Daniel Benedict

Benedict Realty Group

Owner

711 Stewart Ave # 100 Garden City, NY 11530

Benedict Realty Group portfolio

$198.4 million* – elevator 75%, walkup 24%; Queens 74%, Brooklyn 15%

307th largest portfolio by dollar value

2,236,338 sqft – elevator 79%, walkup 20%;

145th largest by SF

46 properties – Queens 69%, Brooklyn 17%

210th largest

2,560 residential units – Queens 78%, Brooklyn 13%

80th largest by residential units

Person Activity past 24 months:

Buyer signatory: 3 for $46.5 million

Borrower signatory: 4 for $40.8 million

Top Ten Associated Companies:

New York Community Bank (10), Algin Management (3), CBRE (3), Santander Bank (2), JPMorgan Chase (1), Signature Bank (1), Maria Baciu (1), Capital One (1)

Top Ten Associated People:

John Feijoo (5), Liane Ginsberg (3), Laurence Ginsberg (3), Hilary Feshbach (3), Kindell Meyer (3), William G. Krejci (2), Ursula Flores (1), Alan Kaufman (1), Maria Baciu (1)

Recent activity as company:

• Benedict Realty Group borrowed $10.1 million from CBRE for 34-44 77th Street, Jackson Heights, Queens on November 13, 2024.

• Algin Management sold 34-44 77th Street, Jackson Heights, Queens for $13.5 million to Benedict Realty Group on November 13, 2024.

• Benedict Realty Group borrowed $5.9 million from JPMorgan Chase for 4568 Manhattan College Py, Kingsbridge, Bronx on November 08, 2024.

• Benedict Realty Group borrowed $13.5 million from CBRE for 40-40 79th Street, Elmhurst, Queens on November 01, 2024.

• Algin Management sold 40-40 79th Street, Elmhurst, Queens for $18 million to Benedict Realty Group on November 01, 2024.

• Benedict Realty Group borrowed $11.2 million from CBRE for 56-11 56th Avenue, Elmhurst, Queens on November 01, 2024.

• Algin Management sold 56-11 94th Street, Elmhurst, Queens for $15 million to Benedict Realty Group on November 01, 2024.

• Benedict Realty Group borrowed $9.5 million from Santander Bank for 74-15 35th Avenue, Jackson Heights, Queens on September 07, 2022.

• BRG Management borrowed $5.5 million from Santander Bank for 3025 Godwin Terrace, Kingsbridge, Bronx on July 12, 2022.

• BRG Management borrowed $10.4 million from New York Community Bank for 934/952 East 14th Street, Midwood, Brooklyn on April 05, 2022.

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

Leave a Reply