Benjamin Shaoul

Magnum Real Estate Group

Magnum Real Estate Group|RoundSquare Development|Magnum Real Estate Group|CIM Group portfolio

$164.8 million* – condo 90.0%, C0 4.0%; Manhattan 100.0%, Bronx 0.0%

365th largest portfolio by dollar value

740,384 sqft – condo 95.0%, elevator 3.0%;

446th largest by SF

84 properties – Manhattan 100%, Bronx 0%

111th largest

104 residential units – Manhattan 100.0%, Bronx 0.0%

1404th largest by residential units

1 foreclosure, 0 bankruptcies, 4 other court cases.

Person Activity past 24 months:

Buyer signatory: 1 for $17.6 million

Seller signatory: 2 for $47.6 million

Borrower signatory: 3 for $69.8 million

Top Ten Associated People:

Andrea Riina (2), Mindy H. Stern (2), Seth Yablans (1), Elad Dror (1), Melissa D. Hirsch (1), Elena Dokianos (1), Avi Lieberman (1), Michael S. Birajiclian (1), Timothy Merjos (1), Elaine McKay (1)

Recent activity as company:

Magnum Real Estate Group borrowed $35.3 million from BH3 Management for 140 West Street, 140 West Street, 140 West Street, and 140 West Street, None, Manhattan on October 08, 2024.

Magnum Real Estate Group and CIM Group sold 140 West Street and 140 West Street, None, Manhattan for $17.6 million to Magnum Real Estate Group on October 08, 2024.

Magnum Real Estate Group borrowed $25 million from Israel Discount Bank for 815 Broadway, Greenwich Village, Manhattan on July 09, 2024.

Magnum Real Estate Group borrowed $9.5 million from JPMorgan Chase for 131 Charles Street, West Village, Manhattan on October 26, 2023.

Magnum Real Estate Group sold 163 Ludlow Street, 165 Ludlow Street, and 167 Ludlow Street, Lower East Side, Manhattan for $30 million to Tatar Holding on May 04, 2023.

Magnum Real Estate Group sold 81 Charles Street, West Village, Manhattan for $4 million to Northern Trust Company on February 03, 2022.

Magnum Real Estate Group sold 81 Charles Street, West Village, Manhattan for $10.2 million to Northern Trust on January 06, 2022.

Seth Yablans sold 81 Charles Street, West Village, Manhattan for $6 million to Magnum Real Estate Group on January 05, 2022.

Magnum Real Estate Group borrowed $23.5 million from Bank of Montreal for 167 Ludlow Street, 165 Ludlow Street, and 163 Ludlow Street, Lower East Side, Manhattan on September 13, 2021.

RoundSquare Development sold 133 West 22nd Street, Chelsea, Manhattan for $2.4 million to AKAM Living Services on May 26, 2021.

Latest Stories:

• Starwood acquires landmarked Chelsea townhouse following $9.2M foreclosure (July 29, 2024)

• Magnum signs $25M construction loan for 20-unit condo in Greenwich Village (July 10, 2024)

• Courts roundup: Kalimian-Amirian settlements, $15M Clinton Hill note sale, $13.7M Chelsea auction (May 10, 2024)

• Courts roundup: $23M LIC pre-foreclosure; second round $65M Midwood pre-foreclosure, $9.2M East Village forbearance (February 09, 2024)

• German investor Tatar Holding pays $30M to Magnum for 3 LES walkups (May 04, 2023)

• Magnum Real Estate buys out partner at West Village walk-up for $6M (January 06, 2022)

• Akam pays $11M to Magnum, RoundSquare for retail condos in Chelsea (May 27, 2021)

• Magnum Real Estate signs $74.9M condo inventory loan with Ares Commercial in FiDi (May 06, 2021)

• Magnum Real Estate pays $4.3M for 8-unit rental in West Village (March 10, 2021)

• Magnum Real Estate Group borrows $19M from Arbor Realty for multifamily property in Lower East Side (January 23, 2020)

Court Records:

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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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