LeFrak

(LeFrak Organization)

40 West 57th St, New York, NY 10019

People:

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LeFrak portfolio

$1.6 billion* – elevator 71%, office 25%; Manhattan 60%, Queens 34%

37th largest portfolio by dollar value

10,797,484 sqft – elevator 88%, office 9%;

23th largest by SF

62 properties – Queens 67%, Brooklyn 17%

152th 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:

Seller company: 4 for $71.5 million

Borrower company: 6 for $118.5 million

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)

Recent activity as company:

• LeFrak borrowed $23 million from Equitable Financial Life Insurance Company for 417 East 57th Street, Sutton Place, Manhattan on August 23, 2024.

• LeFrak borrowed $75.5 million from PGIM Real Estate for 180 Broadway, Financial District, Manhattan on July 22, 2024.

• LeFrak sold 44-15 Colden Street, Flushing, Queens for $19.5 million to Iris Holdings Group on July 03, 2024.

• LeFrak sold 45-15 Colden Street, Flushing, Queens for $20.9 million to Iris Holdings Group on July 03, 2024.

• LeFrak sold 44-35 Colden Street, Flushing, Queens for $10 million to Iris Holdings Group on July 03, 2024.

• LeFrak sold 137-20 45th Avenue, Flushing, Queens for $21.1 million to Iris Holdings Group on July 03, 2024.

• LeFrak borrowed $5 million from TD Bank for 98-25 Horace Harding Expwy, Corona, Queens on September 26, 2023.

• LeFrak borrowed $5 million from TD Bank for 98-23 Horace Harding Expre, Corona, Queens on September 26, 2023.

• LeFrak borrowed $5 million from TD Bank for 98-17 Hor Harding Ep Sr N, Corona, Queens on September 26, 2023.

• LeFrak borrowed $5 million from TD Bank for 98-15 Horace Harding Expwy, Corona, Queens on September 26, 2023.

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)

• Marc Blumenfrucht’s Iris Holdings pays LeFrak $71.5M for 4 Flushing rentals it built in 1960s (July 05, 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 pays $97.7M to LeFrak for 6 properties with 444 units in Gravesend, Sheepshead Bay, part of $250M portfolio (November 21, 2022)

• A&E pays $54.5M to LeFrak for 4 rentals in Gravesend, Sheepshead Bay, part of $250M portfolio (November 18, 2022)

• A&E closes on $81.6M of expected $250M Brooklyn portfolio purchase from LeFrak (November 17, 2022)

• LeFrak signs $19M refi with Metropolitan Commercial for two elevator buildings in Corona (February 03, 2022)

• LeFrak signs $22.5M refi loan with M&T Bank for rental in Sutton Place (October 18, 2021)

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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