Ekstein Development Group

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Ekstein Development Group portfolio

$38.7 million* – elevator 99.0%, None 0.0%; Queens 71.0%, Brooklyn 28.0%

1120th largest portfolio by dollar value

290,767 sqft – elevator 100.0%, None 0.0%;

916th largest by SF

6 properties – Queens 50%, Brooklyn 33%

1312th largest

386 residential units – Brooklyn 57.0%, Queens 42.0%

544th largest by residential units

Company Activity past 24 months:

Borrower company: 2 for $51.1 million

Top Ten Associated Companies:

Citibank (3), Santander Bank (1), Walker & Dunlop (1), JLL (1), Man Real Estate Debt Investments (1)

Top Ten Associated People:

Michael Corbett (1), William Marcus Duley (1), Alyssa D. Berquam (1)

Recent activity as company:

Ekstein Development Group borrowed $32.5 million from JLL for 44-80 11th Street and 10-44 44th Drive, Long Island City, Queens on November 27, 2023.

Ekstein Development Group borrowed $18.6 million from Walker & Dunlop for 46-09 11th Street, Long Island City, Queens on February 14, 2023.

Ekstein Development Group borrowed $48.8 million from Santander Bank for 1333 Broadway, Bushwick, Brooklyn on April 12, 2022.

Ekstein Development Group for Erik Ekstein filed plans for new building for 55,812 sqft in Bedford Stuyvesant, Brooklyn, on March 11, 2022.

Ekstein Development Group borrowed $9.1 million from Citibank for 1389 Broadway, Bushwick, Brooklyn on August 19, 2020.

Ekstein Development Group borrowed $45.5 million from Citibank for 1389 Broadway, Bushwick, Brooklyn on June 19, 2020.

Ekstein Development Group borrowed $16.9 million from Citibank for 1389 Broadway also known as 8 Palmetto Street, Bushwick, Brooklyn on May 06, 2020.

Ekstein Development Group borrowed $62 million from Man Real Estate Debt Investments for 30 East 31st Street, Nomad, Manhattan on December 31, 2019.

Latest Stories:

• Ekstein Development signs $48.8M construction loan with Santander for development in Bushwick (April 13, 2022)

• Ekstein Development adds $9M in debt for construction project in Bushwick (August 20, 2020)

• Ekstein Development borrows $45.5M from Citibank for residential construction in Bushwick (June 22, 2020)

• Ekstein Development borrows $17M from Citibank for new development in Bushwick (May 07, 2020)

• Ekstein Development Group borrows $62M from Man Real Estate for multifamily property in Nomad (January 02, 2020)

• Erik Ekstein’s E+T Development Group borrows $11M from S3 Capital for acqusition of vacant land in Bushwick (December 11, 2019)

• Erik Ekstein’s E+T Development Group pays $17M to Jeremy Markowitz’s Heritage Real Estate Partners for vacant property in Bushwick (December 10, 2019)

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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