Michael Friedman

Owner

Michael Friedman portfolio

(NYC’s “Market Value,” 50% or less of actual value)

$22.4 million – walkup 93%, mixed-use 4%; Bronx 75%, Brooklyn 24%

1602th largest portfolio by dollar value

321,063 sqft – walkup 96%, mixed-use 2%;

843th largest by SF

19 properties – Bronx 63%, Brooklyn 36%

138th largest

367 residential units – Bronx 92%, Brooklyn 7%

456th largest by residential units

Person Activity past 24 months:

Buyer signatory: 0 for $0

Seller signatory: 1 for $2.5 million

Borrower signatory: 0 for $0

Lender signatory: 1 for $185 million

Developer (new building or major alteration): 1 for 7,911 square feet

Top Ten Associated Companies:

Sapir Organization (1), Xinyuan Real Estate (1), Eliezer Solomon (1), Navigation Capital Group (1), Elad Group (1), Saul Rosenberg (1)

Top Ten Associated People:

Sharon Raz (1), Jared Simon (1), Eliezer Solomon (1), Patrick Chaolun Zhu (1), Yoel Shargian (1), Saul Rosenberg (1)

Recent activity as signatory:

EOS Hospitality borrowed $115.1 million from Apollo Global Management for 111 North 12th Street, Williamsburg, Brooklyn on July 08, 2024.

Navigation Capital Group borrowed $185 million from Kriss Capital for 135 East 47th Street, Midtown East, Manhattan on April 08, 2024.

Michael Friedmanand Abraham Friedmanand Saul Friedman sold 1322 45th Street, Borough Park, Brooklyn for $2.5 million to Eliezer Solomon on August 28, 2023.

Michael Friedman filed plans for major alteration for 7,911 sqft in Bushwick, Brooklyn, on June 28, 2023.

Borough Equitiesand Value Development Partners borrowed $11.7 million from Urban Standard Capital for 66 Clinton Street, Lower East Side, Manhattan on April 13, 2023.

Saul Rosenberg sold 48 Herkimer Place and 50 Herkimer Place, Bedford-Stuyvesant, Brooklyn for $1.5 million to Michael Friedman on December 20, 2022.

Sapir Organization borrowed $90.1 million from Tel Aviv Stock Exchange bondholders for 9 Crosby Street, Little Italy, Manhattan on August 18, 2022.

• Xinyuan Real Estate borrowed $45 million from Klimart Capital for 429 Kent Avenue, 429 Kent Avenue, 429 Kent Avenue, 429 Kent Avenue, 429 Kent Avenue, and others, Williamsburg, Brooklyn on April 26, 2022.

Elad Group borrowed $37.3 million from Kriss Capital for 1 West End Avenue, 1 West End Avenue, 1 West End Avenue, 1 West End Avenue, 1 West End Avenue, and others, Lincoln Square, Manhattan on June 30, 2021.

Michael Friedman filed plans for major alteration for 2,138 sqft in Van Nest, Bronx, on August 04, 2020.

Latest Stories:

• EOS Hospitality signs $115.1M acquisition loan with Apollo for hotel in Williamsburg July 09, 2024

• EOS Hospitality pays $176.4M for William Vale hotel in Williamsburg through All Year bankruptcy July 02, 2024

• Navigation Capital Group signs $185M refi loan with Kriss Capital for residential elevator in Midtown East April 09, 2024

• Sapir signs $90.1M refi through TASE for NoMo SoHo Hotel in Little Italy, down from $115M August 19, 2022

• New Empire signs $156.2M construction loan with Fortress for 137-unit development in Midtown East June 17, 2022

• Xinyuan gets $45M condo inventory loan with Klimart Capital at the Oosten in Williamsburg April 27, 2022

• Elad Group signs $37.3M condo inventory loan with Kriss Capital for eight units at 1 WEA July 01, 2021

• Borough Equities gets $17M construction loan from Klirmark Capital for 12-unit LES project November 06, 2020

• Hong Kong-based Hopson Development Holdings pays $115M to New Empire Real Estate for development site in Grand Central December 20, 2019

• Hong Kong-based Hopson Development Holdings borrows $50M from Emerald Creek Capital for development site in Grand Central December 20, 2019

Properties:

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