Soho Properties
People:
Soho Properties portfolio
$37.9 million – elevator 93%, P5 6%; Manhattan 100%, Bronx 0%
1124th largest portfolio by dollar value
179,364 sqft – elevator 91%, P5 8%;
1295th largest by SF
2 properties – Manhattan 100%, Bronx 0%
155th largest
50 residential units – Manhattan 100%, Bronx 0%
748th largest by residential units
2 foreclosures, 2 bankruptcies, 6 other court cases.
Company Activity past 24 months:
Buyer company: 0 for $0
Seller company: 1 for $150.4 million
Borrower company: 0 for $0
Lender company: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
Blueberry Funding (1), MSD Partners (1), Arden Group (1), Corten Real Estate Partners (1), One William Street Capital Management (1), Realty Capital Finance (1)
Top Ten Associated People:
Yisroel Florans (1), Kenneth Gerold (1), Heshy Safrin (1)
Latest Stories:
• Private lender files $7.5M pre-foreclosure at Soho Properties FiDi vacant lot (December 07, 2023)
• Soho Properties files second bankruptcy at Margaritaville hotel (August 14, 2023)
• Mezz lenders Arden, Corten sue Margaritaville Times Square investors for $85M (July 12, 2023)
• Soho Properties puts Margaritaville hotel in bankruptcy to block $57M UCC auction (July 10, 2023)
• Soho Properties seeks to block $57M UCC auction for Margaritaville hotel (June 30, 2023)
• Soho Properties signs $167M refi with OWS for Times Square hotel project (October 01, 2021)
Litigation: