Westrock Development

Westrock Development portfolio

$9.3 million* – industrial 97%, development 2%; Bronx 85%, Queens 14%

2765th largest portfolio by dollar value

112,743 sqft – industrial 100%, specialty 0%;

1781th largest by SF

9 properties – Bronx 88%, Queens 11%

981th largest

Top Ten Associated Companies:

Isaac Kubersky (2), Webster Bank (1), Dune Real Estate Partners (1), David Haber (1), Marvin Lerman (1), First Bank (1), Turnbridge Equities (1)

Top Ten Associated People:

Isaac Kubersky (1), Eric Calder (1), David N. Haber (1), Marvin Lerman (1)

Recent activity as company:

Westrock Development borrowed $5.5 million from First Bank for 825 East 140th Street, Mott Haven, Bronx on April 05, 2021.

Marvin Lerman sold 41-18 Berrian Boulevard, Astoria, Queens for $6 million to Westrock Development on November 09, 2020.

• David Haber sold 820 East 141st Street, Mott Haven, Bronx for $8.3 million to Westrock Development on November 05, 2020.

Isaac Kubersky sold 432 East 165th Street, 434 East 165th Street, 442 East 165th Street, 439 East 164th Street, 437 East 164th Street, and others, Morrisania, Bronx for $14 million to Westrock Development on October 01, 2020.

Westrock Development borrowed $6 million from Webster Bank for 432 East 165th Street, 434 East 165th Street, 442 East 165th Street, 439 East 164th Street, 437 East 164th Street, and others, Morrisania, Bronx on October 01, 2020.

Westrock Development sold 920 East 149th Street, Mott Haven, Bronx for $32.5 million to Dune Real Estate Partners on September 11, 2020.

Isaac Kubersky sold 432 East 165th Street, 434 East 165th Street, 442 East 165th Street, 439 East 164th Street, 437 East 164th Street, and others, Morrisania, Bronx for $0 to Westrock Development on March 26, 2020.

Westrock Development sold 920 East 149th Street, Mott Haven, Bronx for $0 to Turnbridge Equities on November 08, 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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