Bando Construction

(Bando Engineering & Construction)

$135.2 million* – condo 73%, elevator 26%; Manhattan 100%, Bronx 0%

961th largest portfolio by dollar value

143,365 sqft – elevator 78%, condo 21%;

1511th largest by SF

2 properties – Manhattan 100%, Bronx 0%

2990th largest

79 residential units – Manhattan 100%, Bronx 0%

1638th largest by residential units

Buyer company: 1 for $99.2 million

Borrower company: 2 for $80 million

• Bando Construction borrowed $60 million from Hana Bank for 2 Times Square, Times Square, Manhattan on July 18, 2024.

• Sherwood Equities sold 2 Times Square, Times Square, Manhattan for $99.2 million to Bando Construction on July 18, 2024.

• Bando Construction borrowed $20 million from Keb Hana Bank for 65 West 55th Street, Midtown West, Manhattan on July 17, 2024.

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*The Portfolio Value is a PincusCo estimate based on a property’s recent sale or loan, or multiplying the city’s Market Value by two.

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