Meridian Properties

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Meridian Properties portfolio

$238.4 million* – elevator 52%, walkup 45%; Brooklyn 100%, Manhattan 0%

260th largest portfolio by dollar value

3,720,356 sqft – elevator 61%, walkup 37%;

77th largest by SF

114 properties – Brooklyn 100%, Manhattan 0%

71th largest

3,897 residential units – Brooklyn 100%, Manhattan 0%

43th largest by residential units

Company Activity past 24 months:

Buyer company: 4 for $17.7 million

Borrower company: 8 for $81.4 million

Top Ten Associated Companies:

Signature Bank (7), Dime Community Bank (4), Berkadia Commercial Mortgage (3), Barberry Rose Management Company (2), Jacob Landau (2), Esquire Bank (2), Richard A. Kaplin (2), M. Milo Mandel (1), Chaim Mendel Landau (1), John Vorvolakos (1)

Top Ten Associated People:

Michael Riegler (3), Richard A. Kaplin (3), Lewis M. Barbanel (2), Jacob Landau (2), Linda Kershaw (2), Steven Dorritie (2), Daniel Rothman (1), Chaim Mendel Landau (1), John Vorvolakos (1), Nicholas Arsenis (1)

Recent activity as company:

• Flagstar Bank sold 8010 5th Avenue, Bay Ridge, Brooklyn for $2.6 million to Meridian Properties on January 21, 2025.

• Osman Semen sold 7920 19th Avenue, Bensonhurst, Brooklyn for $6 million to Meridian Properties on September 20, 2024.

• Meridian Properties borrowed $6.2 million from Berkadia Commercial Mortgage for 392 St Johns Place, Prospect Heights, Brooklyn on January 03, 2024.

• Meridian Properties borrowed $7.7 million from Berkadia Commercial Mortgage for 1281 Union Street, Crown Heights, Brooklyn on December 28, 2023.

• Meridian Properties borrowed $7.4 million from Berkadia Commercial Mortgage for 395 St Johns Place, 391 St Johns Place, and 399 St Johns Place, Prospect Heights, Brooklyn on December 28, 2023.

• Meridian Properties borrowed $5.2 million from Esquire Bank for 170 Parkside Avenue, Flatbush, Brooklyn on September 28, 2023.

• Meridian Properties borrowed $28.9 million from Dime Community Bank for 160 Parkside Avenue, Flatbush, Brooklyn on September 28, 2023.

• Meridian Properties borrowed $10.5 million from Esquire Bank for 115 Lincoln Road, Prospect Lefferts Gardens, Brooklyn on September 26, 2023.

• Meridian Properties borrowed $5.3 million from Dime Community Bank for 295 Maple Street and 288 Maple Street, Prospect Lefferts Gardens, Brooklyn on September 20, 2023.

• Barberry Rose Management Company sold 288 Maple Street, Prospect Lefferts Gardens, Brooklyn for $4.3 million to Meridian Properties on May 26, 2023.