Starrett Companies

Starrett Companies portfolio

$1.1 billion* – D4 99%, Q1 0%; Manhattan 99%, Bronx 0%

57th largest portfolio by dollar value

4,786,701 sqft – D4 100%, Q1 0%;

61th largest by SF

2 properties – Manhattan 50%, Brooklyn 50%

2920th largest

8,018 residential units – Manhattan 100%, Bronx 0%

15th largest by residential units

Company Activity past 24 months:

Seller company: 2 for $28.1 million

Top Ten Associated Companies:

Extell Development (2), Signature Bank (1), Capital One (1), Jonathan Rose Companies (1), Lipa Zicherman (1), Sol Feder (1), Gary Segal (1), Settlement Housing Fund (1)

Top Ten Associated People:

Marc Kwestel (2), Lipa L. Zicherman (1), Jacqueline Tom (1)

Recent activity as company:

Starrett Companies sold N/A Bay View Avenue, Coney Island, Brooklyn for $22.6 million to Lipa Zicherman, Sol Feder and Gary Segal on May 11, 2023.

Starrett Companies sold N/A West 28th Street, Coney Island, Brooklyn for $5.5 million to Settlement Housing Fund on May 11, 2023.

Extell Development borrowed $29 million from Starrett Companies for 259 Clinton Street, Lower East Side, Manhattan on January 03, 2023.

Starrett Companies sold 259 Clinton Street, Lower East Side, Manhattan for $40 million to Extell Development on January 03, 2023.

Starrett Companies borrowed $5.8 million from Signature Bank for 2428 Neptune Avenue, N/A West 28th Street, N/A Bay View Avenue, and N/A Neptune Avenue, Coney Island, Brooklyn on January 07, 2022.

Starrett Companies for Joshua Siegel filed plans for new building for 655,873 sqft in Lower East Side, Manhattan, on July 28, 2021.

Starrett Companies for Joshua Siegel filed plans for new building for 101,351 sqft in Unionport, Bronx, on May 05, 2020.

Starrett Companies sold Tower West at 65 West 96th Street, the Upper West Side, Manhattan for $93.8 million to Jonathan Rose Companies on March 19, 2020.

Starrett Companies borrowed $30 million from Capital One for 40 River Road, Roosevelt Island, Manhattan on December 26, 2019.

Latest Stories:

• Settlement Housing Fund files plans for 172-unit building in Coney Island (August 16, 2024)

• Moshe Braver signs $17M loan with Hakimian Partners for dev site in Coney Island (July 10, 2024)

• Coney Island dev site flips for $46M, up from $44.6M five months ago (September 22, 2023)

• Settlement Housing Fund pays $5.5M to Starrett Companies for dev site in Coney Island (May 12, 2023)

• Lipa L. Zicherman entity pays $22.6M to Starrett Companies for 400K sf dev site in Coney Island (May 12, 2023)

• Extell Development pays $40M to Starrett for Two Bridges dev site, additional earnout expected (January 04, 2023)

• Jonathan Rose Companies pays $94M to Starrett Corp. for Tower West in the Upper West Side (March 20, 2020)

• Jonathan Rose Companies borrows $74M from Hunt Real Estate Capital for multifamily property in the Upper West Side (March 20, 2020)

• Starrett Companies borrows $30M from Capital One for multifamily property in Roosevelt Island (December 27, 2019)

Properties:

To see the 2 properties 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