EDRE Development

110 East 40th Street Street, New York, NY 10016

edredevelopment.com

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EDRE Development portfolio

$6.4 million* – B1 49%, B9 40%; Brooklyn 100%, Manhattan 0%

3375th largest portfolio by dollar value

12,335 sqft – E1 35%, B1 23%;

4963th largest by SF

7 properties – Brooklyn 100%, Manhattan 0%

1251th largest

4 residential units – Brooklyn 100%, Manhattan 0%

5673th largest by residential units

Company Activity past 24 months:

Buyer company: 3 for $12.7 million

Seller company: 1 for $2.8 million

Top Ten Associated Companies:

Cerbert S.J. Noonan (1), Verlene Spivey (1), Gerardino Morales (1), Rosalie Morales (1), Danielle Parker (1), Spruce Capital (1), Robert Loeffler (1), Empire Builders Group NY (1)

Top Ten Associated People:

Cerbert S.J. Noonan (1), Verlene Spivey (1), Rosalie Morales (1), Danielle Parker (1), Darren S. Berger (1), Tal Bloch (1)

Recent activity as company:

• EDRE Development sold 431 7th Avenue, South Slope, Brooklyn for $2.8 million to Empire Builders Group NY on October 31, 2024.

• Verlene Spivey sold 55 Douglass Street, Carroll Gardens, Brooklyn for $2.4 million to EDRE Development on July 25, 2024.

• Gerardino Morales, Rosalie Morales and Danielle Parker sold 371 Sackett Street, Carroll Gardens, Brooklyn for $2.6 million to EDRE Development on March 12, 2024.

• EDRE Development for Harel Edery filed plans for new building for 24,937 sqft in Williamsburg, Brooklyn, on November 29, 2023.

• Cerbert S.J. Noonan sold 50 South 2nd Street, 41R South 3rd Street, and N/A South 2nd Street, Williamsburg, Brooklyn for $7.6 million to EDRE Development on June 27, 2023.

• EDRE Development for Harel Edery filed plans for new building for 9,046 sqft in South Slope, Brooklyn, on June 27, 2022.

• EDRE Development borrowed $8 million from Spruce Capital for 102 North 1st Street, 106 North 1st Street, 111 Grand Street, 109 Grand Street, 105 Grand Street, and others, Williamsburg, Brooklyn on June 29, 2021.

• Robert Loeffler sold 102 North 1st Street, 106 North 1st Street, 111 Grand Street, 109 Grand Street, 105 Grand Street, and others, Williamsburg, Brooklyn for $13 million to EDRE Development on June 29, 2021.