Bluejay Management

Bluejay Management portfolio

$28 million* – elevator 76%, office 15%; Brooklyn 84%, Manhattan 15%

1380th largest portfolio by dollar value

214,263 sqft – elevator 89%, office 6%;

1140th largest by SF

5 properties – Brooklyn 80%, Manhattan 20%

1521th largest

276 residential units – Brooklyn 100%, Manhattan 0%

689th largest by residential units

Company Activity past 24 months:

Buyer company: 2 for $17.5 million

Borrower company: 2 for $12.1 million

Top Ten Associated Companies:

Cross River Bank (2), BEB Capital (1), Abby Modell (1), Bank of Princeton (1), Popular Bank (1), R&B Realty Group (1), Standard Insurance Company (1), Sentinel Real Estate (1)

Top Ten Associated People:

Abby Modell (1), Gary Hoffson (1), Aron Rosenberg (1), Michael Morey (1), Tanya Bryan (1), Brian Ritter (1)

Recent activity as company:

• Bluejay Management borrowed $5.6 million from Cross River Bank for 80 Clarkson Avenue, Flatbush, Brooklyn on January 30, 2024.

• Sentinel Real Estate sold 80 Clarkson Avenue, Flatbush, Brooklyn for $7.8 million to Bluejay Management on January 30, 2024.

• Bluejay Management, Yerachmeal Jacobson, David Spiegel and Noah Spiegel borrowed $6.5 million from Standard Insurance Company for 22 West 23rd Street, Flatiron District, Manhattan on September 28, 2023.

• R&B Realty Group sold 22 West 23rd Street, Flatiron District, Manhattan for $9.7 million to Bluejay Management, Yerachmeal Jacobson, David Spiegel and Noah Spiegel on September 28, 2023.

• Bluejay Management borrowed $19.6 million from Popular Bank for 1233 Eastern Parkway, Crown Heights, Brooklyn on November 15, 2022.

• Bluejay Management sold 1704 Ocean Avenue, Midwood, Brooklyn for $37.1 million to BEB Capital and Abby Modell on April 13, 2022.

• Bluejay Management borrowed $17.3 million from Bank of Princeton for 45 Lenox Road, Flatbush, Brooklyn on March 25, 2022.

• Bluejay Management borrowed $39 million from Cross River Bank for 50 Clarkson Avenue, Flatbush, Brooklyn on August 27, 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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