Premier Equities

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Premier Equities portfolio

$133.2 million* – condo 69%, walkup 9%; Manhattan 96%, Queens 3%

438th largest portfolio by dollar value

305,356 sqft – condo 70%, mixed-use 10%;

887th largest by SF

32 properties – Manhattan 96%, Queens 3%

309th largest

95 residential units – Manhattan 100%, Bronx 0%

1469th largest by residential units

Company Activity past 24 months:

Buyer company: 2 for $27 million

Seller company: 4 for $71.5 million

Borrower company: 2 for $38.8 million

Top Ten Associated Companies:

Metropolitan Commercial Bank (5), Signature Bank (4), Riesenburger Properties (2), Pamela and Cary Roth (1), Chetrit Group (1), Elad Group (1), Zucker Organization (1), Emerald Creek Capital (1), Sound Point Capital (1), Eric Einstein (1)

Top Ten Associated People:

Dennis Graham (2), Ross Dahmen (2), Regina Riesenburger (2), Meyer Chetrit (1), Aaron Greene (1), Orly Daniell (1), Donald Zucker (1), Mark Kraehling (1), Eric Einstein (1), Avi Lieberman (1)

Recent activity as company:

Riesenburger Properties sold 3909/3911 Main Street, Flushing, Queens for $27 million to Premier Equities on February 03, 2025.

Premier Equities sold 255 10th Avenue, Chelsea, Manhattan for $2.2 million to company on September 12, 2024.

Riesenburger Properties sold 39-09/39-11 Main Street, Flushing, Queens for $0 to Premier Equities on August 08, 2024.

Premier Equities borrowed $6.8 million from Flushing Bank for 169 West 95th Street, Upper West Side, Manhattan on July 09, 2024.

Premier Equities sold 1141 Broadway, NoMad, Manhattan for $47.8 million to Azora Exan on June 21, 2024.

Premier Equities sold 45 East 7th Street, East Village, Manhattan for $14.2 million to Mountain High Investments Inc. on August 11, 2023.

Premier Equities borrowed $32 million from Israel Discount Bank for 1141 Broadway, NoMad, Manhattan on July 24, 2023.

Premier Equities sold 674 9th Avenue, Hell’s Kitchen, Manhattan for $7.2 million to Eric Einstein and Justin Buchanan on April 03, 2023.

Premier Equities borrowed $12.8 million from Signature Bank for 1151-1153 Broadway, NoMad, Manhattan on November 16, 2022.

Angelo Gordon and Premier Equities borrowed $17.6 million from Metropolitan Commercial Bank for 2250 Broadway, Upper West Side, Manhattan on October 04, 2022.

Latest Stories:

• Premier Equities pays $27M to Riesenburger Properties for retail in Flushing (February 03, 2025)

• Premier Equities in contract to buy Main Street retail in Flushing (August 09, 2024)

• Azora Exan pays $47.8M to Premier Equities for hotel in NoMad (June 24, 2024)

• Premier Equities sells retail condo in East Village for $14.2M, acquired for $6.1M (August 14, 2023)

• Premier Equities signs $32M refi for hotel in NoMad (July 25, 2023)

• Elad Group signs $140.3M construction loan for 42-unit condo in Lenox Hill (May 08, 2023)

• Bar owners pay $7.2M to Premier Equities for retail in Hell’s Kitchen (April 04, 2023)

• Angelo Gordon, Premier Equities pays $27M to Zucker Organization for retail in Upper West Side (October 05, 2022)

• Elad Group pays $61M to Premier Equities for 3 parcels of dev site in Lenox Hill (May 16, 2022)

• Premier Equities, Cohen Equities sign $10M refi loan with Signature Bank for two properties in NoMad (April 22, 2022)

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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