Bluestone Group
Bluestone Group portfolio
$85.8 million – condo 34%, retail 18%; Manhattan 42%, Queens 34%
617th largest portfolio by dollar value
405,454 sqft – condo 48%, mixed-use 14%;
709th largest by SF
16 properties – Manhattan 37%, Bronx 37%
141th largest
197 residential units – Queens 73%, Brooklyn 23%
602th largest by residential units
11 foreclosures, 12 bankruptcies, 35 other court cases.
Company Activity past 24 months:
Buyer company: 1 for $12.3 million
Seller company: 6 for $33 million
Borrower company: 1 for $8.5 million
Lender company: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
Kassin Sabbagh Realty (3), Signature Bank (2), Anibal Gomez (2), TriState Capital Bank (1), Joel Weiss (1), Samuel Pfeiffer (1), Madison Realty Capital (1), Yan Moshe (1)
Top Ten Associated People:
Abraham Kassin (3), Anibal Gomez (2), Kenneth A. Stagnari (1), Robert Gambitsky (1), Joel Weiss (1), Samuel Pfeiffer (1)
Latest Stories:
• Bluestone Group acquires dev site in Borough Park through bankruptcy (October 26, 2023)
• Joel Weiss pays $3.3M to Bluestone Group for 18-unit rental in Mott Haven (October 03, 2023)
• Kassin Sabbagh Realty pays $23.4M to Bluestone Group for Elmhurst retail, garage (April 24, 2023)
• Anibal Gomez pays $5.2M to Bluestone Group for office in Schuylerville (April 14, 2023)
• Abraham Posner buys $6.4M note secured by Yoel Goldman project in Greenpoint (September 20, 2021)
• Yan Moshe pays $8M to Bluestone Group for property in Sunset Park (October 22, 2019)
• Yan Moshe borrows $6M from Popular Bank for property in Sunset Park (October 22, 2019)
Litigation: