Adam Ibrahim
Candor Capital
(Candor Capital Management)
Owner
1449 37th Street #320 Brooklyn, NY 11218
Candor Capital portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$25.8 million – elevator 30%, condo 23%; Manhattan 60%, Brooklyn 39%
1451th largest portfolio by dollar value
73,896 sqft – condo 32%, elevator 22%;
2273th largest by SF
19 properties – Brooklyn 57%, Manhattan 42%
138th largest
262 residential units – Brooklyn 92%, Manhattan 7%
544th largest by residential units
0 foreclosures, 0 bankruptcies, 2 other court cases.
Person Activity past 24 months:
Buyer signatory: 3 for $21.7 million
Seller signatory: 0 for $0
Borrower signatory: 1 for $14.3 million
Lender signatory: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
Emilio Barletta (2), Morgan Stanley (1), CB Developers (1)
Top Ten Associated People:
Emilio Barletta (2), Cynthia Eckes (1), Bella Sekons (1)
Recent activity as signatory:
• CB Developers sold 208 East 14th Street, None, Manhattan for $2.7 million to Adam Ibrahim on July 21, 2023.
• Candor Capital borrowed $14.3 million from Morgan Stanley for 119 South Street and 108 South Street, Financial District, Manhattan on June 26, 2023.
• Emilio Barletta sold 108 South Street, Financial District, Manhattan for $7.6 million to Candor Capital on June 26, 2023.
• Emilio Barletta sold 119 South Street, Financial District, Manhattan for $11.4 million to Candor Capital on June 26, 2023.