Adam Sussi
Tredway
Owner
Tredway portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$86.2 million – elevator 76%, walkup 23%; Brooklyn 100%, Manhattan 0%
616th largest portfolio by dollar value
1,094,304 sqft – elevator 92%, walkup 7%;
309th largest by SF
7 properties – Brooklyn 100%, Manhattan 0%
150th largest
1,009 residential units – Brooklyn 100%, Manhattan 0%
223th largest by residential units
0 foreclosures, 0 bankruptcies, 1 other court case.
Person Activity past 24 months:
Buyer signatory: 5 for $240 million
Seller signatory: 0 for $0
Borrower signatory: 2 for $217.2 million
Lender signatory: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
Arker Companies (3), Related Companies (3), AMS Realty (2), Deutsche Bank (1), Wells Fargo (1)
Top Ten Associated People:
Matthew Finkle (3), David K Zussman (3), Alexander Arker (3), Dina Arker (3), Daniel Moritz (3), Abram Shnay (2)
Recent activity as signatory:
• Tredwayand Elh Mgmt. borrowed $97.2 million from Wells Fargo for 80 Greene Avenue, 53 St Felix Street, 33 St Felix Street, and 221 Ashland Place, Fort Greene, Brooklyn on June 26, 2024.
• AMS Realty sold 53 St Felix Street, 33 St Felix Street, and 221 Ashland Place, Fort Greene, Brooklyn for $55 million to Tredwayand Elh Mgmt. on June 26, 2024.
• AMS Realty sold 80 Greene Avenue, Fort Greene, Brooklyn for $35 million to Tredwayand Elh Mgmt. on June 26, 2024.
• Tredwayand Gilbane Developmentand ELH Mgmt.and Brookfield Asset Management borrowed $120 million from Deutsche Bank for 2930 West 30th Street, 2966 West 28th Street, and 2828 West 28th Street, Coney Island, Brooklyn on June 13, 2023.
• Arker Companiesand Related Companies sold 2930 West 30th Street, Coney Island, Brooklyn for $61.4 million to Tredwayand Gilbane Developmentand ELH Mgmt.and Brookfield Asset Management on June 13, 2023.
• Arker Companiesand Related Companies sold 2828 West 28th Street, Coney Island, Brooklyn for $28.5 million to Tredwayand Gilbane Developmentand ELH Mgmt.and Brookfield Asset Management on June 13, 2023.
• Arker Companiesand Related Companies sold 2966 West 28th Street, Coney Island, Brooklyn for $60.1 million to Tredwayand Gilbane Developmentand ELH Mgmt.and Brookfield Asset Management on June 13, 2023.