CAVU Property Group

People:

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CAVU Property Group portfolio

$10.3 million* – elevator 73.0%, development 26.0%; Brooklyn 94.0%, Bronx 5.0%

2617th largest portfolio by dollar value

134,944 sqft – elevator 44%, D7 42%;

1580th largest by SF

10 properties – Brooklyn 90%, Bronx 10%

886th largest

345 residential units – Brooklyn 94%, Bronx 5%

593th largest by residential units

Company Activity past 24 months:

Buyer company: 1 for $12.8 million

Borrower company: 5 for $90.9 million

Top Ten Associated Companies:

Webster Bank (2), Popular Bank (2), Jackson Group (1), Levon Capital (1), Valley National Bank (1)

Top Ten Associated People:

Yonathan Whitehouse (2), Elliott Chehebar (1), Gary Hoffson (1), Ann S. Wilhelm (1)

Recent activity as company:

• CAVU Property Group borrowed $5.8 million from Valley National Bank for 157 West Kingsbridge Roa, Kingsbridge Heights, Bronx on September 10, 2024.

• CAVU Property Group borrowed $18 million from Webster Bank for 1597 New York Avenue, 1296 New York Avenue, 3410 Farragut Road, 1595 New York Avenue, 3408 Farragut Road, and others, East Flatbush, Brooklyn on August 14, 2024.

• CAVU Property Group borrowed $19.5 million from Levon Capital for 2255 Nostrand Avenue, Flatlands, Brooklyn on June 28, 2024.

• CAVU Property Group borrowed $41.1 million from Popular Bank for 2263 Nostrand Avenue, Flatlands, Brooklyn on June 25, 2024.

• CAVU Property Group for Steven Hurwitz filed plans for new building for 33,921 sqft in Flatlands, Brooklyn, on May 31, 2023.

• CAVU Property Group borrowed $6.5 million from Popular Bank for 2251 Nostrand Avenue, Flatlands, Brooklyn on May 26, 2023.

• Jackson Group sold 2251 Nostrand Avenue, Flatlands, Brooklyn for $12.8 million to CAVU Property Group on May 26, 2023.

• CAVU Property Group borrowed $21 million from Webster Bank for N/A Prospect Place, Crown Heights, Brooklyn on April 07, 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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