GP Properties

GP Properties portfolio

$40 million* – walkup 51%, elevator 48%; Manhattan 90%, Brooklyn 9%

1095th largest portfolio by dollar value

210,794 sqft – walkup 64%, elevator 35%;

1158th largest by SF

15 properties – Manhattan 86%, Brooklyn 13%

598th largest

292 residential units – Manhattan 88%, Brooklyn 11%

658th largest by residential units

Company Activity past 24 months:

Borrower company: 1 for $17.7 million

Top Ten Associated Companies:

Melohn Properties (1), First Horizon Bank (1), KeyBank (1), Bridge Investment Group (1), New York Community Bank (1)

Top Ten Associated People:

Barry Goldberg (1), Kelly Blodgett (1)

Recent activity as company:

GP Properties borrowed $17.7 million from KeyBank for 27 Broadway Terrace, 1 Broadway Terrace, 14 Broadway Terrace, 16 Broadway Terrace, 20 Broadway Terrace, and others, Washington Heights, Manhattan on June 08, 2023.

GP Properties borrowed $18 million from First Horizon Bank for 105 West 55th Street, Midtown West, Manhattan on March 30, 2022.

• Melohn Properties sold 105 West 55th Street, Midtown West, Manhattan for $32 million to GP Properties on March 30, 2022.

GP Properties borrowed $9.8 million from New York Community Bank for 102 Convent Avenue, Harlem, Manhattan on September 29, 2021.

GP Properties borrowed $8.5 million from Bridge Investment Group for 102 Convent Avenue, West Harlem, Manhattan on September 12, 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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