Lefrak
Lefrak portfolio
$1.6 billion – elevator 71%, office 25%; Manhattan 60%, Queens 34%
36th largest portfolio by dollar value
10,797,484 sqft – elevator 88%, office 9%;
22th largest by SF
62 properties – Queens 67%, Brooklyn 17%
95th largest
9,605 residential units – Queens 64%, Manhattan 26%
10th largest by residential units
0 foreclosures, 0 bankruptcies, 3 other court cases.
Company Activity past 24 months:
Buyer company: 0 for $0
Seller company: 4 for $71.5 million
Borrower company: 6 for $118.5 million
Lender company: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
A&E Real Estate Holdings (13), TD Bank (11), Iris Holdings Group (4), Wells Fargo (3), Metropolitan Commercial Bank (1), PGIM Real Estate (1), Equitable Financial Life Insurance Company (1), BankUnited (1), Spencer An (1), Citibank (1)
Top Ten Associated People:
Alex T. Bruce (13), Paul A. Kesicki (4), Marc Blumenfrucht (4), Dennis Graham (1), Justin Levitt (1), J. David Morris (1)
Latest Stories:
• LeFrak signs $23M refi with Equitable for apartment building in Sutton Place (August 26, 2024)
• LeFrak signs $75.5M refi loan with PGIM for retail in FiDi (July 23, 2024)
• LeFrak signs $20M refi with TD Bank for four buildings in LeFrak City (September 27, 2023)
• Shorewood ups Jackson Heights resi with grocery project to 164 units (November 28, 2022)
• A&E closes on $81.6M of expected $250M Brooklyn portfolio purchase from LeFrak (November 17, 2022)
• LeFrak signs $22.5M refi loan with M&T Bank for rental in Sutton Place (October 18, 2021)
Litigation: