Parkoff Organization

Parkoff Organization portfolio

$584.9 million* – elevator 69%, walkup 20%; Manhattan 44%, Brooklyn 24%

102th largest portfolio by dollar value

6,118,933 sqft – elevator 79%, walkup 17%;

48th largest by SF

108 properties – Manhattan 44%, Brooklyn 28%

78th largest

6,004 residential units – Manhattan 33%, Brooklyn 31%

29th largest by residential units

0 foreclosures, 0 bankruptcies, 1 other court case.

Company Activity past 24 months:

Buyer company: 1 for $290 million

Seller company: 2 for $42.2 million

Borrower company: 7 for $63.7 million

Top Ten Associated Companies:

New York Community Bank (32), Signature Bank (9), Esquire Bank (4), Flagstar Bank (3), Cammeby’s International Group (3), Churchill Real Estate Holdings (1), Dime Community Bank (1), Citibank (1), Bronstein Properties (1), JP Morgan Asset Management (1)

Top Ten Associated People:

Daniel M. Bagatta (9), Alan L. Kaufman (7), John Feijoo (4), Gail Naviasky (3), Eli Schron (3), Steven Dorritie (2), Daniel Bagatta (1), Steven Dorrite (1), Joseph Biancoviso (1), Anna Gutteridge (1)

Recent activity as company:

• Parkoff Organization sold 345 E 64th St, Lenox Hill, Manhattan for $34 million to HUBB NYC on January 16, 2025.

• Parkoff Organization borrowed $11 million from Skybrook Capital for 37-11 35th Avenue, Astoria, Queens on January 15, 2025.

• Bronstein Properties and Parkoff Organization borrowed $17.7 million from Citibank for 43-05 47th Street and 43-38 47th Street, Sunnyside, Queens on September 18, 2024.

• Parkoff Organization and Bronstein Properties borrowed $5.1 million from Deutsche Bank for 514 West 213th street, Inwood, Manhattan on September 06, 2024.

• Parkoff Organization sold 1482 1st Avenue, Lenox Hill, Manhattan for $8.2 million to Alchemy Properties, ABR Partners and Alchemy-ABR Investment Partners on September 06, 2024.

• Bronstein Properties and JP Morgan Asset Management sold 2160 Caton Avenue and 2164 Caton Avenue, Flatbush, Brooklyn for $290 million to Parkoff Organization and Bronstein Properties on July 05, 2024.

• Parkoff Organization borrowed $10.1 million from Flagstar Bank for 780 Pelham Parkway, Pelham Parkway, Bronx on March 22, 2024.

• Parkoff Organization borrowed $5 million from New York Community Bank for 254-262 Lenox Road, East Flatbush, Brooklyn on March 20, 2023.

• Parkoff Organization borrowed $6.4 million from Dime Community Bank for 7005-7019 Shore Road, Bay Ridge, Brooklyn on February 17, 2023.

• Parkoff Organization borrowed $8.4 million from Flagstar Bank for 93-99 Arden Street, Washington Heights, Manhattan on February 14, 2023.