Sierra Assets Group

Sierra Assets Group portfolio

$10.6 million* – elevator 100%; Brooklyn 100%, Manhattan 0%

2579th largest portfolio by dollar value

46,410 sqft – elevator 100%;

2968th largest by SF

47 residential units – Brooklyn 100%, Manhattan 0%

2238th largest by residential units

Company Activity past 24 months:

Seller company: 1 for $18.2 million

Top Ten Associated Companies:

Asset Preservation Inc. (1), Ruben Luna (1), Capital One (1), Mark Kaufman (1), Estate of Bernice Mitchneck (1), Signature Bank (1), Paul Gagliardi (1)

Top Ten Associated People:

Diane Fox (1), Ruben Luna (1)

Recent activity as company:

Sierra Assets Group sold 1221 St. Nicholas Avenue, Washington Heights, Manhattan for $18.2 million to Ruben Luna on March 12, 2024.

Sierra Assets Group sold 1260 Lexington Avenue, 1256 Lexington Avenue, and 1258 Lexington Avenue, Carnegie Hill, Manhattan for $13.1 million to Asset Preservation Inc. on December 16, 2022.

Sierra Assets Group borrowed $17.4 million from Capital One for 141 Joralemon Street, Brooklyn Heights, Brooklyn on June 30, 2020.

Sierra Assets Group sold 417 West 202nd Street, Inwood, Manhattan for $8 million to Paul Gagliardi on March 31, 2020.

Mark Kaufman sold 1221 St Nicholas Avenue, Washington Heights, Manhattan for $1.1 million to Sierra Assets Group on February 05, 2020.

• Estate of Bernice Mitchneck sold 1221 St Nicholas Avenue, Washington Heights, Manhattan for $7.2 million to Sierra Assets Group on February 05, 2020.

Sierra Assets Group borrowed $8 million from Signature Bank for 1221 St Nicholas Avenue, Washington Heights, Manhattan on February 05, 2020.

Latest Stories:

• Ruben Luna signs $8M acquisition loan with Key Food co-op for grocery building in Washington Heights (March 21, 2024)

• Grocer Ruben Luna pays $18.2M to Sierra Assets Group for retail in Washington Heights (March 13, 2024)

• Coombes Property Group signs $9.2M refi in Carnegie Hill, lender’s second NYC loan in 20 years (January 12, 2024)

• Sierra Assets Group sells three mixed-use properties forming Carnegie Hill corner for $13.1M (December 18, 2022)

• Bluestone, Sierra Assets borrow $17.5M from Capital One to refi multifamily property in Brooklyn Heights (July 01, 2020)

• Paul Gagliardi pays $8M to Sierra Assets Group for retail property in Inwood (April 01, 2020)

• Sierra Assets Group pays $8.2M to consolidate ownership of retail property in Washington Heights (February 06, 2020)

• Sierra Assets Group borrows $8M from Signature Bank for retail property in Washington Heights (February 06, 2020)

Properties:

To see the 1 property for this company you need a Professional level subscription

Subscribe ($125/month)

*The Portfolio Value is the city’s Market Value, which is typically 50% or less of actual market value.

Leave a Reply