Capstone Equities
People:
Capstone Equities portfolio
$157.8 million* – hotel 73%, office 26%; Manhattan 73%, Brooklyn 26%
379th largest portfolio by dollar value
792,058 sqft – hotel 51%, office 48%;
415th largest by SF
6 properties – Manhattan 83%, Brooklyn 16%
1285th largest
0 foreclosures, 0 bankruptcies, 2 other court cases.
Company Activity past 24 months:
Buyer company: 4 for $215 million
Borrower company: 3 for $105.7 million
Lender company: 1 for $0
Top Ten Associated Companies:
Nightingale Properties (3), Mitchell Holdings (2), Aareal Capital (1), Meadow Partners (1), Yellowstone Real Estate Investments (1), Maxim Capital Group (1), Argentic Investment Management (1), Brookfield Properties (1), One William Street Capital Management (1)
Top Ten Associated People:
Elchonon Schwartz (1), David J. Mitchell (1), Eric Chan (1), Justin Adelipour (1), Lisa Strauss (1), Amy Lancaster (1), Kurt Locher (1)
Recent activity as company:
• Capstone Equities and Leyad borrowed $40 million from One William Street Capital Management for 653 11th Avenue, Hell’s Kitchen, Manhattan on December 20, 2024.
• Brookfield Properties sold 653 11th Avenue, Hell’s Kitchen, Manhattan for $57.8 million to Capstone Equities and Leyad on December 20, 2024.
• Nightingale Properties sold 14 53rd Street, Sunset Park, Brooklyn for $41.2 million to Capstone Equities on September 12, 2023.
• Capstone Equities borrowed $49.5 million from Argentic Investment Management for 14 53rd Street, Sunset Park, Brooklyn on September 07, 2023.
• Nightingale Properties sold 14 53rd Street, Sunset Park, Brooklyn for $75 million to Capstone Equities on September 07, 2023.
• Capstone Equities and Republic Investment Company borrowed $16.2 million from Maxim Capital Group for 118 East 40th Street, Grand Central, Manhattan on July 21, 2023.
• Mitchell Holdings sold 19 West 31st Street, Penn Station, Manhattan for $41 million to Capstone Equities on June 21, 2023.
• Nightingale Properties borrowed $0 from Capstone Equities for 14 53rd Street, Sunset Park, Brooklyn on May 26, 2023.
• Mitchell Holdings borrowed $0 from Capstone Equities for 19 West 31st Street, Penn Station, Manhattan on January 09, 2023.
• Capstone Equities borrowed $0 from Yellowstone Real Estate Investments for 541 Lexington Avenue, Midtown East, Manhattan on April 05, 2022.
Latest Stories:
• Yellowstone signs $90M loan with Fortress for hotel in Midtown East (December 06, 2024)
• October auction set for 697-unit Maxwell hotel with $218M judgment (September 27, 2024)
• Capstone sues Nightingale CEO over $90M in alleged guarantys at Whale Building (July 13, 2023)
• Capstone Equities buys $88.9M note on Nightingale’s Whale in Sunset Park (May 30, 2023)
• Nightingale sues Capstone over Sunset Park note sale, seeks $20M (January 18, 2023)
Court Records:
Properties: