Chaim Wurzberger
(Charles Wurzberger)
President
Candor Capital
(Candor Capital Management)
Developer, Owner
1449 37th Street #320 Brooklyn, NY 11218
Candor Capital portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$25.8 million – elevator 30%, condo 23%; Manhattan 60%, Brooklyn 39%
1451th largest portfolio by dollar value
73,896 sqft – condo 32%, elevator 22%;
2273th largest by SF
19 properties – Brooklyn 57%, Manhattan 42%
138th largest
262 residential units – Brooklyn 92%, Manhattan 7%
544th largest by residential units
0 foreclosures, 0 bankruptcies, 2 other court cases.
Person Activity past 24 months:
Buyer signatory: 1 for $4.5 million
Seller signatory: 1 for $7.2 million
Borrower signatory: 8 for $116.8 million
Lender signatory: 0 for $0
Developer (new building or major alteration): 2 for 34,217 square feet
Top Ten Associated Companies:
S3 Capital (4), Webster Bank (2), Carlyle Group (2), Greenbrook Partners (2), Rocklyn Asset Corp. (1), Peapack-Gladstone Bank (1), Bank of Montreal (1), Valley National Bank (1), Yousef Lati (1), JLL (1)
Top Ten Associated People:
Carter Martin (2), Coleen A. Ceriello (1), Candida R. Almeida (1), Michael Birajiclian (1), Joshua Crane (1), Craig Ferreira (1), Glenn P. Lunde (1), Yousef Lati (1), Teresa Goerish (1), Cynthia Eckes (1)
Recent activity as signatory:
• Candor Capital sold 489 3rd Avenue, Gowanus, Brooklyn for $7.2 million to MRM Equity on January 03, 2025.
• Candor Capital borrowed $13.5 million from Morgan Stanley for 835 Maple Street and 837 Maple Street, East Flatbush, Brooklyn on November 22, 2024.
• Chaim Wurzberger borrowed $16.4 million from S3 Capital for 716 East 32nd Street and 3120 Glenwood Road, East Flatbush, Brooklyn on November 06, 2024.
• Charles Wurzberger filed plans for major alteration for 4,305 sqft in Brownsville, Brooklyn, on October 16, 2024.
• Candor Capital borrowed $20 million from Bank of Montreal for 80 Linden Boulevard, Flatbush, Brooklyn on October 01, 2024.
• Charles Wurzberger filed plans for new building for 29,912 sqft in Prospect Lefferts Gardens, Brooklyn, on June 07, 2024.
• Candor Capital borrowed $16 million from S3 Capital for 1611-1615 Cedar Avenue, Midwood, Brooklyn on November 09, 2023.
• Yousef Lati sold 1611-1615 Cedar Street, Midwood, Brooklyn for $4.5 million to Candor Capital on November 09, 2023.
• Candor Capital borrowed $18 million from Webster Bank for 333 Linden Blvd, East Flatbush, Brooklyn on November 02, 2023.
• Candor Capital borrowed $6 million from S3 Capital for 1558 Nostrand Avenue, East Flatbush, Brooklyn on June 15, 2023.
Latest Stories:
• New Jersey investor pays $7.2M to Candor Capital for Gowanus rental January 06, 2025
• Chaim Wurzberger signs $16.4M construction loan for development in East Flatbush November 07, 2024
• Candor Capital pays $4.5M for dev site, gets $16M construction loan, in Midwood November 10, 2023
• Candor Capital signs $10.9M refi for development in East Flatbush April 10, 2023
• Carlyle Group pays $6.1M to Chaim Wurzberger for 8-unit walkup in Park Slope November 08, 2022