GFP Real Estate

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GFP Real Estate portfolio

$1.2 billion* – office 95.0%, condo 3.0%; Manhattan 98.0%, Bronx 0.0%

54th largest portfolio by dollar value

5,428,212 sqft – office 93.0%, condo 4.0%;

55th largest by SF

46 properties – Manhattan 89%, Bronx 4%

208th largest

8 residential units – Manhattan 100.0%, Bronx 0.0%

4288th largest by residential units

0 foreclosures, 0 bankruptcies, 5 other court cases.

Company Activity past 24 months:

Buyer company: 3 for $194.5 million

Seller company: 4 for $86.4 million

Borrower company: 11 for $584.5 million

Top Ten Associated Companies:

Apple Bank for Savings (8), Fortress Investment Group (3), JPMorgan Chase (3), Brodsky Organization (2), GFP Real Estate (2), Sorgente Group (2), Capital One (1), Edge Funds (1), HSBC Alternative Investments (1), Apollo Global Management (1)

Top Ten Associated People:

Cynthia Wang (8), J. Dean Amro (2), Patricia Visone (1), Gary Siegel (1), Jeffrey Horowitz (1), Ursula Flores (1), Elliot Klein (1), Jennifer Smith (1), James E. Toney (1), Jeffrey R. Riemer (1)

Recent activity as company:

GFP Real Estate and TPG Real Estate Partners borrowed $222.8 million from BDT & MSD Partners for 222 Broadway, Financial District, Manhattan on January 14, 2025.

GFP Real Estate borrowed $50 million from Northwind Group for 40 Exchange Place, Financial District, Manhattan on January 10, 2025.

GFP Real Estate sold 119 West 57th Street, Midtown West, Manhattan for $27 million to Zar Property NY on December 05, 2024.

Brodsky Organization, GFP Real Estate and Sorgente Group borrowed $200 million from Tyko Capital for 175 Fifth Avenue, Flatiron District, Manhattan on November 01, 2024.

GFP Real Estate borrowed $7.7 million from Customers Bank for 416-422 West 45th Street, Hell’s Kitchen, Manhattan on September 10, 2024.

• DWS Group sold 222 Broadway, Financial District, Manhattan for $147.5 million to GFP Real Estate and TPG Real Estate Partners on April 25, 2024.

Brodsky Organization, GFP Real Estate and Sorgente Group borrowed $30 million from Apple Bank for Savings for 171 5th Avenue, Flatiron District, Manhattan on December 01, 2023.

Brodsky Organization, GFP Real Estate and Sorgente Group borrowed $30 million from Apple Bank for Savings for 175 Fifth Avenue, Flatiron District, Manhattan on November 09, 2023.

GFP Real Estate, Nathan Silverstein, Gregg Schenker and Sorgente Group sold 175 Fifth Avenue, Flatiron District, Manhattan for $6.7 million to Brodsky Organization, GFP Real Estate and Sorgente Group on November 09, 2023.

GFP Real Estate, Nathan Silverstein, Gregg Schenker and Sorgente Group sold 175 Fifth Avenue, Flatiron District, Manhattan for $40.2 million to Brodsky Organization, GFP Real Estate and Sorgente Group on November 09, 2023.

Latest Stories:

• GFP, TPG sign $222.8M construction loan with BDT & MSD Partners for 798-unit conversion in FiDi (January 15, 2025)

• Zar Property signs $36M loan for recent purchases in Midtown West, Flatiron (December 16, 2024)

• Zar Property NY pays $27M to GFP for office in Midtown West (December 06, 2024)

• Brodsky, GFP, Sorgente sign $200M construction loan with Tyko for Flatiron conversion (November 04, 2024)

• Brodsky, GFP, Sorgente plan 39 condo units in Flatiron Building (September 06, 2024)

• GFP, TPG submit plans for 798-unit conversion of FiDi commercial tower (August 12, 2024)

• GFP, TPG pay $147.5M to DWS Group for office building in FiDi for resi conversion (April 26, 2024)

• Ground lessor of SoHo office, retail building signs $54M refi with Apple Bank (April 19, 2024)

• Brodsky, Sorgente, GFP, record $47M buyout of former Flatiron Building partners (November 10, 2023)

• Project Renewal pays $12.5M to GFP for office condo in Hudson Square (May 10, 2023)

Court Records:

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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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