Read Property Group

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Read Property Group portfolio

$26.9 million* – office 100%; Manhattan 100%, Bronx 0%

1428th largest portfolio by dollar value

155,026 sqft – office 100%;

1456th largest by SF

Company Activity past 24 months:

Borrower company: 1 for $43.7 million

Top Ten Associated Companies:

Rubin Equities (2), Abraham Grunhut (1), Flagstar Bank (1), Signature Bank (1)

Top Ten Associated People:

Abraham Grunhut (1), Daniel M. Bagatta (1)

Recent activity as company:

Read Property Group and Paul Wasserman borrowed $43.7 million from Flagstar Bank for 75 Maiden Lane, Financial District, Manhattan on October 02, 2023.

Read Property Group and Chetrit Group sold 487 Keap Street, Williamsburg, Brooklyn for $36.3 million to Abraham Grunhut on June 16, 2022.

Read Property Group for Beach 116 Promenade Llc filed plans for new building for 130,955 sqft in Rockaway Park, Queens, on March 01, 2022.

Read Property Group borrowed $18.5 million from Signature Bank for 487 Keap Street, Williamsburg, Brooklyn on April 08, 2021.

Read Property Group sold 85 Flatbush Avenue Exte, Dumbo, Brooklyn for $46 million to Rubin Equities on October 04, 2019.

Read Property Group sold 85 Flatbush Avenue Exte, 85 Flatbush Avenue Exte, Dumbo, Brooklyn for $44 million to Rubin Equities on October 04, 2019.

Latest Stories:

• Ohana Real Estate Investors signs $59M refi for hotel, residential in Downtown Brooklyn (January 26, 2024)

• Read Property Group signs $43.7M modification for office in Financial District (October 03, 2023)

• Ohana acquires hotel, rental from Cornell Realty in Downtown Brooklyn bankruptcy with $94M credit bid (December 15, 2022)

• Abraham Grunhut pays $36.3M to Read Property, Chetrit Group for 51-unit rental in Williamsburg (June 17, 2022)

• Chetrit, Read Property borrow $18.5M from Signature Bank for 51-unit rental in Williamsburg (April 09, 2021)

• Cornell Realty Management and Rubin Equities Inc. pay $90M to Chetrit Group, Robert Wolf’s Read Property Group in Downtown Brooklyn (October 07, 2019)

• Cornell Realty Management and Rubin Equities Inc. borrow $76M from Madison Realty Capital and Bluestone Group for property in Dumbo (October 07, 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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