Friedland Properties

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Friedland Properties portfolio

$301.4 million – elevator 64%, walkup 16%; Manhattan 100%, Bronx 0%

195th largest portfolio by dollar value

663,210 sqft – elevator 84%, mixed-use 5%;

476th largest by SF

13 properties – Manhattan 100%, Bronx 0%

144th largest

503 residential units – Manhattan 100%, Bronx 0%

371th largest by residential units

0 foreclosures, 0 bankruptcies, 4 other court cases.

Company Activity past 24 months:

Buyer company: 2 for $46.2 million

Seller company: 0 for $0

Borrower company: 1 for $15 million

Lender company: 0 for $0

Developer (new building or major alteration): 0 for 0 square feet

Top Ten Associated Companies:

Alder Street Capital Partners (1), M&T Bank (1), Cathay Bank (1), David F. Bush (1), Duell family (1), SL Green Realty (1)

Top Ten Associated People:

David Neveloff (1), Nicholas J. Nouvel (1), David F. Bush (1), Alexander McMahon (1), Andrew S. Levine (1)

Latest Stories:

• Friedland Properties pays $36M to Duell family for Madison Ave retail in Lenox Hill (September 27, 2024)

• Argent Ventures sells minority stake in Crowne Plaza hotel building in Times Square for $53.3M (August 16, 2024)

• Friedland Properties pays $10.2M to long-time owner for 74-unit rental in Washington Heights (November 17, 2023)

• Argent Ventures pays $17.2M to Riese for last portion of fee in bankrupt Times Square hotel it did not own (January 06, 2023)

• Argent, Vornado break Times Square hotel deadlock with bankruptcy plan, $419M in senior debt (December 29, 2022)

• Alder Street pays $6.5M to Friedland Properties for industrial building in Harlem (January 17, 2022)

• SL Green pays $121M to Friedland for portion of fee under Vornado’s Crowne Plaza Times Square (October 01, 2021)

• Argent borrows from H&R REIT to buy $195M note on Vornado Times Square hotel (January 15, 2021)

• FRIEDLAND PROPERTIES obtained financing of $84M from MANUFACTURERS AND TRADERS TRUST COMPANY (July 15, 2019)

Litigation:

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Properties:

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