Jay Group
People:
Jay Group portfolio
$20.8 million* – industrial 50%, office 29%; Brooklyn 81%, Manhattan 18%
1694th largest portfolio by dollar value
116,079 sqft – office 45%, industrial 33%;
1746th largest by SF
15 properties – Brooklyn 86%, Manhattan 13%
607th largest
1,144 residential units – Brooklyn 55%, Manhattan 44%
206th largest by residential units
0 foreclosures, 0 bankruptcies, 1 other court case.
Company Activity past 24 months:
Buyer company: 2 for $62.5 million
Borrower company: 8 for $559.4 million
Top Ten Associated Companies:
Speedway (5), Bank Hapoalim (3), Pearl Realty Management (2), G4 Capital Partners (2), Leser Group (1), Bank of Princeton (1), H.I.G. Capital (1), Cross River Bank (1), Bank of Montreal (1), Affinius Capital (1)
Top Ten Associated People:
Gregory S. Whitman (3), Beth A. Hunter (2), Alan Weiss (2), Abraham Leser (1), Michael Mestel (1), Ilana Druyan (1), David Kesselman (1), Michael S. Birajiclian (1), Brad Cohen (1), David Haley (1)
Recent activity as company:
• Jay Group for Jacob Kohn filed plans for new building for 80,709 sqft in Downtown Brooklyn, Brooklyn, on November 25, 2024.
• Jay Group for Abe Kohn filed plans for new building for 102,123 sqft in Downtown Brooklyn, Brooklyn, on September 17, 2024.
• Jay Group for Shimon Drummer filed plans for new building for 100,156 sqft in Downtown Brooklyn, Brooklyn, on September 17, 2024.
• Jay Group for Moshe Berger filed plans for new building for 91,522 sqft in Downtown Brooklyn, Brooklyn, on September 17, 2024.
• Jay Group for Yoel Kohn filed plans for new building for 82,545 sqft in Downtown Brooklyn, Brooklyn, on September 17, 2024.
• Jay Group borrowed $49.5 million from G4 Capital Partners for 147 Prince Street, 165 Willoughby Street, N/A Fleet Place, 275 Flatbush Avenue Ext, 155 Prince Street, and others, Downtown Brooklyn, Brooklyn on August 30, 2024.
• Pearl Realty Management sold 165 Willoughby Street and 275 Flatbush Avenue Ext, Downtown Brooklyn, Brooklyn for $12.5 million to Jay Group on August 30, 2024.
• Pearl Realty Management sold N/A Fleet Place, 102 Fleet Place, N/A Fleet Place, and N/A Fleet Place, Downtown Brooklyn, Brooklyn for $50 million to Jay Group on August 30, 2024.
• Jay Group borrowed $100 million from Affinius Capital for 101 Fleet Place, Downtown Brooklyn, Brooklyn on June 07, 2024.
• Jay Group, AB & Sons Group and Jacob Aini borrowed $117 million from Bank of Montreal for 620 West 153rd Street, Harlem, Manhattan on April 17, 2024.
Latest Stories:
• Ben-Josef Group Holdings signs $72M refi for office in Garment District (November 21, 2024)
• Jay Group files plans for 360 of 450 units at $75M Downtown Brooklyn site (September 19, 2024)
• Jay Group pays $75M to Pearl Realty for 405K sf dev site in Downtown Brooklyn (September 03, 2024)
• Jay Group signs $34.8M construction loan for 70-unit project in Greenpoint (April 17, 2023)
• Jay Group buys fifth Speedway gas station, this one in East Williamsburg for $9.8M (July 14, 2022)
Court Records:
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