Robert Favata

Owner

Robert Favata portfolio

$31.1 million* – elevator 73%, walkup 26%; Queens 100%, Manhattan 0%

1300th largest portfolio by dollar value

453,666 sqft – elevator 74%, walkup 25%;

661th largest by SF

5 properties – Queens 100%, Manhattan 0%

1515th largest

434 residential units – Queens 100%, Manhattan 0%

492th largest by residential units

Person Activity past 24 months:

Buyer signatory: 2 for $62.5 million

Borrower signatory: 2 for $37 million

Top Ten Associated People:

Andrew Goldberg (1), Corinne M. Mullen (1), Barry Rudofsky (1), Philip G. Rinaldi (1), George Todorovich (1)

Recent activity as company:

• Robert Favata borrowed $28 million from Flushing Bank for 99-19 66th Avenue, Rego Park, Queens on December 21, 2023.

• Andrew Goldberg and Richard Goldberg sold 99-19 66th Avenue, Rego Park, Queens for $48 million to Robert Favata on December 21, 2023.

• Robert Favata borrowed $9 million from Dime Community Bank for 94-05 35th Avenue, 95-05 35th Avenue, and 94-19 35th Avenue, Jackson Heights, Queens on August 08, 2023.

• Bronstein Properties sold 94-05 35th Avenue, 95-05 35th Avenue, and 94-19 35th Avenue, Jackson Heights, Queens for $14.5 million to company on August 08, 2023.

• George Todorovich sold 102-05 86th Avenue, Richmond Hill, Queens for $4 million to Robert Favata on July 27, 2022.

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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