Macklowe Properties

Macklowe Properties portfolio

$244.7 million* – condo 93.0%, office 3.0%; Manhattan 100.0%, Bronx 0.0%

252th largest portfolio by dollar value

1,111,031 sqft – condo 95.0%, P8 1.0%;

315th largest by SF

482 properties – Manhattan 100%, Bronx 0%

11th largest

590 residential units – Manhattan 100.0%, Bronx 0.0%

375th largest by residential units

0 foreclosures, 0 bankruptcies, 3 other court cases.

Company Activity past 24 months:

Borrower company: 2 for $679.5 million

Top Ten Associated Companies:

Fortress Investment Group (6), Emerald Creek Capital (1), Deutsche Bank (1), Thinly Sliced Lox LLC (1)

Top Ten Associated People:

Mark Penna (1), Joshua Frank (1), David Addison (1)

Recent activity as company:

Macklowe Properties borrowed $664.5 million from Deutsche Bank for 1 Wall Street, 1 Wall Street, 1 Wall Street, 1 Wall Street, 1 Wall Street, and others, Financial District, Manhattan on September 29, 2023.

Macklowe Properties borrowed $15 million from Emerald Creek Capital for 12 East 52nd Street and 17 East 47th Street, Midtown East, Manhattan on March 03, 2023.

Macklowe Properties borrowed $39.2 million from Fortress Investment Group for 12 East 52nd Street, 17 East 47th Street, and 5 East 51st Street, Midtown East, Manhattan on April 21, 2022.

Macklowe Properties borrowed $7.7 million from Fortress Investment Group for 5 East 51st Street, 17 East 47th Street, and 12 East 52nd Street, Midtown, Manhattan on October 20, 2021.

Macklowe Properties borrowed $5.9 million from Fortress Investment Group for 5 East 51st Street, 17 East 47th Street, and 12 East 52nd Street, Plaza District, Manhattan on June 29, 2021.

Macklowe Properties borrowed $5.4 million from Fortress Investment Group for 5 East 51st Street, 17 East 47th Street, 12 East 52nd Street, Plaza District, Manhattan on October 21, 2020.

Macklowe Properties sold 310 East 53rd Street, Midtown East, Manhattan for $2.2 million to Thinly Sliced Lox LLC on July 20, 2020.

Macklowe Properties borrowed $191.8 million from Fortress Investment Group for 5 East 51st Street, 17 East 47th Street, 12 East 52nd Street, Plaza District, Manhattan on October 03, 2019.

Macklowe Properties borrowed $16.8 million from Fortress Investment Group for 12 East 52 Street, Plaza District, Manhattan on August 12, 2019.

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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