Mark Stagg
Ceo
Stagg Group
Developer, Owner
Stagg Group portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$368.8 million – elevator 61%, C0 15%; Bronx 100%, Manhattan 0%
165th largest portfolio by dollar value
2,606,640 sqft – elevator 73%, walkup 11%;
121th largest by SF
173 properties – Bronx 100%, Manhattan 0%
33th largest
3,722 residential units – Bronx 100%, Manhattan 0%
41th largest by residential units
0 foreclosures, 0 bankruptcies, 1 other court case.
Person Activity past 24 months:
Buyer signatory: 1 for $18 million
Seller signatory: 0 for $0
Borrower signatory: 14 for $420.3 million
Lender signatory: 0 for $0
Developer (new building or major alteration): 2 for 362,798 square feet
Top Ten Associated Companies:
Berkadia Commercial Mortgage (18), Valley National Bank (4), Berkeley Point Capital (3), Sterling National Bank (3), Webster Bank (2), Community Preservation Corporation (2), Alma Realty (1), Manhattan College (1), Ulster Savings Bank (1), NYC Housing Development Corporation (1)
Top Ten Associated People:
Amy Jesberger (4), Megan Mather (4), Emma Robinson (3), Donald K. Secrest (2), Linda C. Kershaw (1), Efstathios Valiotis (1), John Vitale (1), Linda Kershaw (1), Daniel Gardner (1), Elizabeth Bistany (1)
Recent activity as signatory:
• Stagg Group borrowed $16.7 million from Berkadia Commercial Mortgage for 3184 Webster Avenue, None, Bronx on December 13, 2024.
• Stagg Group borrowed $16.7 million from Berkadia Commercial Mortgage for 3184 Webster Avenue, None, Bronx on December 13, 2024.
• Stagg Group borrowed $24.2 million from Berkadia Commercial Mortgage for 4435 White Plains Road, Wakefield, Bronx on November 08, 2024.
• Stagg Group borrowed $42.2 million from Berkadia Commercial Mortgage for 739 East Gun Hill Road, Williamsbridge, Bronx on September 11, 2024.
• Stagg Group borrowed $25.4 million from Berkadia Commercial Mortgage for 1249 Edward L Grant Hwy, Highbridge, Bronx on August 27, 2024.
• Stagg Group borrowed $15.1 million from Berkadia Commercial Mortgage for 305 East 165th Street, Concourse Village, Bronx on April 30, 2024.
• Stagg Group borrowed $16.8 million from Berkadia Commercial Mortgage for 915 Elsmere Place, West Farms, Bronx on April 05, 2024.
• Stagg Group borrowed $12.9 million from Berkadia Commercial Mortgage for 2441 Crotona Avenue, Belmont/Little Italy, Bronx on February 20, 2024.
• Mark Stagg filed plans for new building for 252,578 sqft in Longwood, Bronx, on January 31, 2024.
• Mark Stagg filed plans for major alteration for 110,220 sqft in Bronx, on September 11, 2023.
Latest Stories:
• Stagg Group signs $24.2M refi with Berkadia for 82-unit rental in Wakefield November 11, 2024
• Stagg Group signs $25.4M refi loan with Berkadia for 110-unit rental in Highbridge August 28, 2024
• Stagg Group signs $16.8M refi with Berkadia for 72-unit rental in West Farms April 08, 2024
• Stagg Group signs $12.9M refi for newly built 33-unit rental in Belmont February 21, 2024
• Stagg Group signs $136.8M construction loan for 243-unit project in Longwood July 24, 2023
• Stagg Group pays $18M to Manhattan College for 95-unit rental in Fieldston May 31, 2023
• Stagg Group pays $6M to Simone Development for dev site in Riverdale February 14, 2022