Joseph Caruso
Arden Group
Arden Group portfolio
$28.5 million* – hotel 95%, development 4%; Manhattan 100%, Bronx 0%
1365th largest portfolio by dollar value
158,519 sqft – hotel 100%, development 0%;
1438th largest by SF
2 properties – Manhattan 100%, Bronx 0%
3036th largest
222 residential units – Manhattan 100%, Bronx 0%
823th largest by residential units
0 foreclosures, 2 bankruptcies, 2 other court cases.
Person Activity past 24 months:
Developer (new building or major alteration): 15.0 for 0 square feet
Top Ten Associated Companies:
SCALE Lending (1)
Recent activity as company:
• Arden Group borrowed $34 million from SCALE Lending for 4650 Broadway, Washington Heights, Manhattan on January 13, 2022.
• Joseph Caruso filed plans for new building for 351,388 sqft in Washington Heights, Manhattan, on November 29, 2021.
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*The Portfolio Value is the city’s Market Value, which is typically 50% or less of actual market value.