Chetrit Organization

Chetrit Organization portfolio

$12 million* – industrial 99%, development 0%; Queens 100%, Manhattan 0%

2387th largest portfolio by dollar value

216,400 sqft – industrial 100%, development 0%;

1124th largest by SF

5 properties – Queens 100%, Manhattan 0%

1596th largest

Company Activity past 24 months:

Seller company: 1 for $265.9 million

Top Ten Associated Companies:

HPS Investment Partners (2), OceanFirst Bank (1), Rudin Management (1)

Top Ten Associated People:

AnnMarie Sorena (1)

Recent activity as company:

• Chetrit Organization sold 850 3rd Avenue, Midtown East, Manhattan for $265.9 million to HPS Investment Partners on March 27, 2023.

• Chetrit Organization borrowed $20 million from OceanFirst Bank for 59-10 Decatur Street, N/A Decatur Street, N/A Decatur Street, N/A Decatur Street, and 59-20 Decatur Street, Ridgewood, Queens on May 03, 2022.

• Chetrit Organization borrowed $220 million from HPS Investment Partners for 850 3rd Avenue, Midtown, Manhattan on October 13, 2021.

• Rudin Management sold 1 Whitehall Street, Financial District, Manhattan for $181.5 million to Chetrit Organization on October 24, 2019.

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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