Joel Kestenbaum

Fortis Property Group

Fortis Property Group portfolio

$39.7 million* – elevator 100%; Brooklyn 100%, Manhattan 0%

1101th largest portfolio by dollar value

362,940 sqft – elevator 100%;

800th largest by SF

76 residential units – Brooklyn 100%, Manhattan 0%

1694th largest by residential units

1 foreclosure, 0 bankruptcies, 7 other court cases.

Top Ten Associated Companies:

Madison Realty Capital (3), G4 Capital Partners (1)

Top Ten Associated People:

Joshua Zegen (2), Robyn Sorid (1)

Recent activity as company:

Fortis Property Group sold 91-95 Pacific Street, Cobble Hill, Brooklyn for $92.1 million to Madison Realty Capital on November 18, 2022.

Fortis Property Group sold 350 Hicks Street, Cobble Hill, Brooklyn for $53 million to Madison Realty Capital on November 18, 2022.

Fortis Property Group borrowed $254.8 million from G4 Capital Partners for 30 Front Street, DUMBO, Brooklyn on December 23, 2021.

Fortis Property Group borrowed $162.8 million from Madison Realty Capital for 30 Front Street, Fulton Ferry, Brooklyn on October 19, 2020.

Court Records:

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*The Portfolio Value is the city’s Market Value, which is typically 50% or less of actual market value.

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