Edward Ostad
Owner
185 Madison Ave 10th Fl New York, NY 10016
Edward Ostad portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$127.2 million – walkup 53%, elevator 26%; Manhattan 66%, Brooklyn 15%
436th largest portfolio by dollar value
665,772 sqft – walkup 47%, elevator 42%;
474th largest by SF
37 properties – Manhattan 54%, Brooklyn 27%
120th largest
697 residential units – Manhattan 66%, Bronx 14%
295th largest by residential units
0 foreclosures, 0 bankruptcies, 2 other court cases.
Person Activity past 24 months:
Buyer signatory: 9 for $40.5 million
Seller signatory: 0 for $0
Borrower signatory: 2 for $24.5 million
Lender signatory: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
Signature Bank (7), New York Community Bank (4), Danielle Downing (4), Suzanne Castagna (2), John Delsoin (1), Jeffrey Parras (1), Vanbarton Group (1), Santander Bank (1), Joseph Hentze (1), Bongju Shim (1)
Top Ten Associated People:
Danielle Downing (4), Suzanne Castagna (2), John Delsoin (1), Jeffrey Parras (1), Justin B. Kleinman (1), Gail Naviasky (1), Joseph Hentze (1), Bongju Shim (1), Ann Hwa Yup Shim (1), Edward J. Bullard, Jr. (1)
Recent activity as signatory:
• Allegrino Sale sold 433 Court Street and 431 Court Street, Carroll Gardens, Brooklyn for $5.7 million to Edward Ostad on December 19, 2024.
• Related Companies sold 103 3rd Place, Carroll Gardens, Brooklyn for $3.4 million to Edward Ostad on November 21, 2024.
• Suzanne Castagna sold 115 Seigel Street and 100 Graham Avenue, Williamsburg, Brooklyn for $3.8 million to Edward Ostad on November 13, 2024.
• Suzanne Castagna sold 98 Graham Avenue, Williamsburg, Brooklyn for $3.5 million to Edward Ostad on November 13, 2024.
• Edward Ostad borrowed $10 million from Citibank for 817 9th Avenue and 819 9th Avenue, Hell’s Kitchen, Manhattan on July 24, 2024.
• Edward Ostad borrowed $14.5 million from Amalgamated Bank for 714 Greenwich Street, 746 9th Avenue, 301 East 90th St, and 723 11th Avenue, West Village, Manhattan on March 29, 2024.
• Danielle Downing sold 723 11th Avenue, Hell’s Kitchen, Manhattan for $5 million to Edward Ostad on March 29, 2024.
• Danielle Downing sold 746 Ninth Avenue, Hell’s Kitchen, Manhattan for $7.2 million to Edward Ostad on March 29, 2024.
• Danielle Downing sold 714 Greenwich Street, West Village, Manhattan for $4.4 million to Edward Ostad on March 29, 2024.
• Danielle Downing sold 1732 2nd Avenue, Yorkville, Manhattan for $5.2 million to Edward Ostad on March 29, 2024.
Latest Stories:
• Edward Ostad pays $5.7M for two mixed-use, retail building in Carroll Gardens December 20, 2024
• Edward Ostad pays $3.4M to Related for 8-unit walkup in Carroll Gardens November 22, 2024
• Edward Ostad pays $7.25M for 3 buildings in Williamsburg November 14, 2024
• Edward Ostad pays $21.9M for four walkups in Manhattan April 01, 2024
• Son Dinh Tran pays $4M for residential walkup in East Village December 16, 2022
• Edward Ostad pays $3.8M to Joseph Hentze for 7-unit walkup in Sunset Park July 13, 2022
• Tristar Management pays $6.2M to SMA Equities for retail in Melrose May 24, 2022
• Edward Ostad pays $8.5M for two mixed-use properties in Hell’s Kitchen May 18, 2022
• Edward Ostad pays $4M to Abingdon Square for residential walkup in Sunset Park April 07, 2022
• Edward Ostad pays $2.1M to John Delsoin for 8-unit walkup in Flatbush February 23, 2022
Litigation: