Gary Katz
Downtown Capital Partners
Lender
Downtown Capital Partners portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$3.1 million – specialty 100.0%, condo 0.0%; Brooklyn 100.0%, Manhattan 0.0%
4652th largest portfolio by dollar value
3 properties – Brooklyn 100%, Manhattan 0%
154th largest
0 foreclosures, 1 bankruptcy, 0 other court cases.
Notes
Acquired a lot of All Year Management properties.
Person Activity past 24 months:
Buyer signatory: 0 for $0
Seller signatory: 0 for $0
Borrower signatory: 1 for $11.5 million
Lender signatory: 1 for $61 million
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
Taconic Partners (1), All Year Management (1), Urban View Development Group (1), Greystone & Co. (1), Goldman Sachs (1)
Top Ten Associated People:
Dov Tratner (1), Nadav Hamo (1), Ann Sutton (1)
Recent activity as signatory:
• Downtown Capital Partners borrowed $11.5 million from Greystone & Co. for 169 Graham Avenue and 169 Graham Avenue, Williamsburg, Brooklyn on March 29, 2024.
• All Year Management borrowed $61 million from Downtown Capital Partners for 459 Smith Street, Gowanus, Brooklyn on October 24, 2023.
• Downtown Capital sold 418 East 75th Street, Lenox Hill, Manhattan for $5.8 million to Urban View Development Group on May 03, 2022.
• Downtown Capital sold 309 East 94th Street and 324 East 95th Street, Upper East Side, Manhattan for $70 million to Taconic Partners on December 29, 2021.
• Wendy Katz borrowed $25 million from Goldman Sachs for 1050 3rd Avenue, Upper East Side, Manhattan on September 21, 2021.
Latest Stories:
• H&R REIT acquires majority interest in Gowanus dev site in deal valued at $76.5M March 12, 2024
• Urban View pays $5.8M to Downtown Capital for mixed-use in Lenox Hill May 04, 2022
• Taconic, Nuveen pay $70M to Downtown Capital for dev site in Upper East Side December 30, 2021
• Katz family gets $25M in new debt secured by fee under UES co-op building September 22, 2021