Rachel Posen

Owner

Rachel Posen NYC portfolio

$10.5 million* – elevator 100%; Manhattan 100%, Bronx 0%

3962th largest portfolio by dollar value

52,598 sqft – elevator 100%;

2779th largest by SF

54 residential units – Manhattan 100%, Bronx 0%

2087th largest by residential units

Person Activity past 24 months:

Buyer signatory: 1 for $10.4 million

Borrower signatory: 1 for $7.9 million

Top Ten Associated Companies:

Sugar Hill Capital Partners (5), Dwight Mortgage Trust (1), Richard Albert (1), Flagstar Bank (1)

Top Ten Associated People:

Jeremy Salzberg (4), Jillian Lloyd (1), Margaret Grossman (1), Alan L. Kaufman (1)

Recent activity as company:

Rachel Posen borrowed $7.9 million from Flagstar Bank for 4300 Broadway, Washington Heights, Manhattan on May 03, 2023.

Sugar Hill Capital Partners sold 4300 Broadway, Washington Heights, Manhattan for $10.4 million to Treetop Development on May 03, 2023.

Sugar Hill Capital Partners sold 510-512 West 146th Street, Harlem, Manhattan for $1.6 million to company on February 06, 2023.

Sugar Hill Capital Partners sold 638-644 West 160th Street, Washington Heights, Manhattan for $3.7 million to company on February 06, 2023.

Sugar Hill Capital Partners sold 617 West 143rd Street, Harlem, Manhattan for $6.1 million to Cedarbridge Management on February 02, 2023.

Sugar Hill Capital Partners sold 376 West 127th St, Harlem, Manhattan for $1.2 million to company on February 01, 2023.

Treetop Development borrowed $22.3 million from Dwight Mortgage Trust for 94-03 222nd Street and 93-45 222nd Street, Queens Village, Queens on June 27, 2022.

• Richard Albert sold 94-03 222nd Street and 93-45 222nd Street, Queens Village, Queens for $20 million to Treetop Development on June 27, 2022.

Latest Stories:

• Cedarbridge Management pays $10.4M to Sugar Hill for 54-unit rental in Washington Heights, bought for $21.6M in 2016 (May 04, 2023)

• Cedarbridge Management signs $10.8M loan for 4 Manhattan properties acquired from Sugar Hill (February 08, 2023)

• Cedarbridge Management pays $6.1M to Sugar Hill Capital Partners for 35-unit rental elevator in Harlem (February 03, 2023)

• Sugar Hill Capital Partners sells 10-unit walkup in Harlem, 19th sale in year totaling $69M (February 02, 2023)

• $24.8M refi loan with Valley National Bank for two properties in Queens Village (December 16, 2022)

• Signature Bank files $16M pre-foreclosure against Sugar Hill Capital Partners (November 11, 2022)

• Treetop Development pays $20M for two properties in Queens Village (June 28, 2022)

Properties:

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*The Portfolio Value is a PincusCo estimate based on a property’s recent sale or loan, or multiplying the city’s Market Value by two.

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