Raymour & Flanigan

Raymour & Flanigan portfolio

$62 million* – retail 100%; Brooklyn 41%, Staten Island 35%

823th largest portfolio by dollar value

221,890 sqft – retail 100%;

1102th largest by SF

6 properties – Brooklyn 50%, Queens 33%

1300th largest

Company Activity past 24 months:

Buyer company: 1 for $42 million

Top Ten Associated Companies:

Philips International (2), City National Bank (2), Peapack-Gladstone Bank (1), Infinity Collective (1), JPMorgan Chase (1), KeyBank (1), Seaman family (1)

Top Ten Associated People:

Marc Friedman (1), Jay Yarnell (1)

Recent activity as company:

• Infinity Collective sold 2505 Richmond Avenue, New Springville, Staten Island for $42 million to Raymour & Flanigan on March 20, 2023.

Raymour & Flanigan borrowed $8.8 million from Peapack-Gladstone Bank for 94-19 Rockaway Boulevard, Ozone Park, Queens on November 04, 2022.

Raymour & Flanigan borrowed $15 million from City National Bank for 1505 Hart Place and 1509 Hart Place, Gravesend, Brooklyn on May 27, 2021.

Raymour & Flanigan borrowed $11.9 million from KeyBank for 1509 Hart Place, Gravesend, Brooklyn on June 22, 2020.

Philips International sold 3035 Cropsey Avenue also known as 1505 Hart Place, Gravesend, Brooklyn for $18.3 million to Raymour & Flanigan on June 22, 2020.

Philips International sold 1505 Hart Place, Gravesend, Brooklyn for $2 million to Raymour & Flanigan on June 22, 2020.

Raymour & Flanigan borrowed $14.1 million from City National Bank for 86-08 Queens Boulevard, Elmhurst, Queens on March 18, 2020.

• Seaman family sold 86-08 Queens Boulevard, Elmhurst, Queens for $14 million to Raymour & Flanigan on December 06, 2019.

Raymour & Flanigan borrowed $26 million from JPMorgan Chase for 2570 Flatbush Avenue, Marine Park, Brooklyn on October 30, 2019.

Latest Stories:

• Raymour & Flanigan pays Infinity Collective, partners, $42M for retail in Staten Island, up from $31.5M in 2020 (March 20, 2023)

• Neil Rabe pays $6.8M to Polizzotto Family for retail building in Ozone Park (February 10, 2022)

• Raymour & Flanigan signs $15M refi with City National for two retail buildings in Gravesend (May 28, 2021)

• Infinity pays $32M to Madison International for shopping center in Staten Island (September 10, 2020)

• Raymour & Flanigan pays $20M to Jenel, Philips International, Dushey, Gindi for retail in Gravesend (June 23, 2020)

• Raymour & Flanigan borrows $12M from Keybank National Association for property in Gravesend (June 23, 2020)

• Raymour & Flanigan borrows $14M from City National Bank for retail property in Elmhurst (March 19, 2020)

• Raymour & Flanigan Real Estate pays $14M to Seaman family for retail property in Elmhurst (December 09, 2019)

• Raymour & Flanigan borrows $26M from JPMorgan Chase Bank for new store property in Marine Park (October 31, 2019)

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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