Joel Mandel
Forest Hills Property Group
Owner
71-25 Austin Street Forest Hills, NY 11375
Forest Hills Property Group portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$13.3 million – mixed-use 76%, walkup 23%; Queens 42%, Brooklyn 33%
2224th largest portfolio by dollar value
52,320 sqft – mixed-use 81%, walkup 18%;
2765th largest by SF
4 properties – Brooklyn 50%, Manhattan 25%
153th largest
30 residential units – Manhattan 60%, Brooklyn 40%
768th largest by residential units
Top Ten Associated Companies:
James A. Rubin (1), Signature Bank (1)
Top Ten Associated People:
James A. Rubin (1), Gregory Fantauzzi (1)
Recent activity as signatory:
• Forest Hills Property Group borrowed $7 million from Signature Bank for 70-20 Austin Street, Forest Hills, Queens on November 10, 2022.
• James A. Rubin sold 70-20 Austin Street, Forest Hills, Queens for $12 million to Forest Hills Property Group on November 10, 2022.
• Joel Mandel filed plans for new building for 8,436 sqft in Bedford Park, Bronx, on September 18, 2020.