Bluestone Organization

People:

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Bluestone Organization NYC portfolio

$197.9 million* – elevator 84.0%, development 9.0%; Queens 86.0%, Bronx 10.0%

745th largest portfolio by dollar value

682,013 sqft – elevator 92%, walkup 6%;

473th largest by SF

20 properties – Queens 90%, Manhattan 5%

447th largest

703 residential units – Queens 92%, Bronx 6%

313th largest by residential units

Company Activity past 24 months:

Borrower company: 1 for $15 million

Top Ten Associated Companies:

JPMorgan Chase (3), New York Community Bank (2), NYC Department of Housing Preservation and Development (1), Webster Bank (1), Capital One (1), New York City Energy Efficiency Corporation (1)

Top Ten Associated People:

Jennifer Smith (2), John Feijoo (1)

Recent activity as company:

Bluestone Organization borrowed $15 million from Webster Bank for 1182 Woodycrest Avenue, Highbridge, Bronx on November 15, 2023.

Bluestone Organization borrowed $7.7 million from New York Community Bank for 138-47 Barclay Avenue, Flushing, Queens on October 31, 2022.

Bluestone Organization borrowed $5.4 million from New York City Energy Efficiency Corporation for 11 West 126th Street, Harlem, Manhattan on September 22, 2022.

Bluestone Organization borrowed $7.7 million from JPMorgan Chase for 43-06 63rd Street, Woodside, Queens on June 30, 2022.

Bluestone Organization borrowed $8.9 million from JPMorgan Chase for 75-23 113th Street and 75-31 113th Street, Forest Hills, Queens on June 30, 2022.

Bluestone Organization borrowed $13.8 million from NYC Department of Housing Preservation and Development for N/A Shore Front Parkway and N/A Shore Front Parkway, Edgemere, Queens on December 30, 2021.

Bluestone Organization borrowed $7.5 million from JPMorgan Chase for 193-02 Hor Harding Ep Sr S, Fresh Meadows, Queens on December 07, 2021.

Bluestone Organization borrowed $18.5 million from New York Community Bank for 66-02 Austin Street and 65-90 Austin Street, Rego Park, Queens on October 13, 2021.

Bluestone Organization borrowed $5.1 million from Capital One for 142-12 41st Avenue, Flushing, Queens on May 06, 2020.

Properties:

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*The Portfolio Value is a PincusCo estimate based on a property’s recent sale or loan, or multiplying the city’s Market Value by two.

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