Daniel Sedlmayer
CTF Development
Owner
CTF Development portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$163.6 million – hotel 68%, D4 31%; Manhattan 100%, Bronx 0%
354th largest portfolio by dollar value
436,252 sqft – hotel 67%, D4 32%;
668th largest by SF
2 properties – Manhattan 100%, Bronx 0%
155th largest
42 residential units – Manhattan 100%, Bronx 0%
756th largest by residential units
Person Activity past 24 months:
Buyer signatory: 0 for $0
Seller signatory: 0 for $0
Borrower signatory: 1 for $40.3 million
Lender signatory: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
HSBC Bank (1), United Overseas Bank (1)
Top Ten Associated People:
Matthew R. Cipoletti (1), Eriberto De Guzman (1), Daniel Chang (1)
Recent activity as signatory:
• CTF Development borrowed $40.3 million from United Overseas Bank for 981 Madison Avenue and 987 Madison Avenue, Lenox Hill, Manhattan on October 29, 2024.
• CTF Development borrowed $40.3 million from HSBC Bank for 981 Madison Avenue and 987 Madison Avenue, the Upper East Side, Manhattan on July 19, 2021.