Krown Point Capital

People:

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Krown Point Capital portfolio

$15.5 million* – A4 66%, mixed-use 33%; Manhattan 100%, Bronx 0%

2054th largest portfolio by dollar value

16,249 sqft – mixed-use 59%, A4 40%;

4527th largest by SF

4 properties – Manhattan 100%, Bronx 0%

1884th largest

6 residential units – Manhattan 100%, Bronx 0%

4859th largest by residential units

Top Ten Associated Companies:

Emerald Creek Capital (2), Georgetown Partners (1), Tree of Life Fellowship (1)

Top Ten Associated People:

Mark H. Lundy (1), Mark Bahiri (1), Mayer Rabinowitz (1)

Recent activity as company:

Krown Point Capital and MAG Partners borrowed $9 million from Emerald Creek Capital for 306 East 50th Street, Turtle Bay, Manhattan on December 05, 2022.

Tree of Life Fellowship sold 306 East 50th Street, Turtle Bay, Manhattan for $5.2 million to Krown Point Capital and MAG Partners on February 04, 2022.

Georgetown Partners sold 300 East 50th Street, 928 2nd Avenue, 930 2nd Avenue, 932 2nd Avenue, and 308 East 50th Street, Turtle Bay, Manhattan for $4.5 million to MAG Partners and Krown Point Capital on January 31, 2022.

MAG Partners and Krown Point Capital borrowed $33 million from Emerald Creek Capital for 300 East 50th Street, 932 2nd Avenue, and 308 East 50th Street, Turtle Bay, Manhattan on January 31, 2022.

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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