Michael Gontar
Ceo
InterVest Capital Partners
(Wafra Capital Partners)
Owner, Lender
Private Equity
425 Park Avenue, 35th Floor New York, NY 10022
InterVest Capital Partners portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$216.9 million – office 73%, N2 13%; Manhattan 87%, Bronx 12%
268th largest portfolio by dollar value
1,785,338 sqft – office 58%, elevator 14%;
172th largest by SF
17 properties – Bronx 82%, Manhattan 17%
140th largest
504 residential units – Bronx 100%, Manhattan 0%
370th largest by residential units
1 foreclosure, 0 bankruptcies, 0 other court cases.
Other Links:
Person Activity past 24 months:
Buyer signatory: 7 for $60 million
Seller signatory: 0 for $0
Borrower signatory: 2 for $247.5 million
Lender signatory: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
Taconic Partners (7), Clarion Partners (7), Webster Bank (1), Rudin Management (1), First Republic Bank (1), Deutsche Bank (1)
Top Ten Associated People:
Andrew Zlotnick (7), Adam Brenner (1), William C. Rudin (1), Christopher Harris (1), Mrinal Dansingani (1)
Recent activity as signatory:
• InterVest Capital Partners borrowed $200 million from Deutsche Bank for 720 West End Avenue, Upper West Side, Manhattan on January 03, 2025.
• InterVest Capital Partners borrowed $47.5 million from Webster Bank for 1197 Grand Concourse, 2608 Creston Avenue, 1098 Gerard Avenue, 1112 Gerard Avenue, 1065 Jerome Avenue, and others, Concourse, Bronx on April 20, 2023.
• Taconic Partnersand Clarion Partners sold 2567 Decatur Avenue, 2543 Decatur Avenue, 2563 Decatur Avenue, 2549 Decatur Avenue, 2559 Decatur Avenue, and others, Fordham Manor, Bronx for $9.6 million to InterVest Capital Partners on April 20, 2023.
• Taconic Partnersand Clarion Partners sold 2353 Crotona Avenue and 2357 Crotona Avenue, Belmont/Little Italy, Bronx for $5.8 million to InterVest Capital Partners on April 20, 2023.
• Taconic Partnersand Clarion Partners sold 2608 Creston Avenue, Fordham Manor, Bronx for $6.6 million to InterVest Capital Partners on April 20, 2023.
• Taconic Partnersand Clarion Partners sold 1065 Jerome Avenue, Highbridge, Bronx for $6.1 million to InterVest Capital Partners on April 20, 2023.
• Taconic Partnersand Clarion Partners sold 1098 Gerard Avenue and 1112 Gerard Avenue, Concourse, Bronx for $12.8 million to InterVest Capital Partners on April 20, 2023.
• Taconic Partnersand Clarion Partners sold 1197 Grand Concourse, Concourse, Bronx for $10.2 million to InterVest Capital Partners on April 20, 2023.
• Taconic Partnersand Clarion Partners sold 1534 Selwyn Avenue, Claremont Village, Bronx for $9 million to InterVest Capital Partners on April 20, 2023.
• Rudin Management sold 1400 Benson Street, Parkchester, Bronx for $11.2 million to Gontar Management on December 31, 2020.