Cape Advisors
People:
Cape Advisors portfolio
$53.8 million* – elevator 56%, office 39%; Queens 56%, Manhattan 43%
910th largest portfolio by dollar value
430,905 sqft – elevator 87%, office 12%;
695th largest by SF
5 properties – Queens 60%, Manhattan 40%
1503th largest
562 residential units – Queens 99%, Manhattan 0%
392th largest by residential units
Company Activity past 24 months:
Buyer company: 1 for $51.9 million
Top Ten Associated Companies:
AIG (1), Blackstone Group (1), Cottonwood Communities (1), UBS Realty Investors (1), KPG Funds (1), Pioneer Group (1), Morgan Stanley (1)
Top Ten Associated People:
Kevin Pivnick (1), Gregory Kraut (1), Cynthia Eckes (1)
Recent activity as company:
• Cottonwood Communities sold 11-12 30th Drive, 11-28 30th Drive, and 11-37 31st Avenue, Astoria, Queens for $51.9 million to Cape Advisors on July 30, 2024.
• Cape Advisors borrowed $212 million from AIG and Blackstone Group for 11-28 31st Avenue, 11-12 31st Avenue, and 11-37 31st Avenue, Astoria, Queens on December 28, 2022.
• Pioneer Group sold 11-28 30th Drive, 11-12 30th Drive, and 11-37 31st Avenue, Astoria, Queens for $155.3 million to Cape Advisors on April 27, 2022.
• Cape Advisors for David Kronman filed plans for new building for 126,689 sqft in Astoria, Queens, on January 13, 2022.
• Cape Advisors for David Kronman filed plans for new building for 132,099 sqft in Astoria, Queens, on January 13, 2022.
• Cape Advisors for David Kronman filed plans for new building for 313,563 sqft in Astoria, Queens, on January 13, 2022.
• Cape Advisors for David Kronman filed plans for new building for 75,780 sqft in Astoria, Queens, on January 13, 2022.
• Cape Advisors borrowed $43.5 million from Morgan Stanley for 5 Crosby Street, Little Italy, Manhattan on December 16, 2021.
• Cape Advisors sold 102 Chambers Street, Tribeca, Manhattan for $12 million to KPG Funds on January 20, 2021.
• Cape Advisors sold , 19 St Mark’S Place, 19 St Mark’S Place, East Village, Manhattan for $35 million to UBS Realty Investors on April 27, 2020.
Latest Stories:
• Cape Advisors buys 12% stake from partner Cottonwood at 3 Astoria rentals (July 31, 2024)
• KPG Funds signs $9M refi with Ready Capital for retail in Tribeca (May 17, 2023)
• Greg Kraut’s KPG Funds pays $12M to Cape Advisors for retail condo in Tribeca (January 21, 2021)
Properties: