Forkosh Development Group
People:
Forkosh Development Group portfolio
$80 million* – hotel 62%, walkup 22%; Manhattan 85%, Brooklyn 14%
675th largest portfolio by dollar value
434,549 sqft – hotel 66%, D3 13%;
689th largest by SF
10 properties – Manhattan 70%, Brooklyn 30%
832th largest
297 residential units – Manhattan 93%, Brooklyn 6%
653th largest by residential units
Company Activity past 24 months:
Buyer company: 3 for $12 million
Borrower company: 3 for $135.4 million
Top Ten Associated Companies:
Webster Bank (3), Christine Ausnit Hood (3), Byron Hood (3), Madison Realty Capital (1), Carter Management (1), PCCP (1), Sovcombank (1), Jeffrey Wolf (1), Bethpage Federal Credit Union (1)
Top Ten Associated People:
Byron Hood (3), Anthony Viskovich (2), Brian Shatz (1), Jason Carter (1), William R. Lindsat (1), Jeffrey Wolf (1), Brandon Wolfe (1), Robert Fish (1)
Recent activity as company:
• Forkosh Development Group borrowed $5.4 million from Webster Bank for 5923 Strickland Avenue and 5923 Strickland Avenue, Mill Basin, Brooklyn on October 03, 2024.
• Christine Ausnit Hood and Byron Hood sold 122 East 61st Street, Lenox Hill, Manhattan for $3.2 million to Forkosh Development Group on May 12, 2023.
• Christine Ausnit Hood and Byron Hood sold 130 East 61st Street, Lenox Hill, Manhattan for $5.7 million to Forkosh Development Group on May 12, 2023.
• Christine Ausnit Hood and Byron Hood sold 124 East 61st Street, Lenox Hill, Manhattan for $3 million to Forkosh Development Group on May 11, 2023.
• Forkosh Development Group borrowed $65 million from Webster Bank for 400 Broome Street, Nolita, Manhattan on May 11, 2023.
• Forkosh Development Group borrowed $65 million from Webster Bank for 125 3rd Avenue, Gramercy, Manhattan on March 27, 2023.
• Forkosh Development Group borrowed $55 million from PCCP for 305 East 61st Street, Lenox Hill, Manhattan on July 08, 2022.
• Forkosh Development Group borrowed $6 million from Bethpage Federal Credit Union for 757 Clinton Street, Red Hook, Brooklyn on February 08, 2022.
• Forkosh Development Group borrowed $26.5 million from Madison Realty Capital for 305 East 61st Street, Lenox Hill, Manhattan on January 26, 2022.
• Carter Management sold 305 East 61st Street, Lenox Hill, Manhattan for $35 million to Forkosh Development Group on January 19, 2022.
Latest Stories:
• Forkosh pays $12M for three walkups on 61st Street in Lenox Hill (May 15, 2023)
• Forkosh Development signs $65M refi with Webster Bank for dorm, rental in Nolita (May 12, 2023)
• Forkosh Development signs $55M rehab construction loan with PCCP for in Lenox Hill (July 11, 2022)
• Alex Forkosh pays $35M to Carter Management for 14-unit building in Lenox Hill (January 20, 2022)
• Carter Management pays $11M to Forkosh Development for garage in Kips Bay (January 10, 2022)
• Forkosh signs $56.5M refi with Sovcombank for condo in Kips Bay (June 04, 2021)
• Carter Management ups debt to $33M with Raith Capital for property in Lenox Hill (April 15, 2021)
Properties: