Rudin Management

Rudin Management portfolio

$2.3 billion* – office 75%, elevator 24%; Manhattan 100%, Bronx 0%

24th largest portfolio by dollar value

6,338,825 sqft – office 56%, elevator 42%;

45th largest by SF

23 properties – Manhattan 100%, Bronx 0%

405th largest

1,725 residential units – Manhattan 100%, Bronx 0%

129th largest by residential units

0 foreclosures, 0 bankruptcies, 3 other court cases.

Company Activity past 24 months:

Buyer company: 1 for $40 million

Seller company: 2 for $332.5 million

Borrower company: 1 for $100 million

Top Ten Associated Companies:

JPMorgan Chase (2), State Farm Mutual Automobile Insurance Company (2), Prudential Financial (2), Ruby Woo, LLC (1), M&T Bank (1), Bushburg Properties (1), Silverstein Properties (1), Metro Loft Management (1), Citibank (1), Chetrit Organization (1)

Top Ten Associated People:

Leart Saliu (2), Mark J. Cavanaugh (2), Matthew D. Melick (2), Andrew L. Herz (1), Adam Wagonseller (1), Abraham J. Hoffman (1), Michael Levy (1), Nathan Berman (1), Joni Brown-Haas (1), Michael Gontar (1)

Recent activity as company:

• Rudin Management sold 110 Maiden Lane, Financial District, Manhattan for $160 million to Bushburg Properties on September 18, 2024.

• Rudin Management borrowed $100 million from JPMorgan Chase for 40 East 52nd Street and 39 East 51st Street, Midtown East, Manhattan on November 06, 2023.

• Rudin Management sold 55 Broad Street, Financial District, Manhattan for $172.5 million to Silverstein Properties and Metro Loft Management on August 04, 2023.

• Niarchos Family sold 39 East 51st Street, Midtown East, Manhattan for $40 million to Vornado Realty Trust and Rudin Management on June 23, 2023.

• Rudin Management borrowed $55 million from M&T Bank for 560 Lexington Avenue, Midtown East, Manhattan on November 30, 2022.

• Rudin Management borrowed $30 million from State Farm Mutual Automobile Insurance Company for 254 E. 68th Street, Lenox Hill, Manhattan on August 05, 2022.

• Rudin Management borrowed $40 million from State Farm Mutual Automobile Insurance Company for 241 Central Park West, Upper West Side, Manhattan on August 03, 2022.

• Rudin Management borrowed $395 million from JPMorgan Chase for 3 Times Square, Times Square, Manhattan on June 28, 2022.

• Rudin Management sold 133 West 11th Street, Greenwich Village, Manhattan for $17.7 million to Ruby Woo, LLC on February 23, 2022.

• Rudin Management borrowed $94.8 million from PGIM Real Estate for 3 Times Square, Theater District/Times Square, Manhattan on October 27, 2021.