Shorewood Real Estate Group

292 Madison Avenue, 24th floor New York, NY 10017

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Shorewood Real Estate Group portfolio

$33.1 million* – elevator 71%, condo 22%; Queens 71%, Manhattan 22%

1256th largest portfolio by dollar value

346,016 sqft – elevator 94%, condo 2%;

827th largest by SF

4 properties – Bronx 50%, Manhattan 25%

1821th largest

323 residential units – Queens 97%, Bronx 2%

620th largest by residential units

Company Activity past 24 months:

Buyer company: 1 for $28.5 million

Seller company: 1 for $100 million

Borrower company: 2 for $20 million

Top Ten Associated Companies:

Sage Hall Partners (2), United American Land (1), Bayview Commercial Mortgage Finance, LLC (1), East West Bank (1), Vanbarton Group (1), 114 East 25th Ventures, LLC (1), confidential (1), Cerco Funding (1), Bolivar Development (1)

Top Ten Associated People:

Jeffrey Fields (2), Jeff Miller (1), Julia Geykhman (1), Michael Bodnev (1), Peter Fine (1)

Recent activity as company:

Shorewood Real Estate Group and Spencer An borrowed $20 million from Cerco Funding for 350 Grand Concourse, Mott Haven, Bronx on December 26, 2024.

Bolivar Development sold 350 Grand Concourse, Mott Haven, Bronx for $28.5 million to Shorewood Real Estate Group and Spencer An on December 26, 2024.

Shorewood Real Estate Group and Prodigy Network sold 234 East 46th Street, Grand Central, Manhattan for $100 million to Sage Hall Partners on April 26, 2023.

Shorewood Real Estate Group and Prodigy Network borrowed $0 from Sage Hall Partners for 234 East 46th Street, Grand Central, Manhattan on February 15, 2023.

Shorewood Real Estate Group for Hugo Corvalan filed plans for new building for 226,827 sqft in Jackson Heights, Queens, on June 04, 2021.

Shorewood Real Estate Group sold 84 William Street, Financial District, Manhattan for $73.5 million to Vanbarton Group on December 14, 2020.

Shorewood Real Estate Group borrowed $89.1 million from East West Bank for 160-05 Archer Avenue, Jamaica, Queens on June 25, 2020.

Shorewood Real Estate Group sold 329 Park Avenue South, Flatiron, Manhattan for $41.2 million to confidential on June 19, 2020.

Shorewood Real Estate Group for Hugo Corvalan filed plans for new building for 195,548 sqft in Bedford Stuyvesant, Brooklyn, on June 18, 2020.

Shorewood Real Estate Group sold 114 East 25th Street, Flatiron, Manhattan for $41.3 million to 114 East 25th Ventures, LLC on June 16, 2020.

Latest Stories:

• Sage Hall Partners signs $35M loan with Citizens Bank for hotel in Grand Central (January 07, 2025)

• Shorewood, Spencer An pay $28.5M for dev site in Mott Haven (December 31, 2024)

• Adellco signs $30.5M construction loan with Arbor Realty Trust for office renovation in Flatiron District (January 29, 2024)

• Sage Hall Partners acquires hotel in Grand Central with $99M in debts, foreclosed on Shorewood, Prodigy Network (April 27, 2023)

• Sage Hall Partners buys $81M note secured by Shorewood’s former AKA United Nations hotel in Grand Central (February 15, 2023)

• Peter Fine pays $21.2M for dev site in Mott Haven (December 10, 2021)

• United American Land signs $50M refi for mixed-use building in Jamaica (June 16, 2021)

• Vanbarton Group acquires FiDi hotel from Prodigy, Shorewood valued at $73.5M (December 15, 2020)

• Vanbarton cuts debt by 27% to $65M at former Prodigy FiDi hotel (December 03, 2020)

• Anonymous entity borrows $35M from Arbor Realty for property in Flatiron (August 31, 2020)

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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