Pearl Realty Management

(Pearl Realty NY, Pearl Realty)

240 Water St Brooklyn, NY 11201

pearlrealtyny.com

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Pearl Realty Management portfolio

$180.2 million* – industrial 47%, office 31%; Brooklyn 73%, Queens 14%

338th largest portfolio by dollar value

1,296,125 sqft – industrial 60%, office 22%;

267th largest by SF

65 properties – Brooklyn 50%, Bronx 38%

145th largest

8 residential units – Brooklyn 100%, Manhattan 0%

4290th largest by residential units

Company Activity past 24 months:

Buyer company: 3 for $61 million

Seller company: 5 for $238.6 million

Top Ten Associated Companies:

TF Cornerstone (2), Jay Group (2), Michael Allocco (1), Simon Cohen (1), Lucky’s Real Tomatoes (1), Vanbarton Group (1), Samson Management (1), Himmel + Meringoff Properties (1)

Top Ten Associated People:

Jeremy Shell (2), Jacob Kohn (2), Michael Allocco (1), Simon Cohen (1), Linda Marcelli (1), Damiano Buffa (1), Brian McCarthy (1), Leslie W. Himmel (1)

Recent activity as company:

• Himmel + Meringoff Properties sold 21-07 41st Avenue, Long Island City, Queens for $20.5 million to Pearl Realty Management on January 31, 2025.

• Samson Management sold 92 Third Street, Gowanus, Brooklyn for $29.5 million to Pearl Realty Management on October 08, 2024.

• Vanbarton Group sold 47-16 Austell Place, Long Island City, Queens for $11 million to Pearl Realty Management on October 02, 2024.

• Pearl Realty Management sold 165 Willoughby Street and 275 Flatbush Avenue Ext, Downtown Brooklyn, Brooklyn for $12.5 million to Jay Group on August 30, 2024.

• Pearl Realty Management sold N/A Fleet Place, 102 Fleet Place, N/A Fleet Place, and N/A Fleet Place, Downtown Brooklyn, Brooklyn for $50 million to Jay Group on August 30, 2024.

• Pearl Realty Management sold 24 Oak Street, None, Brooklyn for $30 million to TF Cornerstone on August 08, 2024.

• Pearl Realty Management sold 43 West Street, Greenpoint, Brooklyn for $144.1 million to TF Cornerstone on August 08, 2024.

• Pearl Realty Management sold 187 Varet Street and N/A Varet Street, East Williamsburg, Brooklyn for $2 million to Simon Cohen on July 26, 2024.

• Michael Allocco sold 591 Meserole Street and 581 Meserole Street, East Williamsburg, Brooklyn for $6.4 million to Pearl Realty Management on January 25, 2022.

• Lucky’s Real Tomatoes sold 29 Meserole Avenue, Greenpoint, Brooklyn for $8 million to Pearl Realty Management on August 03, 2021.