GDC Properties

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GDC Properties portfolio

$168.5 million* – B1 51.0%, elevator 48.0%; Queens 51.0%, Brooklyn 48.0%

357th largest portfolio by dollar value

441,958 sqft – elevator 68.0%, B1 31.0%;

678th largest by SF

48 properties – Queens 79%, Brooklyn 20%

200th largest

329 residential units – Brooklyn 76.0%, Queens 23.0%

611th largest by residential units

Company Activity past 24 months:

Borrower company: 1 for $12.5 million

Top Ten Associated Companies:

Sterling National Bank (2), KeyBank (2), Mavik Capital Management (1), Webster Bank (1), Century Development Group (1), JPMorgan Chase (1)

Top Ten Associated People:

John Vitale (3), Sherry Witt (1), Gregory Pinkus (1), Peter Rand (1), George Xu (1)

Recent activity as company:

• GDC Properties borrowed $12.5 million from Webster Bank for 625 Driggs Avenue, 625 Driggs Avenue, 625 Driggs Avenue, 625 Driggs Avenue, 625 Driggs Avenue, and others, Williamsburg, Brooklyn on April 23, 2024.

• GDC Properties borrowed $11.5 million from KeyBank for 625 Driggs Avenue, 625 Driggs Avenue, 625 Driggs Avenue, 625 Driggs Avenue, 625 Driggs Avenue, and others, Williamsburg, Brooklyn on November 04, 2022.

• Mavik Capital Management sold 625 Driggs Avenue, 625 Driggs Avenue, 625 Driggs Avenue, 625 Driggs Avenue, 625 Driggs Avenue, and others, Williamsburg, Brooklyn for $21.4 million to GDC Properties on September 30, 2022.

• GDC Properties borrowed $17.7 million from KeyBank for 305 Mcguinness Boulevard, Greenpoint, Brooklyn on March 28, 2022.

• GDC Properties borrowed $26.8 million from Sterling National Bank for 385 Union Avenue, Williamsburg, Brooklyn on February 02, 2022.

• GDC Properties borrowed $13.5 million from Sterling National Bank for 70-74 South 4th Street, 74 South 4th Street, and 72-74 South 4th Street, Williamsburg, Brooklyn on February 02, 2022.

• GDC Properties borrowed $77.9 million from JPMorgan Chase for 11-21A 46th Avenue, 11-21 46th Avenue, 11-19A 46th Avenue, 11-19 46th Avenue, 11-17A 46th Avenue, and others, Hunters Point/Long Island City, Queens on October 20, 2021.

• GDC Properties sold 11-36 45th Road, 11-21A 46th Avenue, 11-21 46th Avenue, 11-19A 46th Avenue, 11-19 46th Avenue, and others, Long Island City, Queens for $1.4 million to Century Development Group on March 01, 2021.