CSC Coliving

People:

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CSC Coliving portfolio

$104.5 million* – condo 83%, walkup 13%; Manhattan 86%, Brooklyn 13%

543th largest portfolio by dollar value

334,596 sqft – condo 66%, walkup 16%;

846th largest by SF

9 properties – Manhattan 55%, Brooklyn 44%

914th largest

72 residential units – Brooklyn 98%, Manhattan 1%

1751th largest by residential units

Company Activity past 24 months:

Seller company: 1 for $5.3 million

Borrower company: 2 for $35.5 million

Top Ten Associated People:

Adam Scotto (2), Ajay Sarin (1), Luke Pak (1), Donald K. Secrest (1), Daniel Schmidt (1), Ran Eliasaf (1), Gregory C. Chisholm (1)

Recent activity as company:

CSC Coliving sold 300 W 30th Street, Chelsea, Manhattan for $5.3 million to Ajay Sarin on November 08, 2024.

CSC Coliving borrowed $30 million from Barclays for 111 Greenpoint Avenue, 115 Greenpoint Avenue, and 107 Greenpoint Avenue, Greenpoint, Brooklyn on May 03, 2024.

CSC Coliving borrowed $5.5 million from Barclays for 47 East 129th Street, East Harlem, Manhattan on October 24, 2023.

CSC Coliving borrowed $29.5 million from Valley National Bank for 41 East 129th Street, East Harlem, Manhattan on November 01, 2022.

CSC Coliving borrowed $207 million from Parkview Financial for 353 West 57th Street, 353 West 57th Street, and 353 West 57th Street, Hell’s Kitchen, Manhattan on June 15, 2022.

Montgomery Street Partners sold 353 West 57th Street, 353 West 57th Street, and 353 West 57th Street, Hell’s Kitchen, Manhattan for $164.5 million to CSC Coliving on June 15, 2022.

Eldridge and Cain International sold 353 West 57th Street, Hell’s Kitchen, Manhattan for $650,000 to CSC Coliving on June 15, 2022.

CSC Coliving borrowed $10 million from Barclays for 340 Clifton Place, Bedford-Stuyvesant, Brooklyn on February 14, 2022.

CSC Coliving borrowed $5 million from IceCap Group for 47 East 129th Street, East Harlem, Manhattan on January 28, 2022.

CSC Coliving borrowed $21 million from Northwind Group for 41 East 129th Street, Central Harlem, Manhattan on April 23, 2021.

Latest Stories:

• Smeke family’s CSC Coliving signs $30M refi with Barclays for three walkups in Greenpoint (May 06, 2024)

• CSC Coliving signs $29.5M initial loan with Valley National Bank for specialty in East Harlem (November 02, 2022)

• CSC Coliving signs $171M ground-lease in Hell’s Kitchen with Montgomery Street (June 16, 2022)

• Eldridge acquires Hudson NY hotel valued at $269M from SBE in deed in lieu of foreclosure (December 07, 2020)

• Alberto Smcke Saba borrows $10M from Readycap Commercial for rehabbed multifamily property in Bedford-Stuyvesant (July 17, 2020)

• Salomon and Alberto Smeke’s Salt Equities pays $29M to David Slaven’s Red Brick Properties for property in Greenpoint (January 02, 2020)

• Salomon and Alberto Smeke’s Salt Equities borrows $25M from Ready Capital for multifamily property in Greenpoint (January 02, 2020)

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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