Martin Joseph
Owner
Martin Joseph portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$11.1 million – elevator 60%, walkup 18%; Brooklyn 95%, Bronx 4%
2468th largest portfolio by dollar value
40,776 sqft – elevator 75%, walkup 15%;
3145th largest by SF
10 properties – Bronx 50%, Brooklyn 50%
147th largest
51 residential units – Brooklyn 100%, Manhattan 0%
747th largest by residential units
Top Ten Associated Companies:
BridgeCity Capital (2), Valley National Bank (1), Northeast Community Bank (1), Estate of Aranka Sillen (1), Lima One Capital (1), Piermont Bank (1), Santander Bank (1), Meyer Gertner (1), Spruce Capital (1)
Top Ten Associated People:
Cleopatra Kokkinos (1), Michael N. Connors (1), John Ersek (1), Bruce Goldman (1), Meyer Gertner (1)
Recent activity as signatory:
• Vijay Gogia borrowed $24 million from BridgeCity Capital for 2481 Crotona Avenue, Belmont/Little Italy, Bronx on December 16, 2022.
• Martin Joseph borrowed $7 million from Piermont Bank for 1223 Putnam Avenue, Bushwick, Brooklyn on December 05, 2022.
• Martin Josephand Hershy Silberstein borrowed $24 million from Northeast Community Bank for 903 East 181st Street, 2136 Honeywell Avenue, 2138 Honeywell Avenue, N/A Honeywell Avenue, N/A East 181st Street, and others, West Farms, Bronx on May 19, 2022.
• Metropolitan Realty Exemptions borrowed $7.7 million from BridgeCity Capital for 1223 Putnam Avenue, Bushwick, Brooklyn on April 26, 2022.
• Metropolitan Realty Exemptions borrowed $5.6 million from Lima One Capital for 27 Grace Court, Brooklyn Heights, Brooklyn on April 12, 2022.
• Estate of Aranka Sillen sold 27 Grace Court, Brooklyn Heights, Brooklyn for $4.5 million to Metropolitan Realty Exemptions on April 12, 2022.
• Metropolitan Realty Exemptions Inc. borrowed $8 million from Valley National Bank for 319 South 4th Street, Williamsburg, Brooklyn on January 26, 2022.
• Meyer Gertner sold 640 Lafayette Avenue, Bedford-Stuyvesant, Brooklyn for $3 million to Metropolitan Realty Exemptions on January 20, 2022.
• Martin Joseph borrowed $5 million from Spruce Capital for N/A South 4th Street, Williamsburg, Brooklyn on May 19, 2021.
• Nassef S. Astafanous borrowed $6.7 million from Santander Bank for 263 Franklin Avenue, Bedford-Stuyvesant, Brooklyn on January 05, 2021.
Latest Stories:
• Dev site with 84-unit plans in Belmont sells for $5M June 08, 2022
• Anonymous buyer pays $9M for newly built 18-unit elevator rental in Bushwick April 19, 2022
• Franklin Avenue Group obtained financing of $5M from Parke Bank July 29, 2019