Stellar Management
People:
Stellar Management portfolio
$1.5 billion* – elevator 70%, office 14%; Manhattan 88%, Brooklyn 6%
38th largest portfolio by dollar value
10,607,078 sqft – elevator 74%, office 8%;
25th largest by SF
87 properties – Manhattan 78%, Bronx 10%
103th largest
8,113 residential units – Manhattan 75%, Bronx 15%
14th largest by residential units
0 foreclosures, 0 bankruptcies, 4 other court cases.
Company Activity past 24 months:
Seller company: 3 for $96.6 million
Borrower company: 6 for $342.5 million
Top Ten Associated Companies:
New York Community Bank (27), BankUnited (4), Bank Leumi (4), Bank of Montreal (3), Signature Bank (3), NYC Housing Development Corporation (2), Two80 Real Estate Ventures (2), Helaba (2), Provident Bank (1), Brenda E. Geller (1)
Top Ten Associated People:
John Feijoo (13), Oren Sapirstein (3), Roger Rofe (3), Jesse Deutch (2), Paul Ciancimino (1), Leanne M. Lispi (1), Brenda E. Geller (1), Adam Roman (1), Ruth Moreira (1), Sharone Karten (1)
Recent activity as company:
• Stellar Management borrowed $21 million from Bank of Montreal for 236 East 13th Street, East Village, Manhattan on October 15, 2024.
• Stellar Management sold 105 Haven Avenue, Washington Heights, Manhattan for $8.1 million to Two80 Real Estate Ventures on October 01, 2024.
• Stellar Management borrowed $12.9 million from NYC Housing Development Corporation for 49 Crown Street, Crown Heights, Brooklyn on September 27, 2024.
• Stellar Management sold 248 Wadsworth Avenue, Washington Heights, Manhattan for $3.9 million to Two80 Real Estate Ventures on July 22, 2024.
• Stellar Management sold 10-20 Monroe Street, Two Bridges, Manhattan for $84.6 million to L+M Development Partners on May 01, 2024.
• Stellar Management borrowed $47 million from Customers Bank for 580 Gerard Avenue, Concourse, Bronx on October 10, 2023.
• Stellar Management borrowed $68 million from Helaba for 50 West 97th Street, Upper West Side, Manhattan on August 29, 2023.
• Stellar Management borrowed $115.6 million from Flagstar Bank for 884 2nd Avenue, Turtle Bay, Manhattan on August 08, 2023.
• Stellar Management borrowed $78 million from New York Community Bank for 44 West 28th Street, NoMad, Manhattan on February 22, 2023.
• Stellar Management borrowed $9.7 million from New York Community Bank for 87 Hamilton Place, Harlem, Manhattan on February 03, 2023.
Latest Stories:
• Two80 Real Estate pays $3.9M to Stellar for 26-unit walkup in Washington Heights (July 23, 2024)
• L+M signs $90M acquisition loan for 1,590-unit Knickerbocker in Two Bridges (May 13, 2024)
• Dino Tomassetti Jr. signs $26M refi for fee under NoMad office (September 12, 2023)
• Stellar Management signs $68M refi for 247-unit rental on UWS (August 30, 2023)
• Stellar plans two-tower, 319-unit project in Park Slope (May 10, 2023)
Court Records:
Properties: