Abraham Grunhut

Owner

Abraham Grunhut portfolio

$60.8 million* – walkup 61%, elevator 21%; Brooklyn 85%, Manhattan 7%

835th largest portfolio by dollar value

329,189 sqft – walkup 70%, elevator 17%;

854th largest by SF

45 properties – Brooklyn 91%, Bronx 4%

221th largest

399 residential units – Brooklyn 84%, Bronx 14%

526th largest by residential units

3 foreclosures, 0 bankruptcies, 1 other court case.

Person Activity past 24 months:

Borrower signatory: 3 for $27.4 million

Top Ten Associated Companies:

Signature Bank (3), Customers Bank (2), Goldman Sachs (2), Read Property Group (1), Chetrit Group (1), KeyBank (1), Bridge Investment Group (1), Northeast Bank (1), Popular Bank (1), Carlyle Group (1)

Top Ten Associated People:

Kenneth Stagnari (1), Robert Wolf (1), Joseph Tinti (1), Jeehae Lee (1), Wendy Scarlett (1), Carter Martin (1), Greg Fantauzzi (1), Will Waters (1), Gregory Fantauzzi (1)

Recent activity as company:

• Abraham Grunhut borrowed $9.5 million from Customers Bank for 1587-1591 Broadway, Bushwick, Brooklyn on December 27, 2024.

• Abraham Grunhut borrowed $8.9 million from Customers Bank for 63 Downing Street, Greenwich Village, Manhattan on August 23, 2024.

• Abraham Grunhut borrowed $9 million from Popular Bank for 1587-1591 Broadway, Bushwick, Brooklyn on April 20, 2023.

• Abraham Grunhut and Abraham Lipschitz borrowed $9.1 million from Northeast Bank for 63 Downing Street, Greenwich Village, Manhattan on August 19, 2022.

• Bridge Investment Group sold 63 Downing Street, Greenwich Village, Manhattan for $13 million to Abraham Grunhut and Abraham Lipschitz on August 19, 2022.

• Abraham Grunhut borrowed $28 million from KeyBank for 487 Keap Street, Williamsburg, Brooklyn on June 16, 2022.

• Read Property Group and Chetrit Group sold 487 Keap Street, Williamsburg, Brooklyn for $36.3 million to Abraham Grunhut on June 16, 2022.

• Abraham Grunhut for Abraham Greenhut filed plans for new building for 25,502 sqft in Bushwick, Brooklyn, on March 16, 2022.

• Abraham Grunhut borrowed $20 million from Signature Bank for 291 Metropolitan Avenue and 291 Metropolitan Avenue, Williamsburg, Brooklyn on February 07, 2022.

• Abraham Grunhut sold 1115 Jefferson Avenue, Bushwick, Brooklyn for $2.1 million to Carlyle Group and Greenbrook Partners on December 20, 2021.