Michael Grey
Piermont Properties
Owner
Piermont Properties NYC portfolio
$208.6 million* – condo 42.0%, development 18.0%; Queens 100.0%, Manhattan 0.0%
720th largest portfolio by dollar value
180,249 sqft – condo 100.0%, None 0.0%;
1300th largest by SF
7 properties – Queens 100%, Manhattan 0%
1143th largest
232 residential units – Queens 100.0%, Manhattan 0.0%
786th largest by residential units
Person Activity past 24 months:
Borrower signatory: 2 for $83.5 million
Developer (new building or major alteration): 7 for 0 square feet
Top Ten Associated Companies:
Annaly Capital Management (2), Bank OZK (1), NLY 2019-FL2 ISSUER LTD. (1), Brian Davis (1)
Top Ten Associated People:
Christopher Cummings (1), Brian Davis (1)
Recent activity as company:
• Piermont Properties borrowed $29.2 million from Brian Davis for 188-11 Hillside Avenue, Holliswood, Queens on May 30, 2023.
• Piermont Properties borrowed $54.3 million from Annaly Capital Management and NLY 2019-FL2 ISSUER LTD. for 178-02 Hillside Avenue, 178-02 Hillside Avenue, 178-02 Hillside Avenue, 178-02 Hillside Avenue, and 178-02 Hillside Avenue, Jamaica, Queens on April 03, 2023.
• Piermont Properties borrowed $29.2 million from Bank OZK for 188-11 Hillside Avenue, Holliswood, Queens on June 26, 2020.
• Michael Grey filed plans for new building for 39,536 sqft in Jamaica Estates, Queens, on June 04, 2020.
• Piermont Properties borrowed $61 million from Annaly Capital Management for 178-02 Hillside Avenue, Hollis, Queens on January 22, 2020.
• Michael Grey filed plans for new building for 72,308 sqft in Holliswood, Queens, on July 05, 2019.
• Michael Grey filed plans for new building for 109,086 sqft in Jamaica, Queens, on June 05, 2015.
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