Maverick Real Estate Partners

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Maverick Real Estate Partners portfolio

$30.9 million* – hotel 49%, retail 27%; Manhattan 76%, Queens 16%

1301th largest portfolio by dollar value

214,538 sqft – hotel 72%, elevator 11%;

1138th largest by SF

6 properties – Manhattan 33%, Brooklyn 33%

1319th largest

43 residential units – Queens 58%, Brooklyn 41%

2330th largest by residential units

37 foreclosures, 2 bankruptcies, 27 other court cases.

Company Activity past 24 months:

Buyer company: 3 for $115.9 million

Seller company: 5 for $13.6 million

Lender company: 10 for $3.9 million

Top Ten Associated Companies:

All Year Management (3), Chetrit Group (2), Comjem Associates (2), Thor Equities (2), Aron Rosenberg (2), J&C International Group (1), Bradley Joseph (1), Shepard Ellenberg (1), Anthony Lolli (1), Herman Epstein (1)

Top Ten Associated People:

Bradley Joseph (1), Lawrence Linksman (1), Elizabeth Chery (1), Nechemia Weinberger (1), Phillip Miller (1), Jane Weng (1), Richard Shiu (1), Joseph Freund (1), Bert Baradarian (1), Michael M. Wittow (1)

Recent activity as company:

Thor Equities sold 446 West 14th Street, Meatpacking District, Manhattan for $5 million to Maverick Real Estate Partners on December 03, 2024.

• Russell Abrams and Sandra Piedrabuena borrowed $0 from Maverick Real Estate Partners for 45 West 70th Street, Lincoln Square, Manhattan on August 15, 2024.

Maverick Real Estate Partners sold 120 Evergreen Avenue, Bushwick, Brooklyn for $3.2 million to Michael M. Wittow on July 30, 2024.

David Brecher borrowed $0 from Maverick Real Estate Partners for 128 Van Brunt Street and 130 Van Brunt Street, Red Hook, Brooklyn on February 23, 2024.

• Soheil Darvish and Mehrdad Kahan borrowed $0 from Maverick Real Estate Partners for 96-01 Jamaica Avenue, N/A 96th Street, and N/A 96th Street, Woodhaven, Queens on February 23, 2024.

Himmel + Meringoff Properties borrowed $0 from Maverick Real Estate Partners for 6 East 32nd Street, Park Avenue South, Manhattan on February 23, 2024.

AB & Sons borrowed $0 from Maverick Real Estate Partners for 447 Broadway, SoHo, Manhattan on February 23, 2024.

Hilson Management borrowed $0 from Maverick Real Estate Partners for 386 5th Avenue, Garment District, Manhattan on February 23, 2024.

Jem Realty Management borrowed $0 from Maverick Real Estate Partners for 2488 Grand Concourse, Fordham Heights, Bronx on February 23, 2024.

Comjem Associates borrowed $0 from Maverick Real Estate Partners for 167 West 48th Street, Midtown West, Manhattan on February 23, 2024.

Latest Stories:

• Maverick acquires in auction Thor’s Meatpacking retail with $27M judgment (November 17, 2024)

• Maverick by auction acquires Steven Croman’s Kips Bay rentals with $43M judgment (November 17, 2024)

• Croman Kips Bay rentals with $34M debt set for auction following bankruptcy (November 01, 2024)

• 3 Garment District properties with $52M Lightstone loan, placed in bankruptcy (September 27, 2024)

• Maverick buys $7.2M note secured by highly litigated Lincoln Square townhouse (August 16, 2024)

• Schwalbes buys out Berkos in Garment District building for $25.1M, partners there since 1970 (June 28, 2024)

• Yong Hong Guan pays $15M to Morgenstern Capital for 18-unit rental in Williamsburg (May 31, 2024)

• Lightstone Group battles borrowers of $52M Garment District loan over tenant payments (May 24, 2024)

• Maverick buys 8 former Signature Bank notes totaling $247.25M secured by NYC properties (February 26, 2024)

• Marshall Kesten pays $11.5M for industrial in Long Island City (January 25, 2024)

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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