Muss Development

118-35 Queens Boulevard Forest Hills, N.Y. 11375

People:

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Muss Development portfolio

$288.1 million* – office 27%, condo 22%; Queens 45%, Brooklyn 42%

216th largest portfolio by dollar value

1,376,202 sqft – office 41%, hotel 15%;

246th largest by SF

19 properties – Queens 52%, Brooklyn 31%

478th largest

216 residential units – Brooklyn 54%, Manhattan 45%

839th largest by residential units

Company Activity past 24 months:

Seller company: 1 for $6 million

Borrower company: 4 for $62.2 million

Top Ten Associated People:

Gregg Reuben (3), Jason F. Wells (2), Yevegeny Tsyngauz (1), Frankie T. Jones Jr. (1), Vincent J. Reilly (1), Michael C. Beidelman (1), Jesse Levin (1), Ryan Supple (1), Amy Frazey (1), Oded Ben-Nun (1)

Recent activity as company:

Muss Development borrowed $5 million from Symetra Life Insurance Company for 20-01 Francis Lewis Blvd, 20-29 Francis Lewis Blvd, 19-05 Francis Lewis Blvd, and 160-11 Willets Point Blvd, Whitestone, Queens on November 12, 2024.

Muss Development borrowed $25.2 million from Argentic Investment Management for 350 Jay Street, Downtown Brooklyn, Brooklyn on August 02, 2024.

Muss Development sold 90 Oceana Drive West and 75 Oceana Drive East, Brighton Beach, Brooklyn for $6 million to Centerpark on November 06, 2023.

Muss Development borrowed $6 million from Standard Insurance Company for 50 Oceana Drive West, Brighton Beach, Brooklyn on November 06, 2023.

Muss Development borrowed $26 million from Nationwide Life Insurance Company for 2182-2190 3rd Avenue, East Harlem, Manhattan on March 08, 2023.

Muss Development borrowed $18 million from Standard Insurance Company for 345 Adams Street, Downtown Brooklyn, Brooklyn on November 16, 2022.

Muss Development borrowed $25 million from Lincoln Life & Annuity Company of New York for 70-00 Austin Street, Forest Hills, Queens on July 25, 2022.

Muss Development sold 69-30 Austin Street, Forest Hills, Queens for $3 million to LTNG on June 30, 2022.

Muss Development sold 225 East 57th Street, Midtown East, Manhattan for $2 million to Centerpark on June 07, 2022.

Muss Development sold 58 West 58th Street, Midtown West, Manhattan for $6.2 million to Centerpark on May 31, 2022.

Latest Stories:

• Centerpark pays $6M to Muss Development for garage in Brighton Beach (November 07, 2023)

• Muss Development signs $26M refi with Nationwide Life for 90-unit rental in East Harlem (March 09, 2023)

• Muss Development signs $25M refi loan with Lincoln Life for retail in Forest Hills (July 26, 2022)

• Centerpark pays $6.2M to Muss for garage condo in Midtown West (June 01, 2022)

• Muss Development signs $26.6M refi loan with Metlife for office building in Brooklyn (August 02, 2021)

• Muss Development borrows $52M from Bank of America for office property in Flushing (March 30, 2021)

• DDG Partners obtains $67.7M condo inventory loan from M&T Bank for project in Carnegie Hill (September 02, 2020)

• Muss Development borrows $42M from Nationwide Life Insurance for commercial property in Carnegie Hill (February 10, 2020)

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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