Beitel Group
(Beitel)
1021 38th Street Brooklyn, NY 11219
People:
Beitel Group NYC portfolio
$998.8 million -industrial 46%, development 40%, elevator 7%; Bronx 79%, Brooklyn 20%*
232th largest portfolio by dollar value
376,597 sqft – industrial 38%, elevator 28%, P5 15%; Brooklyn 65%, Bronx 34%
1036th largest by SF
16 properties – Brooklyn 68%, Bronx 31%
628th largest
1,679 residential units – Bronx 93%, Brooklyn 6%
195th largest by residential units
Company Activity past 24 months:
Buyer company: 2 for $84 million
Borrower company: 10 for $899.8 million
Top Ten Associated Companies:
Slate Property Group (5), Parke Bank (3), MF1 Capital (2), Grasshopper Bank (1), Barings (1), Dwight Capital (1), BridgeCity Capital (1), Valley National Bank (1), Cerco Funding (1), Starwood Capital Group (1)
Top Ten Associated People:
Stephen Krasman (3), Jonathan Pfeil (2), Arthur M. Birenbaum (1), Renee D’Orazio (1), Adam Sasouness (1), Louis Lebovits (1), Jeffrey Puchin (1), Grace Chiang (1), Joel Ackerman (1), Chase Heichel (1)
Recent activity as company:
• Beitel Group borrowed $298.4 million from Barings for 355 Exterior Street on June 24, 2026.
• Beitel Group borrowed $175 million from Varde Partners for 120 East 144 Street on May 20, 2026.
• Beitel Group borrowed $5.3 million from Parke Bank for 1533 60 Street on February 24, 2026.
• Beitel Group borrowed $33 million from Valley National Bank for None on January 28, 2026.
• Beitel Group borrowed $155 million from Dwight Capital for 315 Grand Concourse on August 07, 2025.
• Lightstone Group sold 355 Exterior Street for $43.4 million to Beitel Group on July 18, 2025.
• Lightstone Group sold 355 Exterior Street for $40.6 million to Beitel Group on July 18, 2025.
• Beitel Group borrowed $53 million from Slate Property Group for 355 Exterior Street on July 18, 2025.
• Beitel Group borrowed $35.8 million from Slate Property Group for 355 Exterior Street on July 18, 2025.
• Beitel Group borrowed $24.8 million from Parke Bank for 1533 60 Street on June 12, 2025.
Latest Stories:
• Beitel Group pays Lightstone $84M for two-building dev site in Mott Haven (July 25, 2025)
• Beitel Group signs $29M refi with Slate in Mott Haven (September 17, 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)
Properties: