Michael Kirchmann

$177.3 million* – condo 56%, office 39%; Manhattan 100%, Bronx 0%

342th largest portfolio by dollar value

596,575 sqft – office 44%, condo 40%;

535th largest by SF

5 properties – Manhattan 100%, Bronx 0%

1479th largest

Borrower signatory: 1 for $90 million

Lender signatory: 1 for $80 million

Adam Kastengren Sandberg (1), Alan Rudikoff (1), Neil Wainland (1), Craig E. Vosburg (1), Tara Maguire (1)

• Mitsubishi Corporation borrowed $80 million from GDS Development for 146 West 57th Street, Midtown West, Manhattan on March 26, 2024.

• GDS Development borrowed $90 million from Deutsche Pfandbriefbank for 1241 Broadway, Penn Station, Manhattan on March 21, 2023.

• GDS Development borrowed $6.7 million from Calmwater Capital for 255 10th Avenue, Chelsea, Manhattan on March 18, 2022.

• Corem Property Group and GDS Development borrowed $140 million from Nordic Trustee & Agency for 417 Park Avenue and 407 Park Avenue, Midtown East, Manhattan on March 16, 2022.

• GDS Development sold 500 West 25th, Chelsea, Manhattan for $12.2 million to Tara Maguire on October 18, 2021.

• Neil Wainland sold 116 10th Avenue, 118 10th Avenue, 453 West 17th Street, Chelsea, Manhattan for $17.7 million to Klovern on October 05, 2020.

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

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