Red Apple Group

People:

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Red Apple Group portfolio

$327.5 million* – condo 91%, retail 4%; Brooklyn 86%, Manhattan 13%

191th largest portfolio by dollar value

1,299,780 sqft – condo 92%, N2 4%;

264th largest by SF

24 properties – Brooklyn 66%, Manhattan 33%

396th largest

1,093 residential units – Brooklyn 100%, Manhattan 0%

224th largest by residential units

0 foreclosures, 0 bankruptcies, 1 other court case.

Company Activity past 24 months:

Buyer company: 1 for $22.5 million

Borrower company: 2 for $65 million

Top Ten Associated Companies:

Bank of America (3), M&T Bank (3), HSBC Bank (1), Mordechai Fleischer (1), Popular Bank (1), JPMorgan Chase (1), Wells Fargo (1), Bank Leumi (1), Congregation of Divine Providence (1)

Top Ten Associated People:

Leeanne Martz (2), John A. Rojas (1), Mordechai Fleischer (1), Joseph Farrauto (1), David Arza (1), Christopher Zimmermann (1), Barbara Rohe (1)

Recent activity as company:

• Congregation of Divine Providence sold 253 West 24th Street, Chelsea, Manhattan for $22.5 million to Red Apple Group on November 27, 2024.

• Red Apple Group borrowed $57 million from JPMorgan Chase for 280 8th Avenue, Chelsea, Manhattan on August 02, 2024.

• Red Apple Group borrowed $8 million from Wells Fargo for 3616 Surf Avenue and 3602 Surf Avenue, Coney Island, Brooklyn on October 17, 2023.

• Red Apple Group borrowed $8.2 million from M&T Bank for 225 8th Avenue, Chelsea, Manhattan on October 11, 2022.

• Red Apple Group borrowed $5.7 million from M&T Bank for 215 9th Avenue and 405 West 23rd Street, Chelsea, Manhattan on October 07, 2022.

• Mordechai Fleischer sold N/A Boardwalk and N/A Surf Avenue, Coney Island, Brooklyn for $2.5 million to Red Apple Group on August 02, 2022.

• Red Apple Group borrowed $23.2 million from Bank of America for 1 Ocean Drive, 1 Ocean Drive, and 1 Ocean Drive, Coney Island, Brooklyn on July 26, 2022.

• Red Apple Group borrowed $5.5 million from HSBC Bank for 1512 1st Avenue, Lenox Hill, Manhattan on July 19, 2022.

• Red Apple Group for Maria Rosenfeld filed plans for new building for 75,993 sqft in Chelsea, Manhattan, on May 25, 2022.

• Red Apple Group borrowed $5 million from Popular Bank for 3531-3539 Broadway, Harlem, Manhattan on December 29, 2021.

Court Records:

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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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