Mendel Kaff

Owner

Mendel Kaff portfolio

$54.3 million* – elevator 87%, walkup 10%; Bronx 98%, Brooklyn 1%

903th largest portfolio by dollar value

778,219 sqft – elevator 77%, walkup 21%;

425th largest by SF

6 properties – Bronx 83%, Brooklyn 16%

1304th largest

779 residential units – Bronx 100%, Manhattan 0%

301th largest by residential units

Person Activity past 24 months:

Buyer signatory: 1 for $9.2 million

Borrower signatory: 2 for $48.5 million

Top Ten Associated Companies:

FBE Limited (2), Starwood Mortgage Capital (2), Bank of Princeton (2), Related Companies (2), Joseph Rubin (1), Shmuel A. Haikins (1), Bank of Montreal (1), Valley National Bank (1), Douglas Rosenberg (1), Sterling National Bank (1)

Top Ten Associated People:

Yehoshua Leib Fruchthandler (2), Seth Blau (2), Joseph Rubin (1), Grace Chiang (1), Leanne M. Lispi (1), Terence J. McArdle (1), Douglas Rosenberg (1)

Recent activity as company:

Mendel Kaff borrowed $5.5 million from Starwood Mortgage Capital for 2021 Avenue X, Sheepshead Bay, Brooklyn on August 07, 2023.

• Company sold 2021 Avenue X, Sheepshead Bay, Brooklyn for $9.2 million to Mendel Kaff on August 04, 2023.

Mendel Kaff borrowed $43 million from Valley National Bank for 1466 Watson Avenue, Soundview, Bronx on July 11, 2023.

Mendel Kaff borrowed $144.2 million from Starwood Mortgage Capital and Bank of Montreal for 2001 Story Avenue and 883 East 180th Street, Unionport, Bronx on June 21, 2022.

FBE Limited sold 2001 Story Avenue, Unionport, Bronx for $105 million to Mendel Kaff on June 21, 2022.

FBE Limited sold 883 East 180th Street, West Farms, Bronx for $64 million to Mendel Kaff on June 21, 2022.

Mendel Kaff sold 478 Saint Johns Place and 419 Lincoln Place, Crown Heights, Brooklyn for $17 million to Joseph Rubin and Shmuel A. Haikins on June 06, 2022.

Mendel Kaff borrowed $16.5 million from Sterling National Bank for 781 Washington Avenue, Crown Heights, Brooklyn on June 08, 2021.

Douglas Rosenberg sold 781 Washington Avenue, Crown Heights, Brooklyn for $22 million to Mendel Kaff on June 08, 2021.

Mendel Kaff borrowed $27.2 million from Bank of Princeton for 1466 Watson Avenue, Soundview, Bronx on May 19, 2021.

Latest Stories:

• Mendel Kaff pays $9.2M for office building in Sheepshead Bay (August 07, 2023)

• Golden Bridge files $10.7M pre-foreclosure for Prospect Heights dev site (July 13, 2023)

• Mendel Kaff signs $43M refi for 116-unit complex in Soundview (July 12, 2023)

• FBE Limited pays $30.5M to buy 63-unit rental in Crown Heights previously owned by Mendel Kaff (December 07, 2022)

• Mendel Kaff pays $169M to FBE Limited for two Bronx rentals (June 21, 2022)

• Joseph Rubin, Shmuel Haikins pay $17M to Mendel Kaff for dev site in Crown Heights (June 07, 2022)

• Mendel Kaff pays $22M to Douglas Rosenberg for rental in Crown Heights (June 09, 2021)

• Mendel Kaff signs $27.2M rehab construction loan for 116-unit project in Soundview (May 20, 2021)

• Green Assets buys $5M loan secured by Noah Development’s 63-unit Crown Heights rental (January 12, 2021)

• Mendel Kaff pays $4.7M to Related Companies for property in Soundview (December 23, 2020)

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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