Davis Companies

Davis Companies portfolio

$11.8 million* – industrial 63%, development 36%; Queens 63%, Manhattan 36%

2404th largest portfolio by dollar value

183,612 sqft – industrial 82%, F9 17%;

1297th largest by SF

5 properties – Manhattan 80%, Queens 20%

1597th largest

93 residential units – Manhattan 100%, Bronx 0%

1488th largest by residential units

Company Activity past 24 months:

Buyer company: 2 for $47.5 million

Seller company: 1 for $24.1 million

Borrower company: 1 for $33.4 million

Top Ten Associated People:

Daniel Kasell (1), William Matthews (1), Yitzchok Katz (1), Moustafa Elsheshtawy (1), Michael C. Fox (1), Abraham Moshel (1)

Recent activity as company:

Davis Companies borrowed $33.4 million from First-Citizens Bank & Trust Company for 1975 Madison Avenue, East Harlem, Manhattan on December 21, 2023.

Jacob Schwimmer borrowed $63 million from Valley National Bank for 540 Atlantic Avenue, Boerum Hill, Brooklyn on December 06, 2023.

RoundSquare Development and Azimuth Development Group sold 1971 Madison Avenue and 45 East 126th Street, East Harlem, Manhattan for $12 million to Davis Companies on July 28, 2023.

Lonicera Partners sold 55 Willoughby Street, Downtown Brooklyn, Brooklyn for $35.4 million to Davis Companies and Lonicera Partners on June 06, 2023.

Davis Companies sold 570 Fulton Street, Fort Greene, Brooklyn for $24.1 million to Yitzchok Katz on February 15, 2023.

Gus Papadimitriou borrowed $0 from Davis Companies for 540 Atlantic Avenue, Boerum Hill, Brooklyn on November 07, 2022.

Lonicera Partners, Orange Management and Davis Companies sold 76 Schermerhorn Street and 76 Schermerhorn Street, Brooklyn Heights, Brooklyn for $2.9 million to Moustafa Elsheshtawy on October 06, 2022.

Davis Companies borrowed $33.3 million from City National Bank for 58-30 Grand Avenue, Maspeth, Queens on May 13, 2022.

Square Mile Capital Management and Innovo sold 58-30 Grand Avenue, Maspeth, Queens for $51.2 million to Davis Companies on May 13, 2022.

Davis Companies borrowed $84.4 million from Santander Bank for 165 West 29th Street and 155 West 29th Street, Chelsea, Manhattan on July 20, 2021.

Latest Stories:

• Davis Companies signs $33.4M construction loan with First-Citizens for dev site in East Harlem (December 22, 2023)

• Jacob Schwimmer signs $63M construction loan for 159-unit project in Boerum Hill (December 07, 2023)

• Jacob Schwimmer pays $38M for office in Boerum Hill, possible dev site (December 06, 2023)

• Davis Companies pays $12M for dev site in East Harlem (July 31, 2023)

• Lonicera Partners signs $128M construction loan for 290-unit project in Downtown Brooklyn (June 08, 2023)

• Davis Companies acquires $35M stake in 290-unit Lonicera project in Downtown Brooklyn (June 07, 2023)

• Yitzchok Katz pays $24.1M to Davis Companies for 123-unit dev site in Fort Greene (February 16, 2023)

• Davis Companies buys $21.6M note secured by office building in Boerum Hill (November 08, 2022)

• Buyer pays $2.9M to Lonicera, Orange, Davis for commercial condo in Brooklyn Heights (October 07, 2022)

• Trans World Equities is new lender for $37M loan given to Lonicera Partners to buy Downtown Brooklyn site (August 12, 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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