Shulem Herman

(S. Herman)

Owner

63 FLUSHING AVE, #299 Building 27, Brooklyn, NY 11205

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Shulem Herman portfolio

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

$28.5 million – hotel 68%, walkup 11%; Queens 68%, Brooklyn 31%

1341th largest portfolio by dollar value

188,958 sqft – hotel 61%, walkup 14%;

1246th largest by SF

11 properties – Brooklyn 81%, Queens 18%

146th largest

80 residential units – Brooklyn 100%, Manhattan 0%

718th largest by residential units

Person Activity past 24 months:

Buyer signatory: 2 for $10.5 million

Seller signatory: 0 for $0

Borrower signatory: 3 for $25.8 million

Lender signatory: 0 for $0

Developer (new building or major alteration): 0 for 0 square feet

Top Ten Associated Companies:

Signature Bank (3), TD Bank (2), Dime Community Bank (2), Cayuga Capital Management (1), Black Spruce Management (1), Eyny Zvi (1), S3 Capital (1), Aida Ortega-Cruz (1), Marcus Fox (1), Lancewood Capital (1)

Top Ten Associated People:

Joseph Grunwald (2), Nicholas A. LaMorte (2), Ryan O. Miller (1), Joshua Gotlib (1), Eyny Zvi (1), Aida Ortega-Cruz (1), Sara Weisblum (1), Stephanie Platzman-Diamant (1), Steven Mendel (1)

Recent activity as signatory:

• Shulem Herman borrowed $13.3 million from Bethpage Federal Credit Union for 139 Frost Street and N/A Frost Street, Williamsburg, Brooklyn on November 21, 2024.

• Shulem Herman borrowed $7 million from Lancewood Capital for 254 Melrose Street and 391 Meeker Avenue, Bushwick, Brooklyn on September 14, 2023.

• Marcus Fox sold 147 Bleecker Street, Bushwick, Brooklyn for $2 million to Shulem Herman on June 20, 2023.

• Shulem Herman borrowed $5.4 million from Signature Bank for 348 Troutman Street, Bushwick, Brooklyn on February 22, 2023.

• Cayuga Capital Management sold 348 Troutman Street, Bushwick, Brooklyn for $8.5 million to Shulem Herman on February 22, 2023.

• Shulem Herman borrowed $19 million from Dime Community Bank for 43-17 Rockaway Beach Blvd, Edgemere, Queens on January 05, 2023.

• Shulem Herman borrowed $5.5 million from S3 Capital for 137 Frost Street, 66 South 2nd Street, and N/A Frost Street, Williamsburg, Brooklyn on November 17, 2022.

• Shulem Herman borrowed $50 million from Signature Bank for 1501 Pitkin Avenue, Brownsville, Brooklyn on November 15, 2022.

• Shulem Herman borrowed $37 million from Dime Community Bank for 52-34 Van Dam Street, Long Island City, Queens on September 06, 2022.

• Aida Ortega-Cruz sold 296 Willoughby Avenue, Bedford-Stuyvesant, Brooklyn for $2.4 million to Shulem Herman on July 27, 2022.

Properties:

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