Jack Guttman
Pearl Realty Management
Owner
Pearl Realty Management portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$174.2 million – industrial 45%, office 32%; Brooklyn 76%, Bronx 11%
333th largest portfolio by dollar value
1,204,980 sqft – industrial 57%, office 24%;
276th largest by SF
64 properties – Brooklyn 51%, Bronx 39%
93th largest
8 residential units – Brooklyn 100%, Manhattan 0%
790th largest by residential units
Person Activity past 24 months:
Buyer signatory: 1 for $29.5 million
Seller signatory: 3 for $175.9 million
Borrower signatory: 0 for $0
Lender signatory: 0 for $0
Developer (new building or major alteration): 3 for 62,174 square feet
Top Ten Associated Companies:
TF Cornerstone (2), Michael Allocco (1), Halcyon Management (1), Madison Capital (1), Richard Fischler (1), Michael O’ Brien (1), Todd W. Hooper (1), Arthur Citarrella (1), Samson Management (1)
Top Ten Associated People:
Jeremy Shell (2), Michael Allocco (1), Lipa Friedman (1), J. Joseph Jacobson (1), Richard Fischler (1), Michael O’ Brien (1), John C. Slattery (1), Todd W. Hooper (1), Arthur Citarrella (1), Brian McCarthy (1)
Recent activity as signatory:
• Samson Management sold 92 Third Street, Gowanus, Brooklyn for $29.5 million to Pearl Realty Management on October 08, 2024.
• Pearl Realty Management sold 24 Oak Street, None, Brooklyn for $30 million to TF Cornerstone on August 08, 2024.
• Pearl Realty Management sold 43 West Street, Greenpoint, Brooklyn for $144.1 million to TF Cornerstone on August 08, 2024.
• Jack Guttman filed plans for major alteration for 23,404 sqft in Vinegar Hill, Brooklyn, on April 05, 2024.
• Jack Guttman filed plans for major alteration for 25,436 sqft in Red Hook, Brooklyn, on December 28, 2023.
• Jack Guttman filed plans for major alteration for 13,334 sqft in Red Hook, Brooklyn, on October 19, 2023.
• Jack Guttman sold N/A West Street, Greenpoint, Brooklyn for $1.8 million to Halcyon Management on June 27, 2023.
• Jack Guttman filed plans for major alteration for 22,104 sqft in Vinegar Hill, Brooklyn, on November 23, 2022.
• Jack Guttman filed plans for major alteration for 43,847 sqft in Greenpoint, Brooklyn, on August 12, 2022.
• Michael Allocco sold 591 Meserole Street and 581 Meserole Street, East Williamsburg, Brooklyn for $6.4 million to Pearl Realty Management on January 25, 2022.
Latest Stories:
• Madison Capital clearing Red Hook dev site acquired for $45M last year September 26, 2022
• Jack Guttman of Pearl Realty pays $6.4M for dev site in East Williamsburg January 26, 2022
• Jack Guttman pays $7.9M to Arthur Citarrella for industrial in Corona December 15, 2021
• Jack Guttman pays $15.9M for three properties in Hunts Point November 08, 2021
• Jack Guttman pays $3.2M for industrial in Hunts Point October 19, 2021
• Madison Capital pays $45M to Jack Guttman for two industrial buildings in Red Hook June 09, 2021
• Lipa Friedman’s M&H Realty signs easement with NYS for Greenpoint parcels October 16, 2019