Montgomery Street Partners

Montgomery Street Partners portfolio

$85.1 million* – condo 78%, specialty 20%; Manhattan 78%, Brooklyn 20%

639th largest portfolio by dollar value

397,018 sqft – condo 59%, specialty 40%;

741th largest by SF

4 properties – Manhattan 50%, Bronx 25%

1790th largest

477 residential units – Brooklyn 100%, Manhattan 0%

442th largest by residential units

Top Ten Associated Companies:

Eldridge (3), Cain International (3), Invesco Real Estate (3), Rabsky Group (1), Zaro’s Family Bakery (1), Jacob Schwimmer (1), CSC Coliving (1), Montgomery Street Partners (1), Cheryl Hirsch (1), Adrienne Schatz (1)

Top Ten Associated People:

Anthony D. Minella (3), Shimon Dushinsky (1), Joseph Zaro (1), Jacob Schwimmer (1), Alberto Smeke Saba (1), Sal Smeke Saba (1), Cheryl Hirsch (1), Joel Schwartz (1)

Recent activity as company:

• Cheryl Hirsch and Adrienne Schatz sold 353 West 57th Street, Hell’s Kitchen, Manhattan for $10.2 million to Montgomery Street Partners on January 11, 2023.

Montgomery Street Partners sold 240 Willoughby Street, Fort Greene, Brooklyn for $75.7 million to Montgomery Street Partners and Invesco Real Estate on June 16, 2022.

Montgomery Street Partners sold 353 West 57th Street, 353 West 57th Street, and 353 West 57th Street, Hell’s Kitchen, Manhattan for $164.5 million to CSC Coliving on June 15, 2022.

Eldridge and Cain International sold 353 West 57th Street, Hell’s Kitchen, Manhattan for $6.6 million to Montgomery Street Partners on June 15, 2022.

Eldridge and Cain International sold 353 West 57th Street, Hell’s Kitchen, Manhattan for $101.8 million to Montgomery Street Partners on June 15, 2022.

Eldridge and Cain International sold 353 West 57th Street, Hell’s Kitchen, Manhattan for $98.5 million to Montgomery Street Partners on June 15, 2022.

Montgomery Street Partners sold 138 Bruckner Boulevard, Mott Haven, Bronx for $35 million to Invesco Real Estate on June 09, 2022.

Montgomery Street Partners sold 2700 Atlantic Avenue, East New York, Brooklyn for $17 million to Invesco Real Estate on June 09, 2022.

Zaro’s Family Bakery sold 138 Bruckner Boulevard and 107 St Anns Avenue, Mott Haven, Bronx for $35.2 million to Montgomery Street Partners on January 21, 2022.

Montgomery Street Partners sold 138 Bruckner Boulevard and 107 St Anns Avenue, Mott Haven, Bronx for $35 million to Jacob Schwimmer on January 21, 2022.

Latest Stories:

• Jacob Schwimmer signs $165M refi for new 448-unit rental in Mott Haven (September 09, 2024)

• Joel Schwartz signs $42M refi with Golden Bridge for 227-unit development in East New York (March 08, 2024)

• Joel Schwartz signs $42M construction loan with Cross River for 227-unit project in East New York (May 03, 2023)

• CSC Coliving signs $171M ground-lease in Hell’s Kitchen with Montgomery Street (June 16, 2022)

• Jacob Schwimmer signs $105M construction loan with S3 Capital for 447-unit project in Mott Haven (February 17, 2022)

• Zaro’s sells dev site for $35.2M, Schwimmer signs ground lease valued at $35M (January 24, 2022)

• Montgomery Street Partners buys ground-leased fee for $75M under Rabsky’s Fort Greene development (December 30, 2021)

• Joel Schwartz signs $17M ground lease in sale-leaseback deal for development in East New York (September 23, 2021)

• Montgomery Street pays $17M to Joel Schwartz for 227-unit dev site in East New York (September 15, 2021)

• Eldridge acquires Hudson NY hotel valued at $269M from SBE in deed in lieu of foreclosure (December 07, 2020)

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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