Civic Builders

Civic Builders NYC portfolio

$75.9 million* – specialty 97%, E1 1%; Brooklyn 83%, Bronx 16%

1399th largest portfolio by dollar value

48,700 sqft – specialty 78%, E1 11%;

2892th largest by SF

5 properties – Brooklyn 60%, Bronx 40%

1532th largest

Company Activity past 24 months:

Seller company: 1 for $7.5 million

Borrower company: 1 for $43.3 million

Top Ten Associated Companies:

JPMorgan Chase (1), Urban Assembly Charter School for Computer Science (1), New York City Regional Center affiliate (1), Chaskiel Strulovitch (1), Seton Education Partners (1), Low Income Investment Fund (1), Urban Dove (1), Dime Community Bank (1)

Top Ten Associated People:

Ivonne Fleitas (1), Chaskiel Strulovitch (bankrupt) (1)

Recent activity as company:

Civic Builders borrowed $43.3 million from New York City Regional Center affiliate for 447 Wales Avenue, Mott Haven, Bronx on April 13, 2023.

Civic Builders sold 447 Wales Avenue, Mott Haven, Bronx for $7.5 million to Urban Assembly Charter School for Computer Science on April 13, 2023.

Civic Builders for Leonard Dymond filed plans for new building for 48,533 sqft in Mott Haven, Bronx, on October 06, 2022.

Civic Builders borrowed $37.4 million from JPMorgan Chase for 2390 Pitkin Avenue, East New York, Brooklyn on March 30, 2022.

Civic Builders borrowed $9.5 million from Dime Community Bank for 720 Livonia Avenue, East New York, Brooklyn on October 12, 2021.

Chaskiel Strulovitch sold 720 Livonia Avenue, East New York, Brooklyn for $11.5 million to Civic Builders on February 18, 2021.

• Urban Dove borrowed $5.6 million from Civic Builders for 1256 East 21st Street, Midwood, Brooklyn on June 24, 2020.

Seton Education Partners borrowed $11.2 million from Civic Builders for 2342 Andrews Avenue North, University Heights, Bronx on June 23, 2020.

Civic Builders borrowed $8.8 million from Low Income Investment Fund for 950 Longfellow Avenue, Hunts Point, Bronx on March 24, 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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