Jeff Sutton

Wharton Properties

(Wharton Residential Properties, Wharton Residential, Wharton Realty)

500 5th Ave 54th floor, New York, NY 10110

Wharton Properties portfolio

(NYC’s “Market Value,” 50% or less of actual value)

$1.7 billion – office 55%, retail 30%; Manhattan 87%, Brooklyn 8%

34th largest portfolio by dollar value

3,650,870 sqft – office 61%, retail 18%;

75th largest by SF

100 properties – Brooklyn 36%, Manhattan 35%

66th largest

263 residential units – Manhattan 70%, Brooklyn 29%

543th largest by residential units

5 foreclosures, 0 bankruptcies, 3 other court cases.

Person Activity past 24 months:

Buyer signatory: 3 for $47.8 million

Seller signatory: 11 for $1.9 billion

Borrower signatory: 5 for $50.1 million

Lender signatory: 0 for $0

Developer (new building or major alteration): 0 for 0 square feet

Top Ten Associated Companies:

Valley National Bank (3), Prada (3), Webster Bank (2), BLDG Management (2), Bank of China (1), Roni Chera (1), Carol Chera (1), Maurizio Prainito (1), Samuel Frankel (1), Junction Management (1)

Top Ten Associated People:

Maurizio Ciabatti (3), Lloyd Goldman (2), Bradley D. Berkley (1), Christopher Gregg (1), Oren Sapirstein (1), Roni Chera (1), Carol Chera (1), Roger Rofe (1), Oren Sapertein (1), Gabriel Safdie (1)

Recent activity as signatory:

• SL Green Realty sold 690 Madison Avenue, Lenox Hill, Manhattan for $34 million to Wharton Properties on December 11, 2024.

• Wharton Properties sold 1602 Kings Highway, Sheepshead Bay, Brooklyn for $12.8 million to Leonid Vayner on October 24, 2024.

• Ashkenazy Acquisitionand 101 Holdingsand Wharton Properties sold 21 East 62nd Street, Lenox Hill, Manhattan for $7.4 million to JSRE Acquisitions on October 23, 2024.

• Wharton Properties borrowed $20 million from U.S. Century Bank for 101 Wooster Street, SoHo, Manhattan on September 12, 2024.

• Wharton Propertiesand Midtown Equities sold 449 Myrtle Avenue, Clinton Hill, Brooklyn for $9.4 million to Peggy Hung Chun Ma on April 26, 2024.

• Wharton Propertiesand Aurora Capital Associatesand ACHS Management borrowed $10 million from NongHyup Bank for 511 5th Avenue, Grand Central, Manhattan on April 18, 2024.

• Wharton Properties sold 11-08 154th Street and 11-10 154th Street, Whitestone, Queens for $3 million to Little Flock Church on February 28, 2024.

• Wharton Properties sold 717 5th Avenue and 717 5th Avenue, Midtown East, Manhattan for $963 million to Kering on January 24, 2024.

• Wharton Properties borrowed $0 from Blackstone Group for 11-08 154th Street and 11-10 154th Street, Whitestone, Queens on January 11, 2024.

• Wharton Properties sold 724 5th Avenue, 724 5th Avenue, and 724 5th Avenue, Midtown West, Manhattan for $425 million to Prada on January 04, 2024.