochun Chen borrowed $5.1 million from Golden Bank for 169 West 95th Street, Upper West Side, Manhattan on October 09, 2024.

Pembroke sold 169 West 95th Street, Upper West Side, Manhattan for $7.8 million to Chaochun Chen on October 09, 2024.

Asland Capital Partners and Pembroke sold 1931 Lafayette Avenue, Unionport, Bronx for $11.7 million to Gilbane Development on May 20, 2024.

Starrett Companies sold N/A Bay View Avenue, Coney Island, Brooklyn for $22.6 million to Lipa Zicherman, Sol Feder and Gary Segal on May 11, 2023.

Starrett Companies sold N/A West 28th Street, Coney Island, Brooklyn for $5.5 million to Settlement Housing Fund on May 11, 2023.

Extell Development borrowed $29 million from Starrett Companies for 259 Clinton Street, Lower East Side, Manhattan on January 03, 2023.

Starrett Companies sold 259 Clinton Street, Lower East Side, Manhattan for $40 million to Extell Development on January 03, 2023.

Starrett Companies borrowed $5.8 million from Signature Bank for 2428 Neptune Avenue, N/A West 28th Street, N/A Bay View Avenue, and N/A Neptune Avenue, Coney Island, Brooklyn on January 07, 2022.

NYC Housing Partnership sold 1965 Lafayette Avenue, Unionport, Bronx for $43 million to Yechiel Newhouse on December 03, 2021.

• Starrett Development borrowed $30.5 million from Capital One for 1965 Lafayette Avenuenot availablenot available, Bronx, Bronx on December 21, 2020.

Latest Stories:

• Chaochun Chen pays $7.8M to Pembroke for UWS retail (October 10, 2024)

• Settlement Housing Fund files plans for 172-unit building in Coney Island (August 16, 2024)

• Moshe Braver signs $17M loan with Hakimian Partners for dev site in Coney Island (July 10, 2024)

• Gilbane Development pays $11.7M to Asland Capital, Pembroke for parcel in Unionport (May 21, 2024)

• Coney Island dev site flips for $46M, up from $44.6M five months ago (September 22, 2023)

• Settlement Housing Fund pays $5.5M to Starrett Companies for dev site in Coney Island (May 12, 2023)

• Lipa L. Zicherman entity pays $22.6M to Starrett Companies for 400K sf dev site in Coney Island (May 12, 2023)

• Extell Development pays $40M to Starrett for Two Bridges dev site, additional earnout expected (January 04, 2023)

• Asland Capital, Pembroke sign $77.3M construction loan with state, city in Unionport (May 25, 2022)

• Yechiel Newhouse pays $43M to NYC Housing Partnership for rental in Unionport (December 06, 2021)

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

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