Ben Beitel

Owner

Ben Beitel portfolio

$1.2 million* – B1 100%; Brooklyn 100%, Manhattan 0%

6156th largest portfolio by dollar value

1,440 sqft – B1 100%;

7214th largest by SF

2 residential units – Brooklyn 100%, Manhattan 0%

6605th largest by residential units

Person Activity past 24 months:

Buyer signatory: 2 for $6 million

Borrower signatory: 4 for $312.2 million

Top Ten Associated Companies:

Slate Property Group (3), John Lage (2), William Nussen (1), Cerco Funding (1), Parke Bank (1), Gina Jannuzzi (1)

Top Ten Associated People:

John Lage (2), Stephen Krasman (2), William Nussen (1), Gina Jannuzzi (1)

Recent activity as company:

Beitel Group borrowed $112.9 million from Slate Property Group for 315 Grand Concourse, 270 Walton Avenue, and 261 Grand Concourse, Mott Haven, Bronx on October 02, 2024.

Gina Jannuzzi sold 1702 62nd Street, Bensonhurst, Brooklyn for $2 million to Ben Beitel on July 17, 2024.

Beitel Group borrowed $16.9 million from Parke Bank for 1547 60th Street, Borough Park, Brooklyn on July 09, 2024.

Beitel Group borrowed $150 million from Slate Property Group for 120 East 144th Street, Mott Haven, Bronx on April 22, 2024.

Beitel Group borrowed $32.4 million from Slate Property Group for 120 East 144th Street, Mott Haven, Bronx on April 15, 2024.

William Nussen sold 1547-1555 60th Street, Borough Park, Brooklyn for $4 million to Beitel Group on May 22, 2023.

Beitel Group borrowed $27.5 million from Cerco Funding for 270 Walton Avenue, 315 Grand Concourse, and 261 Grand Concourse, Mott Haven, Bronx on December 06, 2022.

John Lage sold 315 Grand Concourse, Mott Haven, Bronx for $8 million to Beitel Group on December 06, 2022.

John Lage sold 270 Walton Avenue, Mott Haven, Bronx for $15.3 million to Beitel Group on December 06, 2022.

Latest Stories:

• Beitel Group signs $29M refi with Slate in Mott Haven (September 17, 2024)

• Beitel Group signs $150M construction loan with Slate’s Scale for 452-unit project in Mott Haven (April 23, 2024)

• Beitel Group signs $32.4M refi with Slate’s Scale for 470-unit project in Mott Haven (April 16, 2024)

• Beitel Group files plans for 32K sf office building in Borough Park (August 31, 2023)

• Beitel Group pays $4M for industrial in Borough Park (May 23, 2023)

• Beitel Group pays $23.3M to expand dev site in Mott Haven (December 07, 2022)

• Beitel Group pays $41.5M to Weber family for 470-unit dev site in Mott Haven (April 12, 2022)

• Beitel Group pays $9M for commercial property in Mott Haven, four times 2007 price (August 26, 2020)

• Beitel Group borrows $6.8M from First Central Savings to buy property in Mott Haven (August 26, 2020)

Properties:

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*The Portfolio Value is the city’s Market Value, which is typically 50% or less of actual market value.

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