Prime Group Holdings
People:
Prime Group Holdings portfolio
$157 million* – industrial 61%, mixed-use 19%; Manhattan 51%, Queens 28%
380th largest portfolio by dollar value
907,460 sqft – industrial 81%, office 9%;
371th largest by SF
15 properties – Bronx 40%, Manhattan 33%
582th largest
Company Activity past 24 months:
Buyer company: 2 for $72.3 million
Borrower company: 3 for $83 million
Top Ten Associated Companies:
Citibank (2), Downtown Capital Partners (1), Societe Generale (1), Cheskel Schwimmer (1), Tuck-it-Away (1), Slate Asset Management (1), Artemis Real Estate Partners (1)
Top Ten Associated People:
Gary M. Katz (1), Ana Rosu Marmann (1), Justin Cappuccino (1), Cheskel Schwimmer (1), Matthew Sprayregen (1), Michael Quinn (1), Jim Smith (1)
Recent activity as company:
• Artemis Real Estate Partners sold 521 West 25th Street and 511 West 25th Street, Chelsea, Manhattan for $49.5 million to Prime Group Holdings and Empire Capital Holdings on January 28, 2025.
• Prime Group Holdings borrowed $31.5 million from Societe Generale for 950 University Avenue, N/A University Avenue, 973 Summit Avenue, 971 Summit Avenue, and 969 Summit Avenue, Highbridge, Bronx on January 16, 2024.
• Prime Group Holdings borrowed $29.9 million from Citibank for 12 West 142nd Street, 2350 5th Avenue, and N/A West 142nd Street, Harlem, Manhattan on December 18, 2023.
• Prime Group Holdings borrowed $21.6 million from Citibank for 109-09 180th Street and N/A 180th Street, Jamaica, Queens on July 05, 2023.
• Downtown Capital Partners sold 12 West 142nd Street, 2350 5th Avenue, and N/A West 142nd Street, Harlem, Manhattan for $22.9 million to Prime Group Holdings on March 17, 2023.
• Prime Group Holdings borrowed $147 million from Slate Asset Management for 31-07 20th Avenue, 1260 Zerega Avenue, and 1084 Rockaway Avenue, Ditmars Steinway, Queens on August 26, 2022.
• Cheskel Schwimmer borrowed $163 million from Prime Group Holdings for 198 East 135th Street, Mott Haven, Bronx on March 23, 2021.
• Tuck-it-Away sold 973 Summit Avenue, 971 Summit Avenue, 969 Summit Avenue, Highbridge, Bronx for $2.5 million to Prime Group Holdings on September 08, 2020.
Latest Stories:
• Prime Group Holdings pays $49.5M to Artemis for commercial in Chelsea (January 29, 2025)
• Prime Group signs $31.5M refi for industrial properties in Highbridge (January 17, 2024)
• Prime Group Holdings signs $29.9M loan for three properties in Harlem (December 19, 2023)
• Prime Group Holdings pays $22.9M to Downtown Capital for industrial in Harlem (March 19, 2023)
• Prime Storage pays $26M to Tuck-It-Away for property in Highbridge (September 15, 2020)
• Cheskel Schwimmer receives TCO for 240-unit rental in Mott Haven (September 02, 2020)
Properties: