Tessler Developments

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Tessler Developments portfolio

$23.5 million – office 61.0%, condo 38.0%; Brooklyn 61.0%, Manhattan 38.0%

1560th largest portfolio by dollar value

96,341 sqft – office 84.0%, condo 15.0%;

1960th largest by SF

6 properties – Manhattan 66%, Brooklyn 33%

152th largest

15 foreclosures, 1 bankruptcy, 14 other court cases.

Top Ten Associated Companies:

G4 Capital Partners (1), Signature Bank (1), Educational Housing Services Inc. (1), LIVWRK (1)

Top Ten Associated People:

Michael Riegler (1)

Recent activity as signatory:

• Tessler Developments borrowed $15.5 million from Signature Bank for 260 Park Avenue South, 260 Park Avenue South, 260 Park Avenue South, and 260 Park Avenue South, Flatiron District, Manhattan on January 23, 2023.

• Tessler Developments borrowed $84.2 million from G4 Capital Partners for 206 Kent Avenue, Williamsburg, Brooklyn on February 26, 2020.

• LIVWRK sold 206 Kent Avenue, Williamsburg, Brooklyn for $77.3 million to Tessler Developments on February 18, 2020.

• Tessler Developments sold 55 John Street, Financial District, Manhattan for $101 million to Educational Housing Services Inc. on September 12, 2019.