Joseph Caruso

Arden Group

Arden Group portfolio

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

$28.5 million – hotel 95%, development 4%; Manhattan 100%, Bronx 0%

1340th largest portfolio by dollar value

158,519 sqft – hotel 100%, development 0%;

1416th largest by SF

2 properties – Manhattan 100%, Bronx 0%

155th largest

222 residential units – Manhattan 100%, Bronx 0%

578th largest by residential units

0 foreclosures, 2 bankruptcies, 2 other court cases.

Top Ten Associated Companies:

SCALE Lending (1)

Recent activity as signatory:

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.