Matthew Burrows
Kushner Companies
Owner
767 Fifth Avenue, New York, NY 10153
30 Columbia Turnpike, Florham Park, NJ 07932
Kushner Companies portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$226.6 million – walkup 50%, condo 34%; Manhattan 84%, Brooklyn 15%
257th largest portfolio by dollar value
623,585 sqft – walkup 46%, condo 31%;
501th largest by SF
35 properties – Manhattan 85%, Brooklyn 14%
122th largest
594 residential units – Manhattan 82%, Brooklyn 17%
330th largest by residential units
1 foreclosure, 0 bankruptcies, 2 other court cases.
Person Activity past 24 months:
Buyer signatory: 0 for $0
Seller signatory: 13 for $202.6 million
Borrower signatory: 0 for $0
Lender signatory: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
Penn South Capital (4), TARGO Capital Partners (3), JSB Capital Group (2), Sky Management (2), REDA Holdings (1), Sabet Group (1)
Top Ten Associated People:
Parag Sawhney (4), David Gleitman (3), Jonah Jay Lobel (2), Jonathan Ohebshalom (2), Julian Kiguel (1), Alfred Sabetfard (1)
Recent activity as signatory:
• Kushner Companies sold 318 East 11th Street, East Village, Manhattan for $7.6 million to Sky Management on November 21, 2024.
• Kushner Companies sold 99 East 7th Street, East Village, Manhattan for $3.6 million to Sky Management on November 21, 2024.
• Kushner Companies sold 516 East 13th Street and 518 East 13th Street, Alphabet City, Manhattan for $11 million to JSB Capital Group on October 07, 2024.
• Kushner Companies sold 335 East 9th Street, 333 East 9th Street, 331 East 9th Street, and 329 East 9th Street, East Village, Manhattan for $27 million to JSB Capital Group on October 07, 2024.
• Kushner Companies sold 99 East 3rd Street, East Village, Manhattan for $4.8 million to Penn South Capital on February 12, 2024.
• Kushner Companies sold 170 East 2nd Street and 174 East 2nd Street, Alphabet City, Manhattan for $22 million to Penn South Capital on February 08, 2024.
• Kushner Companies sold 325 East 10th Street, Alphabet City, Manhattan for $9.6 million to Penn South Capital on February 06, 2024.
• Kushner Companies sold 23 Avenue A, East Village, Manhattan for $5.1 million to Penn South Capital on February 06, 2024.
• Kushner Companies sold 315 East 10th Street, Alphabet City, Manhattan for $9.1 million to TARGO Capital Partners on January 05, 2024.
• Kushner Companies sold 120 East 4th Street and 118 East 4th Street, East Village, Manhattan for $22.9 million to TARGO Capital Partners on January 05, 2024.
Latest Stories:
• Sky Management pays $11.2M to Kushner for 31 units in East Village November 22, 2024
• JSB Capital pays $38M to Kushner Cos. for 6 East Village walkups October 08, 2024
• Penn South pays $22M to Kushner for walkups in Alphabet City, part of $41M deal February 09, 2024
• Penn South Capital pays $14.7M to Kushner for two walkups in Alphabet City February 07, 2024
• Sabet Group pays $19.5M to Kushner for two walkups in Alphabet City November 14, 2023