Alexander Forkosh
Forkosh Development Group
Developer, Owner
Forkosh Development Group portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$80 million – hotel 62%, walkup 22%; Manhattan 85%, Brooklyn 14%
655th largest portfolio by dollar value
434,549 sqft – hotel 66%, D3 13%;
673th largest by SF
10 properties – Manhattan 70%, Brooklyn 30%
147th largest
297 residential units – Manhattan 93%, Brooklyn 6%
512th largest by residential units
Other Links:
Person Activity past 24 months:
Buyer signatory: 3 for $12 million
Seller signatory: 0 for $0
Borrower signatory: 2 for $58.4 million
Lender signatory: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
Christine Ausnit Hood (3), Byron Hood (3), Carter Management (2), Madison Realty Capital (1), PCCP (1), Bank of America (1), Webster Bank (1), Jeffrey Wolf (1), Bethpage Federal Credit Union (1)
Top Ten Associated People:
Byron Hood (3), Jason Carter (2), Brian Shatz (1), William R. Lindsat (1), Elisa De Jesus (1), Jeffrey Wolf (1), Brandon Wolfe (1), Robert Fish (1)
Recent activity as signatory:
• Forkosh Development Group borrowed $5.4 million from Webster Bank for 5923 Strickland Avenue and 5923 Strickland Avenue, Mill Basin, Brooklyn on October 03, 2024.
• Forkosh Development borrowed $53 million from Bank of America for 305 East 61st Street, 305 East 61st Street, 305 East 61st Street, 305 East 61st Street, 305 East 61st Street, and others, Lenox Hill, Manhattan on June 06, 2024.
• Christine Ausnit Hoodand Byron Hood sold 122 East 61st Street, Lenox Hill, Manhattan for $3.2 million to Forkosh Development Group on May 12, 2023.
• Christine Ausnit Hoodand Byron Hood sold 130 East 61st Street, Lenox Hill, Manhattan for $5.7 million to Forkosh Development Group on May 12, 2023.
• Christine Ausnit Hoodand Byron Hood sold 124 East 61st Street, Lenox Hill, Manhattan for $3 million to Forkosh Development Group on May 11, 2023.
• Forkosh Development Group borrowed $55 million from PCCP for 305 East 61st Street, Lenox Hill, Manhattan on July 08, 2022.
• Forkosh Development Group borrowed $6 million from Bethpage Federal Credit Union for 757 Clinton Street, Red Hook, Brooklyn on February 08, 2022.
• Forkosh Development Group borrowed $26.5 million from Madison Realty Capital for 305 East 61st Street, Lenox Hill, Manhattan on January 26, 2022.
• Carter Management sold 305 East 61st Street, Lenox Hill, Manhattan for $35 million to Forkosh Development Group on January 19, 2022.
• Coral Realty sold 148 East 33rd Street, Kips Bay, Manhattan for $11 million to Carter Management on January 07, 2022.
Latest Stories:
• Forkosh pays $12M for three walkups on 61st Street in Lenox Hill May 15, 2023
• Forkosh Development signs $55M rehab construction loan with PCCP for in Lenox Hill July 11, 2022
• Alex Forkosh pays $35M to Carter Management for 14-unit building in Lenox Hill January 20, 2022
• Carter Management pays $11M to Forkosh Development for garage in Kips Bay January 10, 2022
• Carter Management ups debt to $33M with Raith Capital for property in Lenox Hill April 15, 2021
• Forkosh Development pays $9M to Wolfs for garage in Kips Bay January 21, 2021
• Carter Management acquires title to bankrupt Lenox Hill conversion for $51.4M October 20, 2020