Slate Property Group

440 Park Avenue South 3rd Floor New York, NY 10016

People:

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Slate Property Group portfolio

$864.7 million* – elevator 67.0%, hotel 11.0%; Manhattan 70.0%, Brooklyn 14.0%

69th largest portfolio by dollar value

3,523,573 sqft – elevator 68.0%, hotel 12.0%;

81th largest by SF

77 properties – Manhattan 45%, Brooklyn 32%

122th largest

3,496 residential units – Manhattan 49.0%, Brooklyn 28.0%

50th largest by residential units

0 foreclosures, 0 bankruptcies, 4 other court cases.

Company Activity past 24 months:

Buyer company: 6 for $366 million

Seller company: 3 for $37.4 million

Borrower company: 12 for $1 billion

Lender company: 10 for $838 million

Top Ten Associated Companies:

Signature Bank (7), Dime Community Bank (4), Zev Feldstein (3), NYC Housing Development Corporation (3), Beitel Group (3), Loketch Group (2), Joyland Group (2), Meral Property Group (2), Yitzchok Katz (2), HUBB NYC (2)

Top Ten Associated People:

David Ornstein (3), Ben Beitel (3), Kenneth A. Stagnari (2), Pinchos Loketch (2), Yitzchok Katz (2), Richard Nightingale (2), Lauren Connors (2), Jeffrey Horowitz (2), Sophia Zhang (2), Anthony Crooks (2)

Recent activity as company:

Slate Property Group sold 2134 Coyle Street, Sheepshead Bay, Brooklyn for $22.4 million to Westhab on January 06, 2025.

Slate Property Group borrowed $69.5 million from Citibank for 52 William Street, Financial District, Manhattan on December 23, 2024.

McSam Hotel Group and Andrew Rufail sold 52 William Street, Financial District, Manhattan for $94.5 million to Slate Property Group on December 23, 2024.

Slate Property Group sold 2114 Coyle Street, Sheepshead Bay, Brooklyn for $3 million to Raymond Zeitouny on December 16, 2024.

Watermark Capital Group borrowed $70 million from Slate Property Group for 41-02 Crescent Street, Long Island City, Queens on December 04, 2024.

Beitel Group borrowed $112.9 million from Slate Property Group for 315 Grand Concourse, 270 Walton Avenue, and 261 Grand Concourse, Mott Haven, Bronx on October 02, 2024.

Slate Property Group borrowed $209.8 million from JPMorgan Chase for 141 West 144th Street, 427 West 52nd Street, 399 3rd Avenue, 360 East 193rd Street, 2342 Washington Avenue, and others, Harlem, Manhattan on August 14, 2024.

Joyland Group and Loketch Group borrowed $150 million from TPG Real Estate Partners for 28 Boerum Street, Williamsburg, Brooklyn on July 31, 2024.

Hope Street Capital borrowed $55 million from Walker & Dunlop for 959 Sterling Place, 959 Sterling Place, 959 Sterling Place, 959 Sterling Place, and 959 Sterling Place, Crown Heights, Brooklyn on July 02, 2024.

Slate Property Group borrowed $19.5 million from Fundamental Advisors for 2134 Coyle Street and 2114 Coyle Street, Sheepshead Bay, Brooklyn on June 04, 2024.

Latest Stories:

• Slate pays $94.5M for FiDi hotel Sam Chang bought in 2017 for $93.5M (December 24, 2024)

• Beitel Group signs $29M refi with Slate in Mott Haven (September 17, 2024)

• Slate Property Group in contract to pay $10.25M in Astoria, development homeless housing (August 23, 2024)

• Slate Property Group signs $209.8M loan with JPMorgan Chase for 17 institutional properties in NYC (August 15, 2024)

• Joyland, Loketch sign $150M refi with TPG for 270-unit project in Williamsburg (August 01, 2024)

• Hope Street Capital signs $55M refi with Walker & Dunlop for 158-unit project in Crown Heights (July 03, 2024)

• Slate Property Group pays $24.4M for properties in Sheepshead Bay (June 05, 2024)

• Co-living firm Common Living files for liquidation bankruptcy (June 03, 2024)

• Beitel Group signs $150M construction loan with Slate’s Scale for 452-unit project in Mott Haven (April 23, 2024)

• Beitel Group signs $32.4M refi with Slate’s Scale for 470-unit project in Mott Haven (April 16, 2024)

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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