Arch Companies

88 University Place, 11th Floor New York, NY 10003

People:

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Arch Companies portfolio

$43.5 million* – elevator 68%, walkup 9%; Manhattan 68%, Brooklyn 16%

1042th largest portfolio by dollar value

367,345 sqft – mixed-use 64%, elevator 29%;

785th largest by SF

12 properties – Queens 41%, Brooklyn 33%

726th largest

216 residential units – Queens 61%, Manhattan 20%

840th largest by residential units

2 foreclosures, 0 bankruptcies, 7 other court cases.

Company Activity past 24 months:

Seller company: 1 for $48.6 million

Borrower company: 2 for $0

Top Ten Associated People:

Denis Saklakov (3), Meir Babaev (1), Stanley K. Chin (1), David Thompson (1), Roland Cablayan (1), Oren Sapirstein (1), Roger Rofe (1), Jamie A. Forman (1)

Recent activity as company:

• Arch Companies sold 88 University Place, Greenwich Village, Manhattan for $48.6 million to CIM Group on October 17, 2024.

• Arch Companies borrowed $0 from Hirshmark Capital for 146 East 89th Street, Carnegie Hill, Manhattan on February 08, 2024.

• Arch Companies borrowed $0 from Hirshmark Capital for 146 East 89th Street, Carnegie Hill, Manhattan on November 30, 2023.

• Arch Companies borrowed $45.8 million from Valley National Bank for 335 Canal Street, SoHo, Manhattan on September 29, 2022.

• Balthasar Capital Fund Management sold 1351 Dekalb Avenue, 1355 Dekalb Avenue, and 1357 Dekalb Avenue, Bushwick, Brooklyn for $12.5 million to Arch Companies on September 27, 2022.

• Balthasar Capital Fund Management sold 1010 Bushwick Avenue, Bushwick, Brooklyn for $11.7 million to Arch Companies on September 27, 2022.

• Balthasar Capital Fund Management sold 431 Central Avenue, Bushwick, Brooklyn for $10 million to Arch Companies on September 27, 2022.

• Arch Companies borrowed $10.8 million from Valley National Bank for 1633 East 16th Street, Sheepshead Bay, Brooklyn on September 12, 2022.

• AB Capstone sold 1633 East 16th Street, Sheepshead Bay, Brooklyn for $22.3 million to Arch Companies on September 12, 2022.

• Albert Gad sold 146 East 89th Street, Carnegie Hill, Manhattan for $5.8 million to Arch Companies on July 07, 2022.

Latest Stories:

• CIM acquires Greenwich Village office through UCC foreclosure, $48.6M transfer amount (October 18, 2024)

• Arch Companies places Nostrand Ave $50M-plus rental in bankruptcy to effectuate sale (March 11, 2024)

• Jeffrey Simpson files bankruptcy for Arch Companies entity (March 11, 2024)

• Courts roundup: $10.3M foreclosure ordered, Hirshmark files $3.8M pre-foreclosure, Carnegie House suit tossed (January 12, 2024)

• Yotam Michaeli pays $3.5M for three rentals in Bushwick (December 14, 2023)

• Investor sues over $1M “emergency” loan made at Hudson Square redevelopment (November 13, 2023)

• $10.8M pre-foreclosure filed at Sheepshead Bay dev site (October 25, 2023)

• Investor fears $350M loss if Arch Companies files bankruptcy (October 11, 2023)

• Courts roundup: Arch Companies sues AB Capstone, Karten sues Schuster (February 21, 2023)

• $45.8M refi loan with Valley National Bank at 11 Green Street in SoHo (September 30, 2022)

Court Records:

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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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