Bayrock Capital

99 W Hawthorne Ave, STE 520, Valley Stream, NY 11580

People:

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Bayrock Capital portfolio

$175.6 million* – hotel 80%, office 6%; Queens 85%, Manhattan 10%

348th largest portfolio by dollar value

782,634 sqft – hotel 81%, walkup 7%;

421th largest by SF

21 properties – Queens 61%, Bronx 19%

437th largest

480 residential units – Queens 100%, Manhattan 0%

438th largest by residential units

2 foreclosures, 0 bankruptcies, 0 other court cases.

Company Activity past 24 months:

Buyer company: 6 for $207.8 million

Borrower company: 10 for $226.8 million

Top Ten Associated People:

Drew Kessler (3), Lawrence Andelsman (2), Joseph Moinian (2), Moshe “Marc” Glassman (1), Sam Chang (1), John Palladino (1), Ashish R. Parikh (1), Joseph Grunwald (1), John Giuffre (1), Bryan Dinkelacker (1)

Recent activity as company:

• Bayrock Capital borrowed $9.1 million from Popular Bank for 2101 Needham Avenue and N/A Boston Road, Edenwald, Bronx on January 30, 2025.

• Bayrock Capital borrowed $17.5 million from Levon Capital for 1114 1st Avenue, Lenox Hill, Manhattan on September 18, 2024.

• Himmel + Meringoff Properties sold 1114 1st Avenue, Lenox Hill, Manhattan for $19.9 million to Bayrock Capital on September 06, 2024.

• GFI Capital Resources Group sold 138-10 135th Avenue, South Ozone Park, Queens for $79.2 million to Bayrock Capital on March 12, 2024.

• Bayrock Capital borrowed $13 million from ConnectOne Bank for 38-07 Hunters Point Avenue and 38-05 Hunters Point Avenue, Sunnyside, Queens on December 22, 2023.

• Bayrock Capital borrowed $17.6 million from Levon Capital for 44-21 9th Street, Long Island City, Queens on October 31, 2023.

• Mandy Lema, Xiaodong Zhao and Joseph Huang sold 44-21 9th Street, Long Island City, Queens for $24 million to Bayrock Capital on October 31, 2023.

• Bayrock Capital borrowed $9.5 million from Amalgamated Bank for 243-02 Northern Boulevard, Little Neck, Queens on October 19, 2023.

• Bayrock Capital borrowed $55 million from Popular Bank for 37-02 10th Street, Long Island City, Queens on August 23, 2023.

• Bayrock Capital borrowed $6.2 million from M&T Bank for 23-34 30th Avenue, Astoria, Queens on August 18, 2023.

Latest Stories:

• Bayrock Capital signs $9.1M refi for dev site in Edenwald (January 31, 2025)

• Bayrock Capital pays $19.9M to Himmel + Meringoff for office in Lenox Hill (September 06, 2024)

• GFI Capital sells 335-key JFK hotel for $79.2M to Bayrock Capital (March 13, 2024)

• Bayrock Capital pays $24M for hotel in Long Island City (November 01, 2023)

• Bayrock Capital pays $5.5M for medical office in Astoria (August 21, 2023)

• Bayrock Capital pays $76.5M to McSam Hotel Group for hotel in Long Island City (May 26, 2023)

• Bayrock Capital signs $40M refi loan with Dime for two properties in North Corona (March 21, 2023)

• Bayrock Capital pays $50M to Moinian Group for hotel, dev site near Citi Field (January 23, 2023)

• Bayrock Capital pays $11M to Hersha Hospitality Trust for hotel ground lease in South Ozone Park (November 15, 2022)

• Moinian takes control of Holiday Inn-operated hotel near LaGuardia Airport (February 24, 2022)

Court Records:

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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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