Castellan Real Estate Partners

Castellan Real Estate Partners portfolio

$27.7 million* – walkup 37%, elevator 31%; Manhattan 70%, Bronx 25%

1393th largest portfolio by dollar value

186,534 sqft – walkup 54%, elevator 34%;

1281th largest by SF

13 properties – Bronx 53%, Manhattan 38%

684th largest

210 residential units – Manhattan 51%, Bronx 41%

858th largest by residential units

Company Activity past 24 months:

Borrower company: 1 for $18.3 million

Lender company: 1 for $19.1 million

Top Ten Associated Companies:

PIMCO (1), Chestnut Holdings (1), POKO Partners (1), Joel Braver (1), Preferred Bank (1), Dirty Building Holdings LP (1), Lument (1), Makan Singh Sandhu (1), Ali Mamudoski (1), New York Community Bank (1)

Top Ten Associated People:

Anthony Simari (2), Joel Braver (1), Sylvia Tseng (1), Joseph Rust (1), Tom Purtill (1)

Recent activity as company:

Castellan Real Estate Partners borrowed $18.3 million from Lument for 7-9 East 30th Street, Park Avenue South, Manhattan on August 09, 2024.

Joel Braver borrowed $19.1 million from Castellan Real Estate Partners for 904 Bedford Avenue, 908 Bedford Avenue, and 902 Bedford Avenue, Bedford Stuyvesant, Brooklyn on February 14, 2023.

Joseph Freund borrowed $8.5 million from Ponce Bank for 644 Parkside Avenue, Prospect Lefferts Gardens, Brooklyn on November 10, 2022.

Dirty Building Holdings LP borrowed $8.2 million from Castellan Real Estate Partners for 392 West Broadway, SoHo, Manhattan on November 07, 2022.

Castellan Real Estate Partners borrowed $8.1 million from Preferred Bank for 4 St Marks Place, East Village, Manhattan on October 28, 2022.

Castellan Real Estate Partners sold 88 East 111th Street, East Harlem, Manhattan for $5.2 million to Chestnut Holdings on February 25, 2022.

Henry Weinstein borrowed $0 from Maxim Credit Group for 604 Pacific Street, Park Slope, Brooklyn on February 22, 2022.

Castellan Real Estate Partners sold 524 East 119th Street, East Harlem, Manhattan for $6 million to City Skyline Realty on February 18, 2022.

Vladimir Furleiter borrowed $5.5 million from Hirshmark Capital for 723 Bristol Street, Brownsville, Brooklyn on February 15, 2022.

• Metrovest Equities borrowed $0 from 307-309 Sixth Avenue LLC for 309 Avenue Of The Amer and 307 Avenue Of The Amer, Greenwich Village, Manhattan on January 31, 2022.

Latest Stories:

• $5.5M bankruptcy filed for Brownsville industrial following Hirshmark pre-foreclosure (April 22, 2024)

• Fannie Mae files $10.7M pre-foreclosure on 40-unit rental in Crown Heights (April 18, 2024)

• William Schneider takes title to bankrupt dev site in Greenwich Village, $13.5M transfer value (October 27, 2023)

• Yu-Ming Wu, Wendy Lam pay $2.2M for office condo in Chinatown (July 31, 2023)

• Anonymous note buyer files $22.6M West Village dev site bankruptcy (January 10, 2023)

• Owner of historic Sousa townhouse files unusual bankruptcy tied to another West Village property (December 14, 2022)

• William Schneider files plans for 39-unit project in Greenwich Village, site was in $14M foreclosure (November 28, 2022)

• City Skyline Realty pays $5.2M to Castellan for 28-unit walkup in East Harlem (February 28, 2022)

• City Skyline pays $6M to Castellan Real Estate for 35-unit walkup in East Harlem (February 21, 2022)

• California entity pays $17.5M for mixed-use in SoHo, financed with purchase-money mortgage (February 10, 2022)

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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