Chaim Nortman
Nortco Development
Owner
Nortco Development portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$10.8 million – walkup 67%, elevator 32%; Manhattan 100%, Bronx 0%
2511th largest portfolio by dollar value
46,000 sqft – walkup 67%, elevator 32%;
2940th largest by SF
4 properties – Manhattan 100%, Bronx 0%
153th largest
56 residential units – Manhattan 100%, Bronx 0%
742th largest by residential units
Person Activity past 24 months:
Buyer signatory: 0 for $0
Seller signatory: 0 for $0
Borrower signatory: 1 for $13 million
Lender signatory: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
Bank Hapoalim (2), Northwind Group (1)
Top Ten Associated People:
Judy Barnes (1), Ingo Cruz Pinto (1)
Recent activity as signatory:
• Nortco Development borrowed $13 million from Bank Hapoalim for 574 Amsterdam Avenue, 568 Amsterdam Avenue, 570 Amsterdam Avenue, and 572 Amsterdam Avenue, Upper West Side, Manhattan on July 24, 2024.
• Chaim Nortman borrowed $43.1 million from Bank Hapoalim for 11 Hancock Place, 11 Hancock Place, 11 Hancock Place, 11 Hancock Place, 11 Hancock Place, and others, Harlem, Manhattan on December 01, 2021.
• Chaim Nortman borrowed $15.5 million from Northwind Group for 165 Chrystie Street, Lower East Side, Manhattan on November 16, 2021.