Marc Blumenfrucht
Iris Holdings Group
Owner
2460 Tiebout Ave, Bronx, NY 10458
Iris Holdings Group portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$73.7 million – elevator 50%, walkup 49%; Queens 59%, Brooklyn 40%
699th largest portfolio by dollar value
985,982 sqft – elevator 52%, walkup 47%;
337th largest by SF
20 properties – Brooklyn 75%, Queens 25%
137th largest
1,048 residential units – Queens 56%, Brooklyn 43%
215th largest by residential units
Person Activity past 24 months:
Buyer signatory: 4 for $71.5 million
Seller signatory: 0 for $0
Borrower signatory: 1 for $75 million
Lender signatory: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
LeFrak (4), MF1 Capital (3), KeyBank (1), National Equity Fund (1), Estate of Michael Lazaroff (1)
Top Ten Associated People:
Arnold S. Lehman (4)
Recent activity as signatory:
• Iris Holdings Group borrowed $75 million from National Equity Fund for 45-15 Colden Street, 44-15 Colden Street, 137-20 45th Avenue, and 44-35 Colden Street, Flushing, Queens on July 03, 2024.
• LeFrak sold 44-15 Colden Street, Flushing, Queens for $19.5 million to Iris Holdings Group on July 03, 2024.
• LeFrak sold 45-15 Colden Street, Flushing, Queens for $20.9 million to Iris Holdings Group on July 03, 2024.
• LeFrak sold 44-35 Colden Street, Flushing, Queens for $10 million to Iris Holdings Group on July 03, 2024.
• LeFrak sold 137-20 45th Avenue, Flushing, Queens for $21.1 million to Iris Holdings Group on July 03, 2024.
• Iris Holdings Group borrowed $72.7 million from MF1 Capital for 902 47th Street, 914 47th Street, 926 47th Street, 864 49th Street, 983 46th Street, and others, Borough Park, Brooklyn on November 30, 2021.
• Iris Holdings Group borrowed $27.5 million from MF1 Capital for 5001 10th Avenue and 1016 50th Street, Borough Park, Brooklyn on November 30, 2021.
• Iris Holdings Group borrowed $19.8 million from MF1 Capital for 902 47th Street, 5001 10th Avenue, 914 47th Street, 926 47th Street, 1016 50th Street, and others, Borough Park, Brooklyn on November 30, 2021.
• Iris Holdings Group borrowed $11.7 million from KeyBank for 44 Mac Donough Street, 39 Mac Donough Street, 193 Jefferson Avenue, 191 Jefferson Avenue, and 189 Jefferson Avenue, Bedford-Stuyvesant, Brooklyn on July 07, 2021.
• Estate of Michael Lazaroff sold 100 Daniel Low Terrace, Staten Island, Staten Island for $11.9 million to Marc Blumenfrucht on August 18, 2020.