Park-It Management

Park-It Management portfolio

$110.4 million* – industrial 68.0%, specialty 21.0%; Manhattan 94.0%, Bronx 4.0%

518th largest portfolio by dollar value

484,762 sqft – industrial 77.0%, specialty 18.0%;

624th largest by SF

14 properties – Manhattan 78%, Bronx 14%

620th largest

25 residential units – Brooklyn 68.0%, Manhattan 32.0%

2927th largest by residential units

Company Activity past 24 months:

Buyer company: 3 for $19.4 million

Borrower company: 6 for $89.9 million

Top Ten Associated People:

John Feijoo (2), Paul Verdi (1), Jonathan Cohen (1), Irina Galleva (1), Brian Ritter (1), Peter Burack (1), Robert Gambitsky (1), Hugh Heller (1), Cynthia Wang (1), Jason P. Hart (1)

Recent activity as company:

Park-It Management borrowed $8 million from Apple Bank for Savings for 119 East 28th Street, NoMad, Manhattan on June 18, 2024.

Hugh Heller sold 148 West 20th Street, Chelsea, Manhattan for $4.8 million to Park-It Management and Gary Spindler on November 09, 2023.

Park-It Management borrowed $5.9 million from Flagstar Bank for 221-229 Thompson Street, Greenwich Village, Manhattan on October 05, 2023.

Park-It Management borrowed $5.4 million from Flagstar Bank for 403-407 Lafayette Street, NoHo, Manhattan on October 05, 2023.

Park-It Management borrowed $5.1 million from TriState Capital Bank for 2621 Aqueduct Avenue West, Fordham Manor, Bronx on June 26, 2023.

Peter Burack sold 2621 Aqueduct Avenue West, Fordham Manor, Bronx for $7.2 million to Park-It Management on June 20, 2023.

Park-It Management borrowed $19 million from TriState Capital Bank for 4320 Broadway, Washington Heights, Manhattan on May 18, 2023.

Churchill Real Estate Holdings and Sentinel Real Estate sold 8 Centre Market Place, Little Italy, Manhattan for $7.4 million to Park-It Management on April 28, 2023.

Park-It Management borrowed $46.5 million from First Republic Bank for 160 West 124th Street, Harlem, Manhattan on April 10, 2023.

Park-It Management and Gary Spindler borrowed $32.5 million from First Republic Bank for 622 West 51st Street, Hell’s Kitchen, Manhattan on August 22, 2022.

Latest Stories:

• Gary Spindler of Park-It pays $4.8M for parking in Chelsea (November 10, 2023)

• Park-It Management pays $7.2M for industrial in Fordham Manor (June 21, 2023)

• Park-It Management signs $19M refi for garage in Washington Heights (May 19, 2023)

• Gary Spindler pays $7.4M for Little Italy walkup, owns adjacent parking lot (May 01, 2023)

• Park-It Management signs $46.5M refi with First Republic in Harlem (April 12, 2023)

• Park-It Management’s Gary Spindler ups debt by $27.5M to $32.5M for industrial in Hell’s Kitchen (August 23, 2022)

• Park-It Management pays $9.3M to Jeffrey Farber for UWS garage (September 23, 2021)

• Park-It Management signs $41.1M construction loan for medical conversion in Central Harlem (May 27, 2021)

• Michael Rudder, Park-It pay $9.5M to Carlyle Group for commercial condo in Midtown East (November 18, 2020)

• Park-It Management refis $5M from New York Community for ground-leased fee in Clinton (August 18, 2020)

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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