Jacob Aini
Owner
Jacob Aini portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$184.2 million – office 72%, hotel 24%; Manhattan 99%, Bronx 0%
312th largest portfolio by dollar value
588,288 sqft – office 72%, hotel 20%;
525th largest by SF
7 properties – Manhattan 71%, Brooklyn 28%
150th largest
520 residential units – Manhattan 97%, Brooklyn 2%
363th largest by residential units
Person Activity past 24 months:
Buyer signatory: 0 for $0
Seller signatory: 0 for $0
Borrower signatory: 4 for $379.4 million
Lender signatory: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
Speedway (3), Morgan Stanley (2), H.I.G. Capital (1), Bank Hapoalim (1), Bank of Montreal (1), Weihong Hu (1), HUBB NYC (1)
Top Ten Associated People:
Gregory S. Whitman (2), Steve Dorritie (1), Beth A. Hunter (1), Michael Mestel (1), Ilana Druyan (1), David Kesselman (1), Michael S. Birajiclian (1), Weihong Hu (1), David Haley (1), John P. McCarthy (1)
Recent activity as signatory:
• Raizada S. Vaidand Jacob Aini borrowed $88.8 million from Morgan Stanley for 63 West 38th Street, Garment District, Manhattan on July 31, 2024.
• Jay Groupand AB & Sons Groupand Jacob Aini borrowed $117 million from Bank of Montreal for 620 West 153rd Street, Harlem, Manhattan on April 17, 2024.
• Jay Groupand Jacob Aini borrowed $92 million from Bank Hapoalim for 401 West 207th Street, Inwood, Manhattan on October 03, 2023.
• Jay Groupand AB & Sons Groupand Jacob Aini borrowed $81.6 million from H.I.G. Capital for 620 West 153rd Street, Harlem, Manhattan on April 11, 2023.
• Speedway sold 1885 Atlantic Avenue, Bedford-Stuyvesant, Brooklyn for $4.5 million to Jay Group on March 31, 2022.
• Speedway sold 2864 Atlantic Avenue, East New York, Brooklyn for $7.5 million to Jay Group on March 31, 2022.
• Speedway sold 210 Greenpoint Avenue, Greenpoint, Brooklyn for $5.6 million to Jay Group on March 31, 2022.
• Abraham Betesh borrowed $5.1 million from company for 1256 Ocean Avenue, Flatbush, Brooklyn on January 24, 2022.
• Aini Assets borrowed $21 million from Morgan Stanley for 1694 Church Avenue, Flatbush, Brooklyn on October 25, 2021.
• Jay Group borrowed $45 million from company for 56 West 125th Street, 56 West 125th Street, and 56 West 125th Street, Harlem, Manhattan on September 29, 2021.
Latest Stories:
• Jay Group, Jacob Aini sign $92M construction loan for 270-unit project in Inwood October 04, 2023
• Jay Group signs $34.8M construction loan for 70-unit project in Greenpoint April 17, 2023
• HUBB NYC signs $60M refi with MetLife for building in Harlem February 11, 2022
• HUBB NYC pays $105M to Jay Group for 141-unit apartment in Harlem September 30, 2021