Beitel Group

People:

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Beitel Group portfolio

$38.8 million* – elevator 28.0%, industrial 27.0%; Brooklyn 76.0%, Bronx 23.0%

1117th largest portfolio by dollar value

369,684 sqft – industrial 35.0%, elevator 29.0%;

777th largest by SF

15 properties – Brooklyn 73%, Bronx 26%

599th largest

112 residential units – Brooklyn 100.0%, Manhattan 0.0%

1335th largest by residential units

Company Activity past 24 months:

Buyer company: 3 for $9.9 million

Borrower company: 4 for $312.2 million

Top Ten Associated People:

William Nussen (2), Jonathan Pfeil (2), John Lage (2), Stephen Krasman (2), Grace Chiang (1), Louis Lebovits (1), Susan Weber (1), Abraham M. Klein (1), Brona McGirl and Nora O’Donoghue (1), Joel Ackerman (1)

Recent activity as company:

Beitel Group borrowed $112.9 million from Slate Property Group for 315 Grand Concourse, 270 Walton Avenue, and 261 Grand Concourse, Mott Haven, Bronx on October 02, 2024.

Beitel Group borrowed $16.9 million from Parke Bank for 1547 60th Street, Borough Park, Brooklyn on July 09, 2024.

Beitel Group borrowed $150 million from Slate Property Group for 120 East 144th Street, Mott Haven, Bronx on April 22, 2024.

Beitel Group for Binyamin Beitel filed plans for new building for 60,558 sqft in Borough Park, Brooklyn, on April 18, 2024.

Beitel Group borrowed $32.4 million from Slate Property Group for 120 East 144th Street, Mott Haven, Bronx on April 15, 2024.

William Nussen sold 1533 60th Street, Borough Park, Brooklyn for $2.4 million to Beitel Group on February 28, 2024.

Abraham M. Klein sold 1541 60th Street, Borough Park, Brooklyn for $3.5 million to Beitel Group on February 28, 2024.

Beitel Group for Binyamin Beitel filed plans for new building for 50,311 sqft in Borough Park, Brooklyn, on July 24, 2023.

William Nussen sold 1547-1555 60th Street, Borough Park, Brooklyn for $4 million to Beitel Group on May 22, 2023.

Beitel Group borrowed $27.5 million from Cerco Funding for 270 Walton Avenue, 315 Grand Concourse, and 261 Grand Concourse, Mott Haven, Bronx on December 06, 2022.

Latest Stories:

• Beitel Group signs $29M refi with Slate in Mott Haven (September 17, 2024)

• Beitel Group signs $150M construction loan with Slate’s Scale for 452-unit project in Mott Haven (April 23, 2024)

• Beitel Group signs $32.4M refi with Slate’s Scale for 470-unit project in Mott Haven (April 16, 2024)

• Beitel Group pays $3.5M to expand dev site in Borough Park (February 29, 2024)

• Beitel Group files plans for 32K sf office building in Borough Park (August 31, 2023)

• Beitel Group pays $4M for industrial in Borough Park (May 23, 2023)

• Beitel Group pays $23.3M to expand dev site in Mott Haven (December 07, 2022)

• Beitel Group signs $48M refi loan with MF1 Capital for residential elevator in Flatbush (June 03, 2022)

• Beitel Group pays $41.5M to Weber family for 470-unit dev site in Mott Haven (April 12, 2022)

• Beitel Group signs $9.5M refi with Wells Fargo for two commercial condos in Kensington (August 20, 2021)

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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