Silvershore Properties

People:

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Silvershore Properties portfolio

$5.3 million* – walkup 53%, mixed-use 46%; Brooklyn 83%, Queens 16%

3708th largest portfolio by dollar value

28,167 sqft – walkup 72%, mixed-use 27%;

3706th largest by SF

4 properties – Brooklyn 75%, Queens 25%

2062th largest

26 residential units – Brooklyn 69%, Queens 30%

2908th largest by residential units

6 foreclosures, 1 bankruptcy, 1 other court case.

Company Activity past 24 months:

Borrower company: 1 for $0

Top Ten Associated Companies:

Jemstone Group (1), Park-It Management (1), Solomon Pavel (1), Maverick Real Estate Partners (1), Rapp Group (1)

Top Ten Associated People:

Joseph I. Jemal (1), Zachary Ehrlich (1), Joel J. Gorjian (1), Gary Spindler (1), Solomon Pavel (1)

Recent activity as company:

• Silvershore Properties borrowed $0 from company for 1236 Union Street, Crown Heights, Brooklyn on February 10, 2023.

• Silvershore Properties sold 2-79 St Nicholas Avenue, Bushwick, Queens for $1.5 million to Solomon Pavel on January 26, 2023.

• Silvershore Properties borrowed $0 from company for 61-20 Madison Street, Ridgewood, Queens on August 31, 2022.

• Silvershore Properties sold 314 57th Street, Sunset Park, Brooklyn for $2.5 million to Park-It Management on February 23, 2022.

• Silvershore Properties sold 12 Wilson Avenue, Bushwick, Brooklyn for $2.1 million to Jemstone Group on January 05, 2022.

• Silvershore Properties borrowed $1.3 million from Rapp Group for 251 Nassau Avenue, Greenpoint, Brooklyn on February 25, 2021.

• Silvershore Properties sold 56 Pierrepont Street, Brooklyn Heights, Brooklyn for $2.8 million to Maverick Real Estate Partners on January 08, 2021.

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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