Olnick Organization

Olnick Organization portfolio

$383.6 million* – elevator 62%, office 37%; Manhattan 79%, Bronx 20%

170th largest portfolio by dollar value

2,783,639 sqft – elevator 89%, office 10%;

118th largest by SF

10 properties – Manhattan 90%, Bronx 10%

823th largest

2,319 residential units – Manhattan 75%, Bronx 24%

97th largest by residential units

Top Ten Associated Companies:

First Republic Bank (2), New York Community Bank (1), Capital One (1), family of late real estate investor Charles Goldner (1), Taurus Investment Holdings (1)

Top Ten Associated People:

James C. Ricca (1)

Recent activity as company:

Olnick Organization borrowed $77 million from New York Community Bank for 130 Fifth Avenue, Flatiron District, Manhattan on August 01, 2022.

Olnick Organization borrowed $105 million from First Republic Bank for 63 Prince Street, Nolita, Manhattan on December 24, 2019.

Olnick Organization borrowed $50 million from First Republic Bank for 360 Amsterdam Avenue, the Upper West Side, Manhattan on November 22, 2019.

• family of late real estate investor Charles Goldner sold 360 Amsterdam Avenue, the Upper West Side, Manhattan for $106.4 million to Olnick Organization on November 22, 2019.

Olnick Organization borrowed $10 million from Capital One for 542 West 153rd Street, Hamilton Heights, Manhattan on October 30, 2019.

• Taurus Investment Holdings sold 542 West 153rd Street, Hamilton Heights, Manhattan for $19 million to Olnick Organization on October 30, 2019.

Latest Stories:

• Olnick Organization signs $77M refi for office building in Flatiron District (August 02, 2022)

• Olnick Organization files plans for $5.4M multi-floor rehab of resi building in UWS (April 28, 2021)

• Gould Investors borrows $25M from AIG for retail portion of property in Flatiron (June 11, 2020)

• Olnick Organization borrows $105M from First Republic for office property in Nolita (December 26, 2019)

• Olnick Organization pays $106.4M to family of late real estate investor Charles Goldner for multifamily property in the Upper West Side (November 25, 2019)

• Olnick Organization borrows $50M from First Republic Bank for multifamily property in the Upper West Side (November 25, 2019)

• Olnick Organization pays $19M to Synapse Capital and Taurus Investment Holdings for rental property in Hamilton Heights (October 31, 2019)

• Olnick Organization borrows $10M from Capital One for rental property in Hamilton Heights (October 31, 2019)

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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