Rotem Rosen
MRR Development
MRR Development portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$28.3 million – development 41%, walkup 18%; Manhattan 100%, Bronx 0%
1347th largest portfolio by dollar value
38,331 sqft – retail 39%, office 27%;
3230th largest by SF
12 properties – Manhattan 100%, Bronx 0%
145th largest
11 residential units – Manhattan 100%, Bronx 0%
787th largest by residential units
Top Ten Associated Companies:
Bank OZK (1), Israel Discount Bank (1), Marin Management (1)
Top Ten Associated People:
Cliffton Hill (1), Robert Zimmerman (1)
Recent activity as signatory:
• MRR Development borrowed $170 million from Bank OZK for 126 East 57th Street, 686 Lexington Avenue, 127 East 56th Street, 684 Lexington Avenue, 678 Lexington Avenue, and others, Midtown East, Manhattan on December 13, 2022.
• Marin Management sold 52 East 76th Street, Upper East Side, Manhattan for $6.8 million to MRR Development on October 14, 2021.
• MRR Development borrowed $10 million from Israel Discount Bank for 129 East 56th Street, 678 Lexington Avenue, 680 Lexington Avenue, 684 Lexington Avenue, 686 Lexington Avenue, and others, Plaza District, Manhattan on August 20, 2021.
Latest Stories:
• MRR Development pays $6.8M to Marin Management for rental in Upper East Side October 15, 2021