MAG Partners

MAG Partners portfolio

$22 million* – A4 46.0%, walkup 29.0%; Manhattan 100.0%, Bronx 0.0%

1644th largest portfolio by dollar value

29,822 sqft – walkup 45%, mixed-use 32%;

3625th largest by SF

8 properties – Manhattan 100%, Bronx 0%

1051th largest

6 residential units – Manhattan 100%, Bronx 0%

4856th largest by residential units

Company Activity past 24 months:

Borrower company: 3 for $313.8 million

Top Ten Associated Companies:

Bank OZK (2), Emerald Creek Capital (2), Madison Realty Capital (2), Georgetown Partners (1), Mutual Redevelopment Houses (1), Elliott Investment Management (1), Tree of Life Fellowship (1)

Top Ten Associated People:

Mark H. Lundy (1), Mark Bahiri (1), Ambur Nicosia (1), Elliot Greenberg (1), Mayer Rabinowitz (1)

Recent activity as company:

• MAG Partners borrowed $73.8 million from Bank OZK for 341 8th Avenue, Chelsea, Manhattan on January 04, 2024.

• MAG Partners borrowed $95 million from Bank OZK for 300 East 50th Street, Turtle Bay, Manhattan on December 04, 2023.

• MAG Partners borrowed $145 million from Elliott Investment Management for 241-251 West 28th Street, Chelsea, Manhattan on June 30, 2023.

• Mutual Redevelopment Houses sold 341 8th Avenue, Chelsea, Manhattan for $63.8 million to MAG Partners on January 06, 2023.

• Krown Point Capital and MAG Partners borrowed $9 million from Emerald Creek Capital for 306 East 50th Street, Turtle Bay, Manhattan on December 05, 2022.

• Tree of Life Fellowship sold 306 East 50th Street, Turtle Bay, Manhattan for $5.2 million to Krown Point Capital and MAG Partners on February 04, 2022.

• Georgetown Partners sold 300 East 50th Street, 928 2nd Avenue, 930 2nd Avenue, 932 2nd Avenue, and 308 East 50th Street, Turtle Bay, Manhattan for $4.5 million to MAG Partners and Krown Point Capital on January 31, 2022.

• MAG Partners and Krown Point Capital borrowed $33 million from Emerald Creek Capital for 300 East 50th Street, 932 2nd Avenue, and 308 East 50th Street, Turtle Bay, Manhattan on January 31, 2022.

• MAG Partners borrowed $137.5 million from Madison Realty Capital for 241 West 28th Street, Chelsea, Manhattan on January 26, 2022.

• MAG Partners for Susi Yu filed plans for new building for 134,085 sqft in Chelsea, Manhattan, on October 27, 2021.