Nightingale Properties

Nightingale Properties portfolio

$15.4 million* – office 100%, specialty 0%; Manhattan 100%, Bronx 0%

2058th largest portfolio by dollar value

59,757 sqft – office 100%, specialty 0%;

2594th largest by SF

3 properties – Brooklyn 66%, Manhattan 33%

2340th largest

1 foreclosure, 0 bankruptcies, 6 other court cases.

Company Activity past 24 months:

Seller company: 3 for $126.6 million

Borrower company: 3 for $0

Top Ten Associated People:

Justin Adelipour (2), Michael L. Bruneau (1), Brian Shatz (1), Brandon Miller (1), Lisa L. Kim (1), Igal Namdar (1), Steven Kashanian (1)

Recent activity as company:

Nightingale Properties sold 20 East 46th Street, Grand Central, Manhattan for $10.4 million to Namdar Realty Group and Klosed Properties on November 07, 2024.

Nightingale Properties sold 14 53rd Street, Sunset Park, Brooklyn for $41.2 million to Capstone Equities on September 12, 2023.

Nightingale Properties sold 14 53rd Street, Sunset Park, Brooklyn for $75 million to Capstone Equities on September 07, 2023.

Nightingale Properties borrowed $0 from Namdar Realty Group and Klosed Properties for 20 East 46th Street, Grand Central, Manhattan on September 06, 2023.

Nightingale Properties and InterVest Capital Partners borrowed $0 from InterVest Capital Partners for 298 Lafayette Street, SoHo, Manhattan on August 09, 2023.

Nightingale Properties borrowed $0 from Capstone Equities for 14 53rd Street, Sunset Park, Brooklyn on May 26, 2023.

Eastern Generation sold 5300 1st Avenue and 5400 1st Avenue, Sunset Park, Brooklyn for $0 to Nightingale Properties on February 03, 2023.

Nightingale Properties sold 645 Madison Avenue, Upper East Side, Manhattan for $79.6 million to East West Bank on September 30, 2021.

Nightingale Properties borrowed $18 million from East West Bank for 20 East 46th Street, Grand Central, Manhattan on June 07, 2021.

Real Estate Equities Corporation sold 2226 3rd Avenue, East Harlem, Manhattan for $0 to Nightingale Properties on May 25, 2021.

Latest Stories:

• Namdar, Klosed acquire $10.4M Nightingale office ground lease in Grand Central, in lieu of foreclosure (November 08, 2024)

• Urban Edge hands back $88.8M Kingswood Center in Sheepshead Bay to CMBS lender (August 06, 2024)

• $67M June auction set for Urban Edge’s Kingswood Center mall (June 04, 2024)

• Namdar, Klosed file $30M pre-foreclosure at Nightingale Grand Central office building (November 20, 2023)

• Capstone Equities acquires Whale Building in Sunset Park with $49.5M loan from Argentic (September 08, 2023)

• Namdar, Klosed buy $30M note secured by Nightingale Properties office building in Grand Central (September 07, 2023)

• InterVest-controlled entity buys $143M note secured by Nightingale, InterVest SoHo office building, foreclosure now off (August 10, 2023)

• Capstone sues Nightingale CEO over $90M in alleged guarantys at Whale Building (July 13, 2023)

• $65.5M pre-foreclosure filed at Urban Edge Properties Sheepshead Bay retail, office (June 12, 2023)

• Capstone Equities buys $88.9M note on Nightingale’s Whale in Sunset Park (May 30, 2023)

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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