TARGO Capital Partners

41 Union Square West, New York, New York 10003, United States

People:

To see the 1 person from this company you need a Professional level subscription

Subscribe ($125/month)

TARGO Capital Partners portfolio

$90.3 million* – walkup 78%, mixed-use 17%; Manhattan 100%, Bronx 0%

609th largest portfolio by dollar value

165,094 sqft – walkup 90%, elevator 5%;

1402th largest by SF

19 properties – Manhattan 100%, Bronx 0%

483th largest

249 residential units – Manhattan 100%, Bronx 0%

754th largest by residential units

Company Activity past 24 months:

Buyer company: 7 for $98.3 million

Borrower company: 1 for $9.9 million

Top Ten Associated Companies:

Kushner Companies (3), Croman Real Estate (2), New York Community Bank (2), Santander Bank (2), NewPoint Real Estate Capital (2), Nazarian Property Group (1), Mill Management (1), SMA Equities (1), Samuel Frisch (1), Nancy Frisch (1)

Top Ten Associated People:

Matthew Burrows (3), Steven Croman (2), Steven J. Robinson (2), John Feijoo (1), Lionel Nazarian (1), Alan L. Kaufman (1), Stephen J. Schacter (1), Sina Mahfar (1), Sandor Krauss (1), Ralph Della Cava Jr. (1)

Recent activity as company:

TARGO Capital Partners borrowed $9.9 million from NewPoint Real Estate Capital for 225 West 20th Street and 227 West 20th Street, Chelsea, Manhattan on November 18, 2024.

Croman Real Estate sold 321 West 16th Street, Chelsea, Manhattan for $8.1 million to TARGO Capital Partners on March 15, 2024.

Kushner Companies sold 315 East 10th Street, Alphabet City, Manhattan for $9.1 million to TARGO Capital Partners on January 05, 2024.

Kushner Companies sold 120 East 4th Street and 118 East 4th Street, East Village, Manhattan for $22.9 million to TARGO Capital Partners on January 05, 2024.

Kushner Companies sold 203 East 4th Street, 199 East 4th Street, and 201 East 4th Street, Alphabet City, Manhattan for $25.5 million to TARGO Capital Partners on January 05, 2024.

Jad Sayage sold 110 Reade Street, Tribeca, Manhattan for $9 million to TARGO Capital Partners on September 20, 2023.

R.A. Cohen & Associates and MacArthur Holdings sold 5 Spring Street, Nolita, Manhattan for $10 million to TARGO Capital Partners on August 03, 2023.

• Samuel Frisch and Nancy Frisch sold 225 West 20th Street and 227 West 20th Street, Chelsea, Manhattan for $13.8 million to TARGO Capital Partners on March 21, 2023.

TARGO Capital Partners borrowed $8.8 million from Santander Bank for 186 Bleecker Street, Greenwich Village, Manhattan on August 17, 2022.

SMA Equities sold 186 Bleecker Street, Greenwich Village, Manhattan for $14.5 million to TARGO Capital Partners on August 17, 2022.

Latest Stories:

• TARGO pays $8.1M to Croman for 10-unit walkup in Chelsea (March 18, 2024)

• TARGO Capital pays $57.45M to Kushner for 6 walkups in Alphabet City, East Village (January 05, 2024)

• TARGO Capital Partners pays $9M for residential walkup in Tribeca (September 21, 2023)

• TARGO Capital Partners pays $10M for 21-unit walkup in Nolita (August 04, 2023)

• TARGO Capital pays $13.8M for two walkups in Chelsea (March 22, 2023)

• TARGO Capital pays $14.5M to SMA Equities for 8-unit walkup in Greenwich Village (August 18, 2022)

• TARGO Capital pays $16.8M for two walkups in Alphabet City, last sold for $20M in 2015 (August 12, 2022)

• TARGO Capital pays $8.7M to Nazarian Property for 10-unit walkup in Alphabet City (March 07, 2022)

• Croman sells two LES walk-ups to TARGO Capital for $21.2M (January 05, 2022)

• Kushner Companies borrows $45M from Citibank for rental property in East Village (December 13, 2019)

Properties:

To see the 19 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