Midtown Equities

Midtown Equities portfolio

$107 million* – specialty 45%, office 32%; Manhattan 83%, Brooklyn 16%

537th largest portfolio by dollar value

500,747 sqft – office 36%, specialty 31%;

611th largest by SF

6 properties – Manhattan 83%, Brooklyn 16%

1293th largest

121 residential units – Brooklyn 100%, Manhattan 0%

1258th largest by residential units

0 foreclosures, 0 bankruptcies, 1 other court case.

Company Activity past 24 months:

Buyer company: 1 for $18 million

Seller company: 2 for $9.4 million

Borrower company: 5 for $316.8 million

Lender company: 1 for $5 million

Top Ten Associated Companies:

ACORE Capital (2), Webster Bank (2), Deutsche Pfandbriefbank (2), Signature Bank (1), Zev Marmurstein (1), Citibank (1), JPMorgan Chase (1), Argentic Investment Management (1), Landau Properties (1), Peggy Hung Chun Ma (1)

Top Ten Associated People:

Kenneth A. Stagnari (1), David Homsher (1), Adam Brenner (1), Zev Marmurstein (1), Nelson Ornelas (1), Vincent Clauss (1), Sarah Kraft (1), Jonathan Misher (1), Jessica Wong (1), Ryan Supple (1)

Recent activity as company:

• Double U Realty borrowed $5 million from Midtown Equities for 135 Kent Avenue, Williamsburg, Brooklyn on January 09, 2025.

• Albir Allahham and Midtown Equities borrowed $11.7 million from Webster Bank for 40 Broad Street, 40 Broad Street, and 40 Broad Street, Financial District, Manhattan on July 18, 2024.

• Zev Marmurstein sold 40 Broad Street, 40 Broad Street, and 40 Broad Street, Financial District, Manhattan for $18 million to Albir Allahham and Midtown Equities on July 18, 2024.

• Wharton Properties and Midtown Equities sold 449 Myrtle Avenue, Clinton Hill, Brooklyn for $9.4 million to Peggy Hung Chun Ma on April 26, 2024.

• Midtown Equities sold 205 Montague Street, Brooklyn Heights, Brooklyn for $0 to Landau Properties on April 08, 2024.

• Midtown Equities borrowed $103 million from Citibank, JPMorgan Chase and Argentic Investment Management for 10 South Street, None, Manhattan on March 07, 2024.

• Midtown Equities and Rockwood Capital borrowed $125 million from Deutsche Pfandbriefbank for 1 Broadway, Financial District, Manhattan on November 20, 2023.

• Rockwood Capital and Midtown Equities borrowed $11.1 million from Deutsche Pfandbriefbank for 1 Broadway, Financial District, Manhattan on October 13, 2023.

• Aurora Capital Associates and Midtown Equities borrowed $66 million from Webster Bank for 200 Montague Street, Brooklyn Heights, Brooklyn on June 22, 2023.

• Midtown Equities borrowed $45 million from Signature Bank for 205 Montague Street, Brooklyn Heights, Brooklyn on August 31, 2022.