Meir D. Tabak

Owner

Meir D. Tabak portfolio

$48 million* – walkup 62%, elevator 34%; Brooklyn 100%, Manhattan 0%

979th largest portfolio by dollar value

385,246 sqft – walkup 67%, elevator 30%;

755th largest by SF

22 properties – Brooklyn 100%, Manhattan 0%

427th largest

391 residential units – Brooklyn 100%, Manhattan 0%

535th largest by residential units

1 foreclosure, 0 bankruptcies, 0 other court cases.

Person Activity past 24 months:

Buyer signatory: 2 for $16.1 million

Borrower signatory: 4 for $45 million

Top Ten Associated Companies:

Signature Bank (3), S3 Capital (2), Capital One (2), Citibank (2), BridgeCity Capital (2), Gary Goffner (1), Lazar Waldman (1), Strong Entities (1), Israel Perlmutter (1), Greystone & Co. (1)

Top Ten Associated People:

Louis Lebovits (2), Gary Goffner (1), Kenneth A. Stagnari (1), Lazar Waldman (1), Joshua Crane (1), Ana Rosu Marmann (1), Israel Perlmutter (1), Frank Volpe (1), Jonathan Misher (1), Joel Wertzberger (1)

Recent activity as company:

Joyland Group sold 313 East 17th Street and 321 East 17th Street, Gramercy, Manhattan for $10.6 million to Watermark Capital Group on January 16, 2025.

Renaissance Realty Group, Meir Tabak and Samuel Kairy borrowed $9.7 million from Citibank for 585 Knickerbocker Avenue, 589 Knickerbocker Avenue, and 583 Knickerbocker Avenue, Bushwick, Brooklyn on December 05, 2024.

Watermark Capital Group and Borough Developers borrowed $20 million from Citibank for 176 Central Avenue and N/A Hart Street, Bushwick, Brooklyn on November 19, 2024.

Meir D. Tabak borrowed $5.8 million from Strong Entities for N/A 15th Avenue, N/A New Utrecht Avenue, N/A New Utrecht Avenue, N/A 60th Street, and N/A 16th Avenue, Bensonhurst, Brooklyn on August 09, 2024.

Watermark Capital Group borrowed $9.5 million from BridgeCity Capital for 330 Melrose Street, Bushwick, Brooklyn on May 31, 2024.

Israel Perlmutter sold 330 Melrose Street, Bushwick, Brooklyn for $5.5 million to Watermark Capital Group on May 31, 2024.

Meir D. Tabak borrowed $11.5 million from S3 Capital for 176 Central Avenue and N/A Hart Street, Bushwick, Brooklyn on January 11, 2023.

Lazar Waldman sold 176 Central Avenue and N/A Hart Street, Bushwick, Brooklyn for $5.5 million to Meir D. Tabak on January 11, 2023.

Renaissance Realty Group, Meir Tabak and Samuel Kairy borrowed $7 million from S3 Capital for 583 Knickerbocker Avenue and 589 Knickerbocker Avenue, Bushwick, Brooklyn on December 20, 2022.

Gary Goffner sold 583 Knickerbocker Avenue and 589 Knickerbocker Avenue, Bushwick, Brooklyn for $3.4 million to Renaissance Realty Group, Meir Tabak and Samuel Kairy on December 20, 2022.

Latest Stories:

• Watermark as tenant signs $10.6M ground lease with Joyland for conversions in Gramercy (January 17, 2025)

• Joyland Group pays $33.6M to Mount Sinai for conversions in Gramercy (January 07, 2025)

• Borough Developers files plans for 96 units at Beth Israel buildings in Gramercy (December 30, 2024)

• Renaissance Realty, Meir Tabak, Samuel Kairy sign $9.7M refi for three properties in Bushwick (December 06, 2024)

• Watermark Capital, Maguire sign two loans totaling $65.5M for Sunset Park dev site (November 25, 2024)

• Watermark, Borough Developers sign $20M refi with Citibank for two properties in Bushwick (November 20, 2024)

• Watermark sues former Sunset Park dev site owner for $10M (June 18, 2024)

• Watermark Capital pays $5.5M to Israel Perlmutter for industrial in Bushwick (June 05, 2024)

• Wing Fung Chau sues California exec over Sunset Park EB-5 plan (September 01, 2023)

• Wolfe Landau’s Watermark, Maguire Capital acquire control of large Sunset Park dev site, up to 850K sf (January 13, 2023)

Court Records:

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Properties:

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*The Portfolio Value is the city’s Market Value, which is typically 50% or less of actual market value.

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