Aurora Capital Associates

Owner

1407 Broadway 41st Floor New York, NY 10018

People:

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Aurora Capital Associates portfolio

$467.5 million* – retail 36.0%, office 31.0%; Manhattan 66.0%, Brooklyn 25.0%

136th largest portfolio by dollar value

1,521,414 sqft – retail 37.0%, office 24.0%;

215th largest by SF

28 properties – Manhattan 67%, Brooklyn 21%

355th largest

144 residential units – Brooklyn 84.0%, Manhattan 15.0%

1109th largest by residential units

0 foreclosures, 0 bankruptcies, 2 other court cases.

Company Activity past 24 months:

Buyer company: 1 for $7.5 million

Borrower company: 12 for $575.2 million

Top Ten Associated People:

Nelson Ornelas (2), Adam Brenner (2), Vikas Tandon (1), Nicholas A. LaMorte (1), Daniel M. Bagatta (1), Jeffrey Horowitz (1), Francesco Pizzolla (1), Maria G. Breland (1), Nvard Hovsepian (1), Dr. Jonas Wolk (1)

Recent activity as company:

Aurora Capital Associates borrowed $8.8 million from Israel Discount Bank for 543 Broadway, SoHo, Manhattan on October 15, 2024.

• Arizona State Retirement System sold 34 Gansevoort Street, West Village, Manhattan for $7.5 million to Aurora Capital Associates on September 30, 2024.

Aurora Capital Associates and A&H Acquisitions borrowed $19.4 million from Webster Bank for 2952 3rd Avenue, Longwood, Bronx on July 05, 2024.

Aurora Capital Associates borrowed $13 million from Valley National Bank for 21 9th Avenue, Meatpacking District, Manhattan on May 13, 2024.

Wharton Properties, Aurora Capital Associates and ACHS Management borrowed $10 million from NongHyup Bank for 511 5th Avenue, Grand Central, Manhattan on April 18, 2024.

Aurora Capital Associates and William Gottlieb Real Estate borrowed $145 million from Deutsche Pfandbriefbank for 809 Washington Street, Meatpacking District, Manhattan on March 21, 2024.

• ACHS Management and Aurora Capital Associates borrowed $9.4 million from Flushing Bank for 700-710 Pelham Parkway South, Pelham Parkway, Bronx on January 09, 2024.

Aurora Capital Associates borrowed $90 million from Apollo Global Management for 193 Berry Street, Williamsburg, Brooklyn on September 13, 2023.

Aurora Capital Associates borrowed $32 million from Webster Bank for 538 Hudson Street, West Village, Manhattan on September 12, 2023.

Aurora Capital Associates and William Gottlieb Real Estate borrowed $114 million from Apollo Global Management for 134 Jane Street, West Village, Manhattan on July 14, 2023.

Latest Stories:

• Aurora Capital pays $7.5M for retail in Meatpacking, down from $19.5M in 2016 (October 01, 2024)

• Aurora, A&H sign $19.4M refi with Webster Bank for retail in Longwood (July 08, 2024)

• Wharton, Aurora, Adjmi sign $10M loan with NongHyup Bank at renovated office in Grand Central (April 19, 2024)

• Aurora Capital Associates signs $90M refi with Apollo for retail in Williamsburg, prior lender was Wells Fargo (September 14, 2023)

• Aurora, William Gottlieb sign $114M construction loan for 101K sf development in West Village (July 17, 2023)

• Aurora Capital Associates, Midtown Equities sign $66M refi in Brooklyn Heights (June 23, 2023)

• Aurora Capital signs $17.7M refi for two properties in Midtown East (March 20, 2023)

• Aurora Capital Associates ups debt to $50M for Meatpacking retail, office, with $33.7M gap loan (March 03, 2023)

• Aurora Capital, David Ellis sign $35M initial loan with Israel Discount Bank for mixed-use in West Village (January 25, 2023)

• Aurora Capital, Bridges Development buy GW Bridge retail leasehold for $46M, was in bankruptcy (December 20, 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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