Joel Kestenbaum

Fortis Property Group

Fortis Property Group portfolio

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

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

1084th largest portfolio by dollar value

362,940 sqft – elevator 100%;

781th largest by SF

76 residential units – Brooklyn 100%, Manhattan 0%

722th 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 signatory:

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.

Joel Kestenbaum filed plans for new building for 35,295 sqft in DUMBO, Brooklyn, on September 24, 2018.

Joel Kestenbaum filed plans for new building for 250,036 sqft in DUMBO, Brooklyn, on September 18, 2018.

Joel Kestenbaum filed plans for new building for 59,431 sqft in Hell’s Kitchen, Manhattan, on June 26, 2012.

Joel Kestenbaum filed plans for new building for 54,048 sqft in Hell’s Kitchen, Manhattan, on June 26, 2012.

Litigation:

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