Albert Srour

Owner

Albert Srour portfolio

$88.1 million* – office 34%, elevator 32%; Brooklyn 76%, Manhattan 23%

624th largest portfolio by dollar value

856,765 sqft – elevator 42%, office 24%;

387th largest by SF

16 properties – Brooklyn 87%, Manhattan 12%

551th largest

521 residential units – Brooklyn 100%, Manhattan 0%

409th largest by residential units

Person Activity past 24 months:

Buyer signatory: 1 for $13.5 million

Borrower signatory: 1 for $7.2 million

Developer (new building or major alteration): 8.0 for 577,354 square feet

Top Ten Associated Companies:

Signature Bank (6), New York Community Bank (4), Bronstein Properties (1), Esquire Bank (1), Investors Bank (1)

Top Ten Associated People:

Alan L. Kaufman (2), Kenneth A. Stagnari (1), John Feijoo (1), Barry Rudofsky (1), Steven Dorritie (1)

Recent activity as company:

Albert Srour borrowed $7.2 million from Esquire Bank for 252 74th Street, Bay Ridge, Brooklyn on August 21, 2023.

Bronstein Properties sold 252 74th Street, Bay Ridge, Brooklyn for $13.5 million to Albert Srour on August 21, 2023.

Albert Srour borrowed $26.4 million from New York Community Bank for 248 West 35th Street, Garment District, Manhattan on October 07, 2022.

Albert Srour borrowed $5 million from New York Community Bank for 2530 Ocean Avenue, Sheepshead Bay, Brooklyn on August 08, 2022.

Albert Srour borrowed $12 million from Signature Bank for 479 Flatbush Avenue, Prospect Lefferts Gardens, Brooklyn on June 09, 2022.

Albert Srour borrowed $18.6 million from New York Community Bank for 7 Marcus Garvey Blvd, Bedford-Stuyvesant, Brooklyn on March 22, 2022.

Albert Srour borrowed $6.7 million from Investors Bank for 436 New York Avenue, Crown Heights, Brooklyn on October 27, 2021.

Albert Srour borrowed $21 million from Signature Bank for 81 Willoughby Street, Brooklyn, Brooklyn on September 10, 2021.

Albert Srour borrowed $8.9 million from Signature Bank for 1014 Avenue J, Midwood, Brooklyn on September 07, 2021.

Albert Srour borrowed $9.4 million from Signature Bank for 558 Parkside Avenue and 566 Parkside Avenue, Flatbush, Brooklyn on September 02, 2021.

Latest Stories:

• Albert Srour pays $13.5M to Bronstein Properties for 66-unit rental in Bay Ridge (August 22, 2023)

• Albert Srour signs $26.4M refi for office building in Garment District (October 10, 2022)

• Albert Srour signs $18.6M refi loan with New York Community Bank for retail in Bed Stuy (March 23, 2022)

• Albert Srour signs $21M refi loan with Signature Bank for office building in Downtown Brooklyn (September 13, 2021)

• Albert Srour signs $9.4M refi with Signature Bank for two rentals in Flatbush (September 03, 2021)

• Albert Srour signs $7.2M refi with Signature for mixed-use in Washington Heights (August 30, 2021)

• Sterling National sells small loan secured by large Prospect Lefferts Garden retail (August 21, 2020)

• Albert Srour borrows $6.6M from New York Community for multifamily in Bay Ridge (August 07, 2020)

• 2530 Ocean Ave. Corp. obtained financing of $5M from New York Community Bank (July 31, 2019)

Properties:

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

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