Pinchos Loketch

Loketch Group

Loketch Group|Joyland Group|Meral Property Group portfolio

$52.9 million* – elevator 64%, office 16%; Brooklyn 100%, Manhattan 0%

917th largest portfolio by dollar value

300,803 sqft – elevator 68%, office 17%;

896th largest by SF

18 properties – Brooklyn 100%, Manhattan 0%

510th largest

489 residential units – Brooklyn 100%, Manhattan 0%

430th largest by residential units

Person Activity past 24 months:

Buyer signatory: 1 for $2.5 million

Seller signatory: 1 for $19 million

Borrower signatory: 1 for $150 million

Top Ten Associated People:

Kevin Michael O’Sullivan (1), Jacob Sofer (1), Kenneth Golden (1), Martin Davidson (1), Laurance Nagin (1)

Recent activity as company:

Loketch Group sold 207 South 3rd Street and 207 South 3rd Street, Williamsburg, Brooklyn for $19 million to Superior Management on October 02, 2024.

Joyland Group and Loketch Group borrowed $150 million from TPG Real Estate Partners for 28 Boerum Street, Williamsburg, Brooklyn on July 31, 2024.

E&M Builders Group sold 399 Prospect Place, Crown Heights, Brooklyn for $2.5 million to Loketch Group on February 27, 2023.

Loketch Group, Joyland Group and Meral Property Group borrowed $90 million from Scale Lending and Slate Property Group for 275 Lorimer Street, Williamsburg, Brooklyn on December 06, 2022.

The Collective sold 268 Lorimer Street, Williamsburg, Brooklyn for $53.9 million to Loketch Group, Joyland Group and Meral Property Group on February 01, 2022.

Loketch Group, Joyland Group and Meral Property Group borrowed $47 million from Slate Property Group for 555 Broadway, Williamsburg, Brooklyn on February 01, 2022.

Loketch Group borrowed $29.2 million from Maxim Capital Group for 10 Quincy Street, Clinton Hill, Brooklyn on December 16, 2021.

Loketch Group borrowed $25.5 million from BridgeCity Capital for 1010 Bedford Avenue, Bedford-Stuyvesant, Brooklyn on December 02, 2021.

Loketch Group borrowed $14 million from Maxim Capital Group for N/A Clinton Avenue, N/A Clinton Avenue, N/A Clinton Avenue, N/A Clinton Avenue, N/A Clinton Avenue, and others, None, Brooklyn on December 01, 2021.

Loketch Group borrowed $22 million from Societe Generale for 435 Vanderbilt Avenue, Clinton Hill, Brooklyn on November 16, 2021.

Latest Stories:

• Nagin family’s Superior Management pays $18.99M to Loketch Group for 10-unit Williamsburg rental (October 02, 2024)

• Joyland, Loketch sign $150M refi with TPG for 270-unit project in Williamsburg (August 01, 2024)

• Loketch Group signs $23.8M construction loan with iCross for 32 units in Crown Heights (September 15, 2023)

• Loketch Group pays $2.5M to E&M Builders for Crown Heights dev site (February 28, 2023)

• Loketch Group, partners sign $90M construction loan with Scale Lending for 274-unit development in Williamsburg (December 07, 2022)

• Loketch, Joyland, and Meral pay $53.9M to The Collective for dev site in Williamsburg (February 02, 2022)

• Loketch Group borrows $19.5M from Citigroup for new office building in Bedford-Stuyvesant (April 09, 2021)

• Jacob Sofer pays $16M to All Year Management for two parcels in Brooklyn (December 17, 2020)

• Loketch Group and Meral Property Group pay $29M to Salvation Army for development in Clinton Hill (January 15, 2020)

• Loketch Group and Meral Property Group borrow $50M from S3 Capital Partners for new construction in Clinton Hill (January 15, 2020)

Court Records:

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

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