Edward Setton
Shamco Management
Owner
Shamco Management portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$39.1 million – elevator 52%, walkup 47%; Manhattan 57%, Brooklyn 42%
1096th largest portfolio by dollar value
443,500 sqft – elevator 52%, walkup 47%;
658th largest by SF
13 properties – Manhattan 69%, Brooklyn 30%
144th largest
485 residential units – Manhattan 55%, Brooklyn 44%
380th largest by residential units
Person Activity past 24 months:
Buyer signatory: 0 for $0
Seller signatory: 0 for $0
Borrower signatory: 2 for $21.4 million
Lender signatory: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
New York Community Bank (14), Denali Management (1), Berkadia Commercial Mortgage (1), Capital One (1), JPMorgan Chase (1)
Top Ten Associated People:
Jonathan Wiener (1), John Feijoo (1), Robert Harrison (1)
Recent activity as signatory:
• Shamco Management borrowed $6.1 million from Berkadia Commercial Mortgage for 860 Ocean Avenue, Flatbush, Brooklyn on August 19, 2024.
• Shamco Management borrowed $15.3 million from New York Community Bank for 530-532 West 147th Street, 522-524 West 147th Street, 534-536 West 147th Street, and 526-528 West 147th Street, Harlem, Manhattan on February 14, 2023.
• Shamco Management borrowed $6.4 million from New York Community Bank for 543 East 21st Street, Flatbush, Brooklyn on May 17, 2022.
• Shamah Propertes sold 690 Rogers Avenue, Flatbush, Brooklyn for $6 million to Denali Management on January 11, 2022.
• Shamco Management borrowed $12.7 million from New York Community Bank for 283 Albany Avenue, Crown Heights, Brooklyn on July 28, 2021.
• Shamco Management borrowed $5.8 million from New York Community Bank for 465 Ocean Avenue, Flatbush, Brooklyn on July 20, 2021.
• Shamco Management borrowed $7.7 million from New York Community Bank for 560 West 174th Street, Washington Heights, Manhattan on July 20, 2021.
• Meridian Capital Group borrowed $7.3 million from New York Community Bank for 2110 Newkirk Avenue, Flatbush, Brooklyn on May 26, 2021.
• Edward Setton borrowed $7.2 million from New York Community Bank for 65 East 19th Street, Flatbush, Brooklyn on February 23, 2021.
• Edward Setton borrowed $7.1 million from New York Community Bank for 79 Bristol Street, Brownsville, Brooklyn on January 28, 2021.