Prime Group Holdings

People:

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Prime Group Holdings portfolio

$157 million* – industrial 61%, mixed-use 19%; Manhattan 51%, Queens 28%

380th largest portfolio by dollar value

907,460 sqft – industrial 81%, office 9%;

371th largest by SF

15 properties – Bronx 40%, Manhattan 33%

582th largest

Company Activity past 24 months:

Buyer company: 2 for $72.3 million

Borrower company: 3 for $83 million

Top Ten Associated People:

Gary M. Katz (1), Ana Rosu Marmann (1), Justin Cappuccino (1), Cheskel Schwimmer (1), Matthew Sprayregen (1), Michael Quinn (1), Jim Smith (1)

Recent activity as company:

Artemis Real Estate Partners sold 521 West 25th Street and 511 West 25th Street, Chelsea, Manhattan for $49.5 million to Prime Group Holdings and Empire Capital Holdings on January 28, 2025.

Prime Group Holdings borrowed $31.5 million from Societe Generale for 950 University Avenue, N/A University Avenue, 973 Summit Avenue, 971 Summit Avenue, and 969 Summit Avenue, Highbridge, Bronx on January 16, 2024.

Prime Group Holdings borrowed $29.9 million from Citibank for 12 West 142nd Street, 2350 5th Avenue, and N/A West 142nd Street, Harlem, Manhattan on December 18, 2023.

Prime Group Holdings borrowed $21.6 million from Citibank for 109-09 180th Street and N/A 180th Street, Jamaica, Queens on July 05, 2023.

Downtown Capital Partners sold 12 West 142nd Street, 2350 5th Avenue, and N/A West 142nd Street, Harlem, Manhattan for $22.9 million to Prime Group Holdings on March 17, 2023.

Prime Group Holdings borrowed $147 million from Slate Asset Management for 31-07 20th Avenue, 1260 Zerega Avenue, and 1084 Rockaway Avenue, Ditmars Steinway, Queens on August 26, 2022.

Cheskel Schwimmer borrowed $163 million from Prime Group Holdings for 198 East 135th Street, Mott Haven, Bronx on March 23, 2021.

Tuck-it-Away sold 973 Summit Avenue, 971 Summit Avenue, 969 Summit Avenue, Highbridge, Bronx for $2.5 million to Prime Group Holdings on September 08, 2020.

Latest Stories:

• Prime Group Holdings pays $49.5M to Artemis for commercial in Chelsea (January 29, 2025)

• Prime Group signs $31.5M refi for industrial properties in Highbridge (January 17, 2024)

• Prime Group Holdings signs $29.9M loan for three properties in Harlem (December 19, 2023)

• Prime Group Holdings pays $22.9M to Downtown Capital for industrial in Harlem (March 19, 2023)

• Prime Group Holdings signs $147M refi loan with Slate Asset Management for three industrial properties in NYC (August 29, 2022)

• Cheskel Schwimmer borrows $163M from Prime Group for 215-unit rental in Mott Haven (March 24, 2021)

• Prime Storage pays $26M to Tuck-It-Away for property in Highbridge (September 15, 2020)

• Prime Storage borrows $30M from Benefit Street Partners to buy property in Highbridge (September 15, 2020)

• Cheskel Schwimmer receives TCO for 240-unit rental in Mott Haven (September 02, 2020)

• Prime Group Holdings’s Prime Storage borrows $155M from PIMCO for storage property in Parkchester (November 08, 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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