Paul Cooper
(Paul A. Cooper)
Ceo
GTJ REIT
GTJ REIT portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$65.1 million – industrial 90%, specialty 9%; Queens 87%, Brooklyn 12%
775th largest portfolio by dollar value
233,657 sqft – industrial 86%, specialty 13%;
1046th largest by SF
14 properties – Queens 71%, Brooklyn 28%
143th largest
Person Activity past 24 months:
Buyer signatory: 0 for $0
Seller signatory: 0 for $0
Borrower signatory: 1 for $113.5 million
Lender signatory: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
KeyBank (2), AIG (2), Agostino Vona (1), Blackstone Group (1), Gary Schefren (1)
Top Ten Associated People:
Michael Medvin (2), Tayven Hike (1), Agostino Vona (1), Kevin Pivnick (1), Gary Schefren (1)
Recent activity as signatory:
• GTJ REIT borrowed $113.5 million from Blackstone Group for 23-25 87th Street, 88-08 23rd Avenue, 612 Wortman Avenue, 1070 Logan Street, N/A Cozine Avenue, and others, Jackson Heights, Queens on March 19, 2024.
• GTJ REIT sold 625 Wortman Avenue, East New York, Brooklyn for $29.4 million to Agostino Vona on November 15, 2022.
• GTJ REIT borrowed $19 million from KeyBank for 612 Wortman Avenue, East New York, Brooklyn on August 30, 2022.
• GTJ REIT borrowed $136.2 million from AIG for 49-19 Rockaway Beach Blvd, N/A Beach 50th Street, N/A Rockaway Beach Blvd, N/A Beach Channel Drive, N/A Rockaway Beach Blvd, and others, Edgemere, Queens on August 23, 2022.
• GTJ REIT borrowed $19 million from KeyBank for 23-85 87th Street and 88-08 23rd Avenue, Jackson Heights, Queens on August 19, 2022.
• GTJ REIT borrowed $144.3 million from AIG for 85-01 24th Avenue, Jackson Heights, Queens on August 19, 2022.
• Gary Schefren sold 625 Wortman Avenue, East New York, Brooklyn for $13.4 million to GTJ REIT on November 12, 2021.