Minrav Development

Minrav Development portfolio

$25.4 million* – condo 39.0%, development 28.0%; Manhattan 100.0%, Bronx 0.0%

1487th largest portfolio by dollar value

64,474 sqft – elevator 51.0%, condo 48.0%;

2484th largest by SF

39 properties – Manhattan 100%, Bronx 0%

262th largest

41 residential units – Manhattan 100.0%, Bronx 0.0%

2385th largest by residential units

Company Activity past 24 months:

Borrower company: 2 for $84.8 million

Top Ten Associated Companies:

Bank Hapoalim (2), CIM Group (2), Tel Aviv Stock Exchange bondholders (1), Northwind Group (1), Bank Leumi (1)

Top Ten Associated People:

Tal Michaelson (1)

Recent activity as company:

• Minrav Development borrowed $63 million from Northwind Group for 305-311 First Avenue, Gramercy, Manhattan on September 10, 2024.

• Minrav Development borrowed $21.8 million from Tel Aviv Stock Exchange bondholders for 368 Third Avenue, 368 Third Avenue, 368 Third Avenue, 368 Third Avenue, 368 Third Avenue, and others, Kips Bay, Manhattan on March 27, 2024.

• Company sold 427 East 90th Street, Yorkville, Manhattan for $6.5 million to Minrav Development on November 22, 2022.

• Minrav Development for Yehuda Mor filed plans for new building for 28,937 sqft in Gramercy, Manhattan, on March 26, 2021.

• Minrav Development for Yehuda Mor filed plans for new building for 55,321 sqft in Gramercy, Manhattan, on February 10, 2021.

• Minrav Development borrowed $7.9 million from Bank Hapoalim for 343 East 17th Street, Gramercy, Manhattan on February 12, 2020.

• CIM Group sold 343 East 17th Street, Gramercy, Manhattan for $12 million to Minrav Development on February 12, 2020.

• Minrav Development borrowed $18.3 million from Bank Leumi for 305 1st Avenue, 307 1st Avenue, 309 1st Avenue, 311 1st Avenue, Gramercy, Manhattan on February 11, 2020.

• CIM Group sold 305 1st Avenue, 307 1st Avenue, 309 1st Avenue, 311 1st Avenue, Gramercy, Manhattan for $28.5 million to Minrav Development on February 11, 2020.

• Minrav Development borrowed $21.3 million from Bank Hapoalim for 246 East 52nd Street, Midtown East, Manhattan on January 17, 2020.