Richard Ohebshalom

Pink Stone Capital Group

Owner

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Pink Stone Capital Group portfolio

(NYC’s “Market Value,” 50% or less of actual value)

$30.6 million – elevator 97%, condo 2%; Brooklyn 97%, Manhattan 2%

1285th largest portfolio by dollar value

111,281 sqft – elevator 97%, condo 2%;

1768th largest by SF

5 properties – Manhattan 80%, Brooklyn 20%

152th largest

104 residential units – Brooklyn 99%, Manhattan 0%

694th largest by residential units

1 foreclosure, 0 bankruptcies, 1 other court case.

Top Ten Associated Companies:

CBO Funding (1), Fortress Investment Group (1), Prime Finance (1), Sidney Borenstein (1), Grubb Properties (1)

Top Ten Associated People:

Daryl Hagler, Leslie Westreich (1), Constantine “Dean” M. Dakolias (1), Sidney Borenstein (1), James M. Hochman (1)

Recent activity as signatory:

Pink Stone Capital Group borrowed $0 from Prime Finance for 172-184 Nassau Street, Downtown Brooklyn, Brooklyn on November 07, 2022.

Pink Stone Capital Group sold 111 Washington Street, Financial District, Manhattan for $89.2 million to Grubb Properties on September 24, 2021.

Pink Stone Capital Group sold 105 Washington Street, Financial District, Manhattan for $9.5 million to Sidney Borenstein on April 08, 2021.

Pink Stone Capital Group borrowed $6 million from CBO Funding for 105 Washington Street, Financial District, Manhattan on September 11, 2020.

Pink Stone Capital Group borrowed $80 million from Fortress Investment Group for 111 Washington Street, Financial District, Manhattan on September 11, 2020.

Richard Ohebshalom filed plans for new building for 340,376 sqft in Financial District, Manhattan, on December 11, 2014.

Latest Stories:

• Grubb Properties signs $67.5M refi with Maxim Capital for dev parcel in FiDi May 23, 2024

• Grubb Properties signs $45.1M refi loan with Naftali Credit Partners for 388-unit development in FiDi August 11, 2023

• Prime Finance buys $52M note secured by Pink Stone’s 103-unit rental in Downtown Brooklyn November 08, 2022

• Nonprofit pays $12.9M to Sid Borenstein for specialty in FiDi June 29, 2022

• Grubb Properties acquires Pink Stone Capital’s 111 Washington in FiDi for $89.2M September 24, 2021

• Pink Stone Capital sells FiDi site for $9.5M April 09, 2021

• Carmel Partners borrows from Axos Bank against $80M Pink Stone loan in FiDi November 17, 2020

• Ohebshalom’s Pink Stone borrows $86M from Fortress, Alwest, others secured by FiDi development site September 14, 2020

• Richard Ohebshalom buys out father’s stake at FiDi dev site valued at $57.7M September 10, 2020

Litigation:

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