Abraham Hoffman

(Abraham J. Hoffman)

Bushburg Properties

Owner

Bushburg Properties portfolio

(NYC’s “Market Value,” 50% or less of actual value)

$230 million – office 71.0%, elevator 24.0%; Manhattan 65.0%, Brooklyn 29.0%

253th largest portfolio by dollar value

1,852,320 sqft – office 64.0%, elevator 23.0%;

169th largest by SF

12 properties – Brooklyn 83%, Manhattan 8%

145th largest

1,037 residential units – Brooklyn 95.0%, Queens 4.0%

219th largest by residential units

0 foreclosures, 0 bankruptcies, 1 other court case.

Person Activity past 24 months:

Buyer signatory: 1 for $160 million

Seller signatory: 1 for $22.4 million

Borrower signatory: 3 for $280.9 million

Lender signatory: 0 for $0

Developer (new building or major alteration): 1 for 1,096,528 square feet

Top Ten Associated Companies:

Cross River Bank (2), Vanbarton Group (1), Valley National Bank (1), Webster Bank (1), Rudin Management (1), Pine Financial Ltd. (1), Carlyle Group (1), Z+G Property Group (1), Kearny Bank (1), UMB Bank (1)

Top Ten Associated People:

Justin B. Kleinman (1), Victor S. Brown Jr. (1), Roland M. Cablayan (1), Yonathon Whitehouse (1), Allan J. Weiss (1), Andrew Migdon (1), Annice Conolly (1), Jason Hart (1), Kenneth Stevenson (1), Eva Weber (1)

Recent activity as signatory:

• Bushburg Properties borrowed $130 million from MF1 Capital for 2840 Atlantic Avenue, 191 Schenck Avenue, and 260 Barbey Street, East New York, Brooklyn on December 02, 2024.

• Abraham Hoffman filed plans for major alteration for 1,096,528 sqft in Financial District, Manhattan, on October 10, 2024.

• Bushburg Properties borrowed $134.4 million from Pine Financial Ltd. for 110 Maiden Lane, Financial District, Manhattan on September 18, 2024.

• Rudin Management sold 110 Maiden Lane, Financial District, Manhattan for $160 million to Bushburg Properties on September 18, 2024.

• Bushburg Properties sold 180 Bainbridge Street, Bedford Stuyvesant, Brooklyn for $22.4 million to Carlyle Groupand Z+G Property Group on October 17, 2023.

• Bushburg Properties borrowed $16.5 million from Cross River Bank for 1087 Flushing Avenue and 125 Knickerbocker Avenue, East Williamsburg, Brooklyn on July 12, 2023.

• Abraham Hoffman filed plans for major alteration for 70,690 sqft in Ridgewood, Queens, on July 28, 2022.

• Bushburg Properties borrowed $105 million from Valley National Bank for 2840 Atlantic Avenue, East New York, Brooklyn on June 21, 2022.

• Bushburg Properties borrowed $37.5 million from Webster Bank for 88-132 Chauncey Street, Bedford-Stuyvesant, Brooklyn on June 21, 2022.

• Bushburg Properties borrowed $26 million from Kearny Bank for 55-27 Myrtle Avenue, Ridgewood, Queens on April 14, 2022.