Ryan Bathie
Innovo Property Group
1350 6th Ave 17th floor, New York, NY 10019
Innovo Property Group portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$108.1 million – industrial 40%, condo 30%; Queens 67%, Bronx 32%
512th largest portfolio by dollar value
1,050,462 sqft – condo 62%, industrial 37%;
319th largest by SF
13 properties – Queens 69%, Bronx 30%
144th largest
Top Ten Associated Companies:
Starwood Capital Group (2), Starwood Property Trust (1), Metro Office Furniture Rental (1), JPMorgan Chase (1), Cerberus Capital Management (1), CenterPoint Properties (1), John Pantanelli (1), Vornado Realty Trust (1), Paul D. McKinnell (1), PCCP (1)
Top Ten Associated People:
Farid Maluf (1), Samuel Sutton (1), Simon B. Burce (1), James N. Clewlow (1), Michael Tortorici (1), John Pantanelli (1), Steven J. Borenstein (1), Paul D. McKinnell (1), Steve Towle (1)
Recent activity as signatory:
• Ryan Bathie filed plans for demolition in Hunts Point, Bronx, on November 10, 2022.
• Innovo Property Group borrowed $27 million from PCCP for 1100 Leggett Avenue, Hunts Point, Bronx on August 03, 2022.
• Innovo Property Groupand Nan Fung Groupand Atalaya Capital Management borrowed $304.6 million from JPMorgan Chase for 23-30 Borden Avenue, Long Island City, Queens on August 02, 2022.
• Metro Office Furniture Rental sold 1100 Leggett Avenue, Hunts Point, Bronx for $21.5 million to Innovo Property Group on July 26, 2022.
• Paul D. McKinnell sold 21-32 Borden Avenue, Long Island City, Queens for $11 million to Innovo Property Group on July 22, 2022.
• Innovo Property Group borrowed $28.6 million from Starwood Property Trust for 28-90 Review Avenue, Long Island City, Queens on March 24, 2022.
• Innovo Property Group sold 511 Barry Street, Hunts Point, Bronx for $119 million to CenterPoint Properties on September 07, 2021.
• Innovo Property Group borrowed $110.2 million from Cerberus Capital Management for 1110 Oak Point Avenue and N/A Tiffany Street, Hunts Point, Bronx on June 15, 2021.
• Vornado Realty Trust sold N/A Tiffany Street, Hunts Point, Bronx for $10 million to Innovo Property Group on June 15, 2021.
• Nan Fung Group borrowed $93 million from Starwood Capital Group for 23-30 Borden Avenue, Long Island City, Queens on March 12, 2021.
Latest Stories:
• Innovo Property signs $43M refi for 350K storage project in LIC June 08, 2023
• Innovo Property Group pays $21.5M for industrial in Hunts Point July 27, 2022
• CenterPoint pays $119M to Innovo Property Group for warehouse in Hunts Point September 08, 2021
• Innovo Property pays $102.5M to Pearl Realty, Vornado for Hunts Point industrial June 16, 2021
• Innovo pays $18M for air rights in Long Island City March 15, 2021
• Innovo borrows $93M first mortgage from Starwood for LIC development March 15, 2021