David Somerstein
Owner
David Somerstein portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$16 million – walkup 51%, C0 24%; Bronx 94%, Manhattan 5%
1980th largest portfolio by dollar value
175,532 sqft – walkup 71%, N9 13%;
1316th largest by SF
17 properties – Bronx 94%, Manhattan 5%
140th largest
332 residential units – Bronx 96%, Manhattan 3%
485th largest by residential units
Person Activity past 24 months:
Buyer signatory: 0 for $0
Seller signatory: 0 for $0
Borrower signatory: 0 for $0
Lender signatory: 0 for $0
Developer (new building or major alteration): 1 for 10,506 square feet
Top Ten Associated Companies:
Jack Notrica (7), Flushing Bank (3), David T. Diamond (1)
Top Ten Associated People:
Jack Notrica (7), David T. Diamond (1)
Recent activity as signatory:
• David Somerstein filed plans for major alteration for 10,506 sqft in Fort Greene, Brooklyn, on February 07, 2024.
• David Somerstein filed plans for major alteration for 9,386 sqft in East Morrisania, Bronx, on September 29, 2022.
• Jack Notrica sold 1214 Hoe Avenue, 1216 Hoe Avenue, and 1218 Hoe Avenue, East Morrisania, Bronx for $5 million to David Somerstein on February 10, 2022.
• Jack Notrica sold 757-759 Dawson Street, Longwood, Bronx for $2.5 million to David Somerstein on February 10, 2022.
• David Somerstein borrowed $8.5 million from Flushing Bank for 1214 Hoe Avenue, 1216 Hoe Avenue, 1218 Hoe Avenue, 757-759 Dawson Street, 1070 Fox Street, and others, East Morrisania, Bronx on February 10, 2022.
• Jack Notrica sold 1848 Anthony Avenue, Mt Hope, Bronx for $2.9 million to David Somerstein on January 27, 2022.
• Jack Notrica sold 719 Prospect Avenue, Longwood, Bronx for $2.5 million to David Somerstein on January 27, 2022.
• Jack Notrica sold 963 Prospect Avenue, Morrisania, Bronx for $7.3 million to David Somerstein on January 27, 2022.
• David Somerstein borrowed $9.8 million from Flushing Bank for 963 Prospect Avenue, 1848 Anthony Avenue, 719 Prospect Avenue, and 110 East 182nd Street, Morrisania, Bronx on January 27, 2022.
• Jack Notrica sold 2287 University Avenue, University Heights, Bronx for $5.8 million to David Somerstein on January 27, 2022.