Jack Elo
Elo Organization
Owner
42 W 48th St, New York, NY 10036
Elo Organization portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$53.8 million – office 100%; Manhattan 100%, Bronx 0%
889th largest portfolio by dollar value
201,829 sqft – office 100%;
1182th largest by SF
6 properties – Manhattan 100%, Bronx 0%
151th largest
0 foreclosures, 0 bankruptcies, 1 other court case.
Person Activity past 24 months:
Buyer signatory: 1 for $34.7 million
Seller signatory: 2 for $1.5 million
Borrower signatory: 3 for $35.4 million
Lender signatory: 0 for $0
Developer (new building or major alteration): 1 for 10,785 square feet
Top Ten Associated Companies:
Dime Community Bank (3), Citibank (2), JPMorgan Chase (2), Robert A. Posner (1), Hirshmark Capital (1), Goose Property Management (1), Ray Yadidi (1), William Zeng Zhang Shao (1)
Top Ten Associated People:
William J. Newham III (1), Robert A. Posner (1), Jonathan Misher (1), Yitzchok Katz (1), Payman Yadidi (1), Isaac Chetrit (1), Ursula Flores (1), William Zeng Zhang Shao (1)
Recent activity as signatory:
• Elo Organization sold 768 Flatbush Avenue, Flatbush, Brooklyn for $1.5 million to William Zeng Zhang Shao on December 12, 2024.
• Elo Organization sold 172 Third Avenue, Gowanus, Brooklyn for $0 to Goose Property Management on May 16, 2024.
• Elo Organization borrowed $5.6 million from Dime Community Bank for 19 East 48th Street, Midtown East, Manhattan on February 09, 2024.
• Jack Elo borrowed $8.3 million from Citibank for 575 Degraw Street, Gowanus, Brooklyn on November 13, 2023.
• Jack Elo borrowed $21.5 million from Hirshmark Capital for 6 West 48th Street and N/A 3rd Avenue, Midtown West, Manhattan on November 08, 2023.
• Robert A. Posner sold 6 West 48th Street, Midtown West, Manhattan for $34.7 million to Jack Elo on November 08, 2023.
• Jack Elo filed plans for major alteration for 10,785 sqft in Midtown West, Manhattan, on January 13, 2023.
• Elo Organization borrowed $19.5 million from JPMorgan Chase for 42 West 48th Street, Midtown West, Manhattan on April 25, 2022.
• ELO Organization borrowed $31 million from Dime Community Bank for 30 West 47th Street, Midtown, Manhattan on December 16, 2021.
• ELO Organization borrowed $37.5 million from Dime Community Bank for 39 West 38th Street, 144 West 37th Street, and 40 West 38th Street, Garment District, Manhattan on August 26, 2021.
Latest Stories:
• Elo Organization sells mixed-use in Flatbush for $1.5M December 13, 2024
• Yitzchok Katz of Goose Property in contract to buy Gowanus dev site from Elo Org. May 17, 2024
• Jack Elo pays $34.7M to Robert Posner for office in Midtown West November 09, 2023
• ELO Organization signs $31M refi for Diamond District building December 17, 2021
• Elo Equity ups debt to $141M from Citigroup for property in Times Square December 24, 2020