Transformco

Transformco portfolio

$14.1 million* – retail 100%; Bronx 100%, Manhattan 0%

2186th largest portfolio by dollar value

134,100 sqft – retail 100%;

1586th largest by SF

Top Ten Associated Companies:

Clipper Equity (1), Nalcorp (1), Delaware Trust Company (1)

Top Ten Associated People:

David Bistricer (1)

Recent activity as company:

Transformco sold 2360 Bedford Avenue and 2359 Bedford Avenue, Flatbush, Brooklyn for $40.3 million to Clipper Equity and Nalcorp on May 16, 2022.

Transformco borrowed $10 million from Delaware Trust Company for 300 Baychester Avenue, Co-op City, Bronx on November 09, 2021.

Latest Stories:

• Clipper Equity signs $95M construction loan with Bank Hapoalim for 130-unit project in Flatbush (April 18, 2024)

• Clipper, Anshel Fridman pay $90.7M to Vornado, Sears affiliate for 429-unit dev site in Flatbush (May 17, 2022)

• Eddie Lampert’s ESL Investments borrows $20M from Cantor Fitzgerald for property in Brooklyn (February 14, 2020)

• Former Sears CEO Eddie Lampert’s ESL Investments borrows $20M from Cantor Fitzgerald for mall property in Flatbush (November 04, 2019)

• Eddie Lampert’s ESL Investments borrows $20M from Cantor Fitzgerald Securities for property in Morrisania (October 29, 2019)

• Former Sears CEO Edward S. Lampert’s ESL Investments borrows $20M from Cantor Fitzgerald Securities for property in Flatbush (September 17, 2019)

• ESL Investments paid $4M to Sears, Roebuck And Co. (September 05, 2019)

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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