Brodsky Organization

400 W 59th St New York, NY 10019

People:

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Brodsky Organization portfolio

$1.6 billion* – elevator 67.0%, condo 23.0%; Manhattan 81.0%, Brooklyn 18.0%

36th largest portfolio by dollar value

7,146,889 sqft – elevator 75.0%, condo 18.0%;

36th largest by SF

64 properties – Manhattan 84%, Brooklyn 15%

146th largest

7,456 residential units – Manhattan 75.0%, Brooklyn 24.0%

19th largest by residential units

0 foreclosures, 0 bankruptcies, 1 other court case.

Company Activity past 24 months:

Buyer company: 6 for $139.7 million

Seller company: 1 for $15.2 million

Borrower company: 7 for $455.1 million

Top Ten Associated People:

Brian Ezra (2), Cynthia Wang (2), Timothy Quinlan (2), Ivan Hakimian (2), Michael Lolito (1), Shawn Bengtson (1), Dean R. Holdsworth (1), Wesley Wilson (1), Ursula Flores (1), Peter A. Axelrod (1)

Recent activity as company:

Brodsky Organization, GFP Real Estate and Sorgente Group borrowed $200 million from Tyko Capital for 175 Fifth Avenue, Flatiron District, Manhattan on November 01, 2024.

Brodsky Organization borrowed $7 million from Bank of New York Mellon for 1420 3rd Avenue, 1424 3rd Avenue, 168 East 81st Street, and 1422 3rd Avenue, Carnegie Hill, Manhattan on June 10, 2024.

Brodsky Organization borrowed $19 million from Bank of New York Mellon for 307-317 East 44th Street, Turtle Bay, Manhattan on May 28, 2024.

Brodsky Organization borrowed $14.1 million from Daniel Brodsky for 25 West Houston Street, 456 West 19th Street, 25 West Houston Street, and 456 West 19th Street, None, Manhattan on April 02, 2024.

Quinlan Development Group sold 25 West Houston Street and 25 West Houston Street, SoHo, Manhattan for $8.8 million to Brodsky Organization on March 29, 2024.

Quinlan Development Group sold 456 West 19th Street and 456 West 19th Street, Chelsea, Manhattan for $3.6 million to Brodsky Organization on March 29, 2024.

Brodsky Organization sold 30 West 61st Street, Lincoln Square, Manhattan for $15.2 million to Zar Property NY and HPNY on February 22, 2024.

Brodsky Organization, GFP Real Estate and Sorgente Group borrowed $30 million from Apple Bank for Savings for 171 5th Avenue, Flatiron District, Manhattan on December 01, 2023.

Brodsky Organization, GFP Real Estate and Sorgente Group borrowed $30 million from Apple Bank for Savings for 175 Fifth Avenue, Flatiron District, Manhattan on November 09, 2023.

GFP Real Estate, Nathan Silverstein, Gregg Schenker and Sorgente Group sold 175 Fifth Avenue, Flatiron District, Manhattan for $6.7 million to Brodsky Organization, GFP Real Estate and Sorgente Group on November 09, 2023.

Latest Stories:

• Brodsky, GFP, Sorgente sign $200M construction loan with Tyko for Flatiron conversion (November 04, 2024)

• Brodsky, GFP, Sorgente plan 39 condo units in Flatiron Building (September 06, 2024)

• Brodsky Organization signs $19M refi for 312-unit building in Turtle Bay (May 29, 2024)

• Daniel Brodsky lends Brodsky Organization $14.05M to buy retail in Chelsea, SoHo (April 03, 2024)

• Brodsky Org. pays $12.4M to Quinlan Dev. for retail in SoHo, Chelsea (April 01, 2024)

• Zar Property, HPNY pay $15.2M to Brodsky for office condo in Lincoln Square (February 23, 2024)

• Brodsky, Sorgente, GFP, record $47M buyout of former Flatiron Building partners (November 10, 2023)

• Brodsky Org. pays $80.3M to Avery Hall for 350-unit Gowanus dev site (May 19, 2023)

• Court moves forward with Flatiron Building partition sale (February 28, 2023)

• Avanath Capital buys $101.2M ground lease from Brodsky for 251-unit rental in Downtown Brooklyn (January 24, 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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