Bethpage Federal Credit Union

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Bethpage Federal Credit Union portfolio

$5.9 million* – condo 100%; Manhattan 100%, Bronx 0%

3508th largest portfolio by dollar value

21,228 sqft – condo 100%;

4106th largest by SF

20 properties – Manhattan 100%, Bronx 0%

477th largest

6 foreclosures, 0 bankruptcies, 1 other court case.

Company Activity past 24 months:

Buyer company: 1 for $9.5 million

Lender company: 9 for $103.8 million

Top Ten Associated Companies:

Kiumarz Geula (3), Shlomo Karpen (2), Steve Nisan (2), Joel Schwartz (2), Urban View Development Group (2), Arthur Vayner (1), Jamie R. Anthony III (1), Rabsky Group (1), Paul Stallings (1), Angela Sportelli (1)

Recent activity as company:

Shulem Herman borrowed $13.3 million from Bethpage Federal Credit Union for 139 Frost Street and N/A Frost Street, Williamsburg, Brooklyn on November 21, 2024.

Simcha Applegrad borrowed $23 million from Bethpage Federal Credit Union for 1484 Watson Avenue, Soundview, Bronx on September 25, 2024.

Legion Investment Group borrowed $37.5 million from Maxim Capital Group for 8 West 14th Street, Greenwich Village, Manhattan on May 14, 2024.

Ashok Patel borrowed $12.5 million from Bethpage Federal Credit Union for 35-64 85th Street, Jackson Heights, Queens on March 04, 2024.

Zalman Brody borrowed $5.4 million from Bethpage Federal Credit Union for 1315 Findlay Avenue, Claremont Village, Bronx on February 28, 2024.

Winthrop D. Chamberlin sold 305 2nd Avenue, 305 2nd Avenue, 305 2nd Avenue, 305 2nd Avenue, 305 2nd Avenue, and others, Gramercy, Manhattan for $9.5 million to Bethpage Federal Credit Union on November 16, 2023.

Bruman Realty borrowed $20 million from Bethpage Federal Credit Union for 57 Spring Street and 55 Spring Street, Nolita, Manhattan on October 04, 2023.

JAM Real Estate Partners borrowed $5.7 million from Bethpage Federal Credit Union for 345 East 92nd Street, Yorkville, Manhattan on August 04, 2023.

Rockledge borrowed $8.8 million from Bethpage Federal Credit Union for 7201 Ridge Boulevard, Bay Ridge, Brooklyn on July 17, 2023.

Urban View Development Group borrowed $9.7 million from Bethpage Federal Credit Union for 1661 Summerfield Street, Ridgewood, Queens on May 12, 2023.

Latest Stories:

• Simcha Applegrad signs $23M refi with Bethpage for 108-unit walkup in Soundview (September 26, 2024)

• Bethpage Federal files $33M pre-foreclosure on office condo (June 13, 2024)

• Victor Sigoura’s Legion pays $57.5M to Philips, Lawland, others for office building in Greenwich Village (May 14, 2024)

• JY Capital Group buys $8.5M note secured by NoMad commercial in foreclosure (March 26, 2024)

• PH Realty Capital signs $17.3M refi with LMF Commercial for 18-unit rental in Lenox Hill (February 28, 2024)

• Investor in $46M Midtown West office condo sues partner over $1.4M commission, transparency (December 15, 2023)

• Lender Bethpage Federal acquires 20 commercial condo units in Gramercy with $9.5M value (November 17, 2023)

• Philips International sells stakes in $31M Village office property to Lawland, Arnold Penner, Rhodes (July 17, 2023)

• Eric Schlagman signs $25M refi with affiliate of Regeneron co-founder in Tribeca (June 02, 2023)

• Bethpage files $7.9M pre-foreclosure action against NoMad commercial (January 19, 2023)

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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