Lightstone Group
Lender
299 Park Avenue, New York, NY 10171
1985 Cedarbridge Ave #1 Lakewood, NJ 0870
People:
Lightstone Group NYC portfolio
$2.4 billion -condo 38%, elevator 29%, hotel 26%; Manhattan 59%, Queens 18%, Brooklyn 13%*
89th largest portfolio by dollar value
4,008,777 sqft – elevator 46%, condo 24%, hotel 12%; Manhattan 34%, Queens 30%, Bronx 26%
106th largest by SF
50 properties – Manhattan 91%, Bronx 5%, Queens 2%
179th largest
3,182 residential units – Bronx 33%, Queens 31%, Manhattan 21%
86th largest by residential units
2 foreclosures, 19 bankruptcies, 55 other court cases.
Company Activity past 24 months:
Buyer company: 4 for $129.8 million
Seller company: 3 for $91.7 million
Borrower company: 7 for $502.6 million
Lender company: 3 for $81 million
Developer (new building or major alteration): 1 for 332,498 square feet
Top Ten Associated Companies:
Signature Bank (6), New York Community Bank (6), JLL (4), Apollo Global Management (3), Reznik Paz Nevo Trusts (2), Western Alliance Bank (2), Webster Bank (2), Goldman Sachs (2), Sofia Einy (2), Banco Inbursa (2)
Top Ten Associated People:
Elizabeth Arato (5), Hillel Lazarus (2), Armando Estrada (2), Yonatan Whitehouse (2), Ben Beitel (2), Omar Lopez (2), Jeffrey Horowitz (1), Michael Lotito (1), Jared Coven (1), Albert Rabizadeh (1)
Recent activity as company:
• Flagg Family Capital borrowed $7.5 million from Lightstone Group for 597 Broadway and 597 Broadway, SoHo, Manhattan on September 09, 2026.
• Pinnacle Group sold 335 West 96 Street for $30 million to Lightstone Group on August 12, 2026.
• Pinnacle Group ground leased 335 West 96 Street valued at $58 million to Lightstone Group on August 12, 2026.
• Lightstone Group borrowed $65 million from Lightstone Group for 335 West 96 Street on August 12, 2026.
• Maguire Capital Group borrowed $11.2 million from Northeast Bank for 3128 Emmons Avenue, 3126 Emmons Avenue, 3130 Emmons Avenue, 3132 Emmons Avenue, 3144 Emmons Avenue, 3144 Emmons Avenue, 3144 Emmons Avenue, 3144 Emmons Avenue, 3144 Emmons Avenue, 3122 Emmons Avenue, 3118A Emmons Avenue, 3136 Emmons Avenue, 3136A Emmons Avenue, 3144 Emmons Avenue, 3144 Emmons Avenue, 3116A Emmons Avenue, 3116 Emmons Avenue, 3140 Emmons Avenue, 3138A Emmons Avenue, 3138 Emmons Avenue, and others, Sheepshead Bay, Brooklyn on April 24, 2026.
• R&B Realty Group sold 32 West 39th Street, 32 West 39th Street, 32 West 39th Street, 32 West 39th Street, 32 West 39th Street, 32 West 39th Street, and 32 West 39th Street, Grand Central, Manhattan for $14.6 million to Lightstone Group on April 23, 2026.
• Lightstone Group borrowed $19.2 million from JLL for 319 West 99 Street on April 20, 2026.
• Lightstone Group borrowed $17.6 million from JLL for 311 West 99 Street on April 20, 2026.
• AB Capstone sold 34-27 45 Street for $27.2 million to Lightstone Group on March 13, 2026.
• Empire Management borrowed $8.5 million from Lightstone Group for 149-02 95 Avenue on December 29, 2025.
• Lightstone Group sold 485 7th Avenue and 485 7th Avenue, Garment District, Manhattan for $7.7 million to Global Asset Properties on October 31, 2025.
• Lightstone Group borrowed $28.8 million from Arbor Realty Trust for 269 West 94 Street on October 20, 2025.
• Lightstone Group borrowed $14.7 million from Apollo Global Management for 151 Bowery on August 15, 2025.
• Lightstone Group sold 355 Exterior Street for $40.6 million to Beitel Group on July 18, 2025.
• Lightstone Group sold 355 Exterior Street for $43.4 million to Beitel Group on July 18, 2025.
• 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 January 29, 2025.
• Lightstone Group borrowed $67.2 million from Apollo Global Management for 50-01 2 Street on January 28, 2025.
• Lightstone Group borrowed $86 million from Western Alliance Bank for 361 Bedford Avenue on April 19, 2024.
• Lightstone Group borrowed $177.8 million from Reznik Paz Nevo Trusts for 105 West 28 Street on February 29, 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 February 29, 2024.
Latest Stories:
• Lightstone in contract to pay Pinnacle $88M for control of 172-unit UWS rental (July 30, 2026)
• Beitel Group signs $298.4M refi with Barings for 710-unit rental in Mott Haven (July 13, 2026)
• Lightstone Group acquires office condos in Midtown for $14.6M through bankruptcy (May 15, 2026)
• Lightstone Group signs $19.2M refi with JLL for 34-unit UWS rental (May 11, 2026)
• Lightstone Group signs $17.6M refi with JLL for 46-unit UWS rental (May 07, 2026)
• Leon Hedvat pays $3.5M for retail condos in Grand Central through bankruptcy (April 28, 2026)
• Joey Arakanchi pays $15.7M for office in Garment District through bankruptcy (April 28, 2026)
Court Records:
Properties:
