Berel Farkas
(Barry Farkas, Berel Barry Farkas)
Owner
SilverWolf Group portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$8.4 million – condo 71.0%, walkup 28.0%; Brooklyn 100.0%, Manhattan 0.0%
2906th largest portfolio by dollar value
59,298 sqft – condo 79.0%, walkup 20.0%;
2585th largest by SF
5 properties – Brooklyn 100%, Manhattan 0%
152th largest
53 residential units – Brooklyn 100.0%, Manhattan 0.0%
745th largest by residential units
1 foreclosure, 0 bankruptcies, 8 other court cases.
Notes
Lightstone Management is not related to David Lichtenstein’s Lightstone Group.
Person Activity past 24 months:
Buyer signatory: 0 for $0
Seller signatory: 0 for $0
Borrower signatory: 2 for $35 million
Lender signatory: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
Urban Standard Capital (2), ORIX Real Estate (1), Lument (1), Greystone & Co. (1), Bethpage Federal Credit Union (1)
Top Ten Associated People:
Seth Weissman (2)
Recent activity as signatory:
• Berel Farkas borrowed $17.5 million from Urban Standard Capital for 664 New York Avenue, 664 New York Avenue, and 664 New York Avenue, East Flatbush, Brooklyn on December 13, 2024.
• Berel Farkas borrowed $17.5 million from Urban Standard Capital for 664 New York Avenue, 664 New York Avenue, and 664 New York Avenue, East Flatbush, Brooklyn on December 13, 2024.
• Lightstone Management borrowed $17.5 million from ORIX Real Estateand Lument for 664 New York Avenue, 664 New York Avenue, and 664 New York Avenue, East Flatbush, Brooklyn on June 13, 2022.
• Lightstone Management borrowed $28 million from Greystone & Co. for 200 Linden Boulevard, Flatbush, Brooklyn on January 12, 2021.
• Lightstone Management borrowed $5.4 million from Bethpage Federal Credit Union for 163 Graham Avenue, East Williamsburg, Brooklyn on January 27, 2020.
• Barry Farkas filed plans for new building for 30,466 sqft in Prospect Lefferts Gardens, Brooklyn, on February 23, 2015.
• Barry Farkas filed plans for new building for 26,017 sqft in Flatbush, Brooklyn, on February 05, 2015.
• Barry Farkas filed plans for new building for 50,260 sqft in East Flatbush, Brooklyn, on February 03, 2015.
• Barry Farkas filed plans for new building for 31,290 sqft in East Flatbush, Brooklyn, on September 24, 2014.
Latest Stories:
• $28M pre-foreclosure filed at Lightstone Management’s 69-unit East Flatbush rental August 22, 2024
• Madison Realty buys $23M of debt from Ladder Capital on Lightstone Management rental May 01, 2020
Litigation: