Lightstone Group
299 Park Avenue, New York, NY 10171
1985 Cedarbridge Ave #1 Lakewood, NJ 0870
People:
Lightstone Group portfolio
$628.5 million* – condo 48.0%, elevator 30.0%; Manhattan 55.0%, Queens 24.0%
93th largest portfolio by dollar value
3,338,054 sqft – elevator 51.0%, condo 29.0%;
89th largest by SF
378 properties – Manhattan 91%, Bronx 5%
15th largest
2,631 residential units – Bronx 40.0%, Queens 23.0%
75th largest by residential units
2 foreclosures, 19 bankruptcies, 21 other court cases.
Company Activity past 24 months:
Borrower company: 10 for $1.1 billion
Lender company: 1 for $19.5 million
Top Ten Associated Companies:
Signature Bank (6), New York Community Bank (6), Sofia Einy (5), Goldman Sachs (2), Western Alliance Bank (2), Webster Bank (2), Apollo Global Management (2), JLL (2), Reznik Paz Nevo Trusts (2), AB Capstone (2)
Top Ten Associated People:
Elizabeth Arato (5), Armando Estrada (2), Yonatan Whitehouse (2), Hillel Lazarus (2), Meir Babaev (2), Noah Julius (1), Kim Carson (1), Eleizer Schwimmer (1), Moses Guttman (1), Irene Bogoni (1)
Recent activity as company:
• Lightstone Group borrowed $290.1 million from Reznik Paz Nevo Trusts for 485 7th Avenue and N/A West 36th Street, Garment District, Manhattan on February 04, 2025.
• Lightstone Group borrowed $86 million from Western Alliance Bank for 361 Bedford Avenue, Williamsburg, Brooklyn on April 23, 2024.
• Lightstone Group borrowed $168 million from JLL for 30-02 39th Avenue, 30-02 39th Avenue, and 30-02 39th Avenue, Long Island City, Queens on March 06, 2024.
• Lightstone Group borrowed $177.8 million from Reznik Paz Nevo Trusts for 105 West 28th Street, Chelsea, Manhattan on March 06, 2024.
• Lightstone Group borrowed $110 million from Apollo Global Management for 145-151 Bowery, Lower East Side, Manhattan on December 11, 2023.
• Lightstone Group borrowed $165.6 million from JLL for 365 Bond Street, Gowanus, Brooklyn on December 08, 2023.
• Maguire Capital Group borrowed $19.5 million from Lightstone Group for 3128 Emmons Avenue, 3126 Emmons Avenue, 3124 Emmons Avenue, 3130 Emmons Avenue, 3144 Emmons Avenue, and others, Sheepshead Bay, Brooklyn on October 23, 2023.
• Lightstone Group borrowed $32.5 million from Western Alliance Bank for 29-21 41st Avenue, Long Island City, Queens on June 08, 2023.
• Shamik Bafna borrowed $10.5 million from Patriot Bank for 38-27 30th Street, Long Island City, Queens on May 08, 2023.
• Lightstone Group borrowed $5 million from Webster Bank for 2151 Davidson Avenue, University Heights, Bronx on April 20, 2023.
Latest Stories:
• Lightstone Group ups debt to $290.1M at Moxy Times Square (February 05, 2025)
• 3 Garment District properties with $52M Lightstone loan, placed in bankruptcy (September 27, 2024)
• Lightstone Group signs $168M refi for 428-unit ARC rental in LIC (March 07, 2024)
• Lightstone Group signs $177.8M refi for Moxy hotel in Chelsea, up from $124M (March 07, 2024)
• Lightstone ups debt to $110M with Apollo for Moxy hotel in Lower East Side (December 12, 2023)
• Lightstone Group signs $165.6M refi with JLL for 429-unit rental in Gowanus (December 11, 2023)
Court Records:
Properties: