Camber Property Group

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Camber Property Group portfolio

$597.9 million* – elevator 78.0%, condo 10.0%; Bronx 66.0%, Brooklyn 25.0%

101th largest portfolio by dollar value

10,101,497 sqft – elevator 70.0%, condo 14.0%;

26th largest by SF

87 properties – Bronx 58%, Brooklyn 25%

104th largest

9,420 residential units – Bronx 70.0%, Brooklyn 25.0%

11th largest by residential units

Company Activity past 24 months:

Buyer company: 5 for $119.4 million

Borrower company: 12 for $1.9 billion

Top Ten Associated Companies:

Merchants Bank of Indiana (8), Coltown Properties (7), Omni New York (5), NYC Housing Development Corporation (5), Steven Vegh (3), Mordechai Kosolowitz (3), Walker & Dunlop (3), Citibank (3), Greystone & Co. (3), Merchants Capital (3)

Top Ten Associated People:

Steven Neuman (7), Eugene Schneur (5), Steven Vegh (3), Mordechai Kosolowitz (3), Ron Moelis (3), Michael Bellovin (2), Bianca Geary (2), Brian Raddock (1), Nancy E. Sexton (1), Richard Gerwitz (1)

Recent activity as company:

• Camber Property Group borrowed $605 million from NYC Housing Development Corporation for 735 Lincoln Avenue, 671 Lincoln Avenue, 735 Lincoln Avenue, 2695 Linden Boulevard, N/A Eldert Lane, and others, East New York, Brooklyn on January 29, 2025.

• DeMatteis Organization sold 735 Lincoln Avenue, 671 Lincoln Avenue, 735 Lincoln Avenue, 2695 Linden Boulevard, N/A Eldert Lane, and others, East New York, Brooklyn for $87.7 million to Camber Property Group on January 24, 2025.

• Camber Property Group for Rick Gropper filed plans for new building for 232,573 sqft in Soundview, Bronx, on January 14, 2025.

• Camber Property Group borrowed $19.6 million from Merchants Bank of Indiana for 1971 Grand Avenue and 1975 Grand Avenue, Morris Heights, Bronx on November 07, 2024.

• Camber Property Group borrowed $12.9 million from Merchants Bank of Indiana for 2071 Madison Avenue and 47 East 130th Street, East Harlem, Manhattan on November 07, 2024.

• Camber Property Group borrowed $63.5 million from Merchants Bank of Indiana for 2060 Pitkin Avenue, East New York, Brooklyn on November 07, 2024.

• Camber Property Group borrowed $96.3 million from Merchants Capital for 579 Blake Avenue, 592 Sutter Avenue, 330 Sheffield Avenue, and 350 Sheffield Avenue, East New York, Brooklyn on October 10, 2024.

• Camber Property Group and Harlem Congregations For Community Improvement borrowed $58.5 million from Merchants Bank of Indiana for 1131 Ogden Avenue, Highbridge, Bronx on October 10, 2024.

• Camber Property Group borrowed $58.4 million from Bank of New York Mellon for 1841 Seward Avenue, Soundview, Bronx on January 05, 2024.

• Camber Property Group borrowed $71.1 million from NYC Housing Development Corporation for 1601 Dekalb Avenue, Bushwick, Brooklyn on January 03, 2024.