JTRE

People:

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JTRE portfolio

$47.9 million* – condo 76%, retail 19%; Manhattan 100%, Bronx 0%

981th largest portfolio by dollar value

214,796 sqft – condo 91%, office 4%;

1135th largest by SF

6 properties – Manhattan 100%, Bronx 0%

1305th largest

5 foreclosures, 0 bankruptcies, 23 other court cases.

Company Activity past 24 months:

Borrower company: 1 for $0

Top Ten Associated Companies:

CPIF Lending (2), Delshah Capital (2), Dime Community Bank (1), LBC2 Trust (1), Pine Corporate Services LLC (1), Benmark Capital (1), Argentic Investment Management (1), China Sonangol (1), New York County Lawyers Association (1), Jovia Financial Federal Credit Union (1)

Top Ten Associated People:

Berry Ann Tamberg (1), Bruce Rickert (1), Sun Siu Kong (1), Vince Chang (1), Salvatore Bullaro (1)

Recent activity as company:

• JTRE borrowed $0 from Benmark Capital for 1177 Broadway, NoMad, Manhattan on February 10, 2023.

• Michael Cohen and JTRE borrowed $7.3 million from Dime Community Bank for 1330 Broadway, Garment District, Manhattan on August 03, 2022.

• Salvatore Bullaro, Olivia Armao and Tina-Marie Bullaro sold 1330 Broadway, Garment District, Manhattan for $9.7 million to Michael Cohen and JTRE on August 03, 2022.

• JTRE borrowed $26 million from LBC2 Trust for 6 West 28th Street and 8 West 28th Street, NoMad, Manhattan on May 20, 2022.

• JTRE borrowed $0 from Pine Corporate Services LLC for 1177 Broadway, NoMad, Manhattan on March 15, 2022.

• JTRE borrowed $6.8 million from Columbia Pacific Advisors for 27 West 72nd Street, Upper West Side, Manhattan on October 22, 2021.

• JTRE borrowed $0 from Delshah Capital for 31 East 28th Street, Nomad, Manhattan on June 18, 2021.

• JTRE borrowed $0 from Delshah Capital for 27 West 72nd Street, the Upper West Side, Manhattan on June 18, 2021.

• JTRE borrowed $8 million from CPIF Lending for 14 Vesey Street, Tribeca, Manhattan on May 26, 2021.

• JTRE borrowed $0 from Argentic Investment Management for 6 West 28th Street and 8 West 28th Street, Nomad, Manhattan on May 25, 2021.

Latest Stories:

• Arc Re files $44M pre-foreclosure at Tessler Developments Midtown South condo tower (August 23, 2024)

• $101M bankruptcy filed at Tessler Developments’ Midtown South condo tower (June 05, 2024)

• 14 Vesey placed in bankruptcy, pressured by $27.8M pre-foreclosure (March 11, 2024)

• Funding dispute between Columbia Pacific and JTRE in FiDi; sources expect resolution by year end (December 22, 2023)

• Funding dispute slows renovation at NoMad retail condo: Court filing (December 18, 2023)

• High-profile retail in Garment District sells for $9.7M to JTRE, partners (August 04, 2022)

• JTRE in contract to buy Broadway retail facing Macy’s for $12M: sources (May 20, 2022)

• JTRE signs $6.8M refi with Columbia Pacific for once-troubled UWS retail condo (October 25, 2021)

• Landlord threatens to end JTRE’s $70M Wall Street lease, Terzi files to block termination (August 19, 2021)

• JTRE Holdings pays $19M to New York County Lawyers Association for office building in Tribeca (May 10, 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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