Princeton Real Estate Partners

Princeton Real Estate Partners portfolio

$2.7 million* – industrial 100%; Brooklyn 100%, Manhattan 0%

4909th largest portfolio by dollar value

24,710 sqft – industrial 100%;

3894th largest by SF

0 foreclosures, 11 bankruptcies, 0 other court cases.

Company Activity past 24 months:

Seller company: 2 for $54.2 million

Top Ten Associated Companies:

Glass Stone Properties (1), Cheskel Schwimmer (1), Steel Equities (1), Yoel Goldman (1)

Top Ten Associated People:

Cheskel Schwimmer (1), Joseph Lostritto (1), Yoel Goldman (1)

Recent activity as company:

Extell Development, Bluestone Group and Princeton Real Estate Partners sold 616 11th Avenue, Hell’s Kitchen, Manhattan for $33.2 million to Cheskel Schwimmer on March 28, 2024.

Extell Development, Bluestone Group and Princeton Real Estate Partners sold 173 Spring Street, SoHo, Manhattan for $21 million to Glass Stone Properties on March 15, 2024.

Yoel Goldman sold 71 White Street, East Williamsburg, Brooklyn for $7.5 million to Princeton Real Estate Partners on May 03, 2021.

Princeton Real Estate Partners sold 121 Morgan Avenue, East Williamsburg, Brooklyn for $18.2 million to Steel Equities on February 01, 2021.

Latest Stories:

• Silvera Properties files plans for two-tower, 60-unit building in Chelsea (December 19, 2024)

• Cheskel Schwimmer of Chess Builders files plans for 56-unit building in Hell’s Kitchen, second on block (May 30, 2024)

• Cheskel Schwimmer of Chess Builders signs $70M construction loan for 188-unit project in Hell’s Kitchen (April 03, 2024)

• Cheskel Schwimmer’s Chess Builders files plans for 132 units in Hell’s Kitchen (March 25, 2024)

• Anonymous buyer pays $21M to Extell, Bluestone, Princeton RE for bankrupt mixed-use in SoHo (March 18, 2024)

• Cheskel Schwimmer has $33.2M contract to buy Hell’s Kitchen dev site from Extell, Tabaks (March 15, 2024)

• Extell Development sells retail in Chelsea to Silvera Properties for $24.5M (June 14, 2023)

• Robert Gans sells Jamaica site for $9.2M through bankruptcy (May 31, 2023)

• Extell, Princeton Real Estate, Robert Gans float $200M settlement for portfolio (September 15, 2022)

• Courts: Bluestone inks purchase option for defaulted $116M loan; 5 foreclosures totaling $19M (January 24, 2022)

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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