David Kusy
GAIA Real Estate Holdings
GAIA Real Estate Holdings portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$52.4 million – elevator 63%, walkup 35%; Brooklyn 64%, Manhattan 35%
901th largest portfolio by dollar value
168,389 sqft – elevator 71%, walkup 28%;
1353th largest by SF
7 properties – Manhattan 57%, Brooklyn 42%
150th largest
201 residential units – Brooklyn 58%, Manhattan 41%
598th largest by residential units
Person Activity past 24 months:
Buyer signatory: 0 for $0
Seller signatory: 0 for $0
Borrower signatory: 1 for $33.5 million
Lender signatory: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
SMA Equities (3), Hope Street Capital (1), Raymond James Bank (1), Granite International Management (1), Anbau, Inc. (1), Bank of America (1), JLL (1)
Top Ten Associated People:
Edward J. Bullard Jr. (3), Robert Gershon (1), William W. Farriss (1), Alistair Economakis (1), Steven Gorey (1), Patrick McCarren (1)
Recent activity as signatory:
• GAIA Real Estate borrowed $33.5 million from JLL for 54 East 3rd Street, 50 East 3rd Street, and 58 East 3rd Street, East Village, Manhattan on October 08, 2024.
• GAIA Real Estate Holdings borrowed $50 million from Raymond James Bank for 53 Hope Street, 67 Hope Street, and N/A Hope Street, Williamsburg, Brooklyn on September 13, 2022.
• Hope Street Capital sold 53 Hope Street, 67 Hope Street, and N/A Hope Street, Williamsburg, Brooklyn for $80 million to GAIA Real Estate Holdings on September 13, 2022.
• Granite International Management sold 106 Norfolk Street, Lower East Side, Manhattan for $14 million to GAIA Real Estate Holdings on August 24, 2022.
• SMA Equities sold 99 Allen Street, Lower East Side, Manhattan for $10.2 million to GAIA Real Estate Holdings on June 13, 2022.
• SMA Equities sold 177 Ludlow Street, Lower East Side, Manhattan for $10.4 million to GAIA Real Estate Holdings on June 13, 2022.
• SMA Equities sold 102 Norfolk Street, Lower East Side, Manhattan for $14.1 million to GAIA Real Estate Holdings on June 13, 2022.
• Anbau, Inc. sold 50 East 3rd Street, 54 East 3rd Street, and 58 East 3rd Street, East Village, Manhattan for $49.5 million to GAIA Real Estate on September 02, 2021.
• GAIA Real Estate borrowed $36 million from Bank of America for 50 East 3rd Street, 54 East 3rd Street, and 58 East 3rd Street, East Village, Manhattan on September 02, 2021.