Wharton Properties

(Wharton Residential Properties, Wharton Residential, Wharton Realty)

500 5th Ave 54th floor, New York, NY 10110

jeffsutton.com

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Wharton Properties portfolio

$1.6 billion* – office 56%, retail 30%; Manhattan 87%, Brooklyn 8%

35th largest portfolio by dollar value

3,585,746 sqft – office 62%, retail 18%;

79th largest by SF

98 properties – Brooklyn 36%, Manhattan 34%

88th largest

214 residential units – Manhattan 63%, Brooklyn 36%

844th largest by residential units

5 foreclosures, 0 bankruptcies, 3 other court cases.

Company Activity past 24 months:

Buyer company: 6 for $92.3 million

Seller company: 16 for $1.9 billion

Borrower company: 9 for $87 million

Lender company: 1 for $0

Top Ten Associated Companies:

Prada (4), Valley National Bank (3), SL Green Realty (3), Webster Bank (2), Cerberus Capital Management (2), Wharton Properties (2), HSBC Bank (2), BLDG Management (2), Bank of China (1), Abraham Kendi (1)

Top Ten Associated People:

Maurizio Ciabatti (3), Lloyd Goldman (2), Bradley D. Berkley (1), Christopher Gregg (1), Oren Sapirstein (1), Roger Rofe (1), Oren Sapertein (1), Gabriel Safdie (1), Samuel Frankel (1), Maurizio Prainito (1)

Recent activity as company:

• Wharton Properties sold 690 Madison Avenue, Lenox Hill, Manhattan for $30.6 million to SL Green Realty on December 17, 2024.

• SL Green Realty sold 690 Madison Avenue, Lenox Hill, Manhattan for $34 million to Wharton Properties on December 11, 2024.

• Wharton Properties sold 1602 Kings Highway, Sheepshead Bay, Brooklyn for $12.8 million to Leonid Vayner on October 24, 2024.

• Ashkenazy Acquisition, 101 Holdings and Wharton Properties sold 21 East 62nd Street, Lenox Hill, Manhattan for $7.4 million to JSRE Acquisitions on October 23, 2024.

• Wharton Properties for Valon Gjonbalaj filed plans for new building for 3,610 sqft in Edenwald, Bronx, on October 08, 2024.

• Wharton Properties borrowed $20 million from U.S. Century Bank for 101 Wooster Street, SoHo, Manhattan on September 12, 2024.

• Jackson Mak sold 373 Broome Street, Little Italy, Manhattan for $12.8 million to Wharton Properties and Gorjian Real Estate Group on August 08, 2024.

• Wharton Properties borrowed $0 from SL Green Realty and Wharton Properties for 21 West 34th Street, Garment District, Manhattan on July 12, 2024.

• Wharton Properties for Valon Gjonbalaj filed plans for new building for 2,970 sqft in East Flatbush, Brooklyn, on July 10, 2024.

• Wharton Properties for Valon Gjonbalaj filed plans for new building for 2,970 sqft in Kingsbridge, Bronx, on June 26, 2024.