Robert Favata
Owner
Robert Favata portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$31.1 million – elevator 73%, walkup 26%; Queens 100%, Manhattan 0%
1277th largest portfolio by dollar value
453,666 sqft – elevator 74%, walkup 25%;
645th largest by SF
5 properties – Queens 100%, Manhattan 0%
152th largest
434 residential units – Queens 100%, Manhattan 0%
415th largest by residential units
Person Activity past 24 months:
Buyer signatory: 2 for $62.5 million
Seller signatory: 0 for $0
Borrower signatory: 2 for $37 million
Lender signatory: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
Andrew Goldberg (1), Richard Goldberg (1), Flushing Bank (1), Bronstein Properties (1), Dime Community Bank (1), George Todorovich (1)
Top Ten Associated People:
Andrew Goldberg (1), Corinne M. Mullen (1), Barry Rudofsky (1), Philip G. Rinaldi (1), George Todorovich (1)
Recent activity as signatory:
• Robert Favata borrowed $28 million from Flushing Bank for 99-19 66th Avenue, Rego Park, Queens on December 21, 2023.
• Andrew Goldbergand Richard Goldberg sold 99-19 66th Avenue, Rego Park, Queens for $48 million to Robert Favata on December 21, 2023.
• Robert Favata borrowed $9 million from Dime Community Bank for 94-05 35th Avenue, 95-05 35th Avenue, and 94-19 35th Avenue, Jackson Heights, Queens on August 08, 2023.
• Bronstein Properties sold 94-05 35th Avenue, 95-05 35th Avenue, and 94-19 35th Avenue, Jackson Heights, Queens for $14.5 million to company on August 08, 2023.
• George Todorovich sold 102-05 86th Avenue, Richmond Hill, Queens for $4 million to Robert Favata on July 27, 2022.
Latest Stories:
• Robert Favata pays $48M to Goldberg family for 310-unit rental in Rego Park December 22, 2023
• Bronstein Properties sells 3 buildings in Jackson Heights for $14.5M August 09, 2023