Solomon Schwimmer

Owner

Solomon Schwimmer portfolio

$69.9 million* – elevator 44.0%, walkup 43.0%; Brooklyn 92.0%, Bronx 7.0%

753th largest portfolio by dollar value

377,114 sqft – elevator 44.0%, walkup 43.0%;

761th largest by SF

37 properties – Brooklyn 91%, Bronx 8%

276th largest

613 residential units – Brooklyn 94.0%, Bronx 5.0%

359th largest by residential units

Person Activity past 24 months:

Buyer signatory: 3 for $26 million

Borrower signatory: 8 for $123.5 million

Developer (new building or major alteration): 10.0 for 171,373 square feet

Top Ten Associated Companies:

Bank of Princeton (4), Valley National Bank (4), Sabal Capital Partners (3), IceCap Group (1), Parke Bank (1), Kearny Bank (1), S3 Capital (1), Chuen Po Kao (1), Jacqueline Kao (1), Ponce Bank (1)

Top Ten Associated People:

Joseph Sasson (1), Joe Garcia (1), Kenneth Stevenson (1), William McCoy (1), Joshua Crane (1), Chuen Po Kao (1), Jacqueline Kao (1), Steven A. Tsavaris (1), Terence J. McArdle (1), Andy G. Zhong (1)

Recent activity as company:

Solomon Schwimmer borrowed $5 million from IceCap Group for 679 Marcy Avenue, Bedford Stuyvesant, Brooklyn on November 06, 2024.

Daniel R. Miller sold 503 4th Avenue, South Slope, Brooklyn for $2 million to Solomon Schwimmer on August 15, 2024.

Robert Bardach sold 3013 3rd Avenue, Melrose, Bronx for $1.5 million to Solomon Schwimmer on May 06, 2024.

Solomon Schwimmer borrowed $17 million from Bank of Princeton for 650 Madison Street, Bedford Stuyvesant, Brooklyn on April 11, 2024.

Solomon Schwimmer borrowed $8 million from EastAlliance for 150 Lawrence Street, Downtown Brooklyn, Brooklyn on March 29, 2024.

• Jacob Joseph Schwimmer and Solomon Schwimmer borrowed $9.2 million from Valley National Bank for 558 Sackett Street, Gowanus, Brooklyn on February 27, 2024.

Solomon Schwimmer borrowed $55 million from Ponce Bank for 150 Lawrence Street, Downtown Brooklyn, Brooklyn on December 19, 2023.

Solomon Schwimmer borrowed $5.4 million from Valley National Bank for 1359 Nostrand Avenue, East Flatbush, Brooklyn on October 13, 2023.

Solomon Schwimmer borrowed $5.1 million from Bank of Princeton for 5 New Montrose Avenue, Williamsburg, Brooklyn on August 10, 2023.

Solomon Schwimmer filed plans for new building for 102,432 sqft in Downtown Brooklyn, Brooklyn, on May 25, 2023.

Latest Stories:

• Solomon Schwimmer signs $17M refi for 38-unit rental in Bedford Stuyvesant (April 12, 2024)

• Solomon Schwimmer signs $55M construction loan for 101-unit project in Downtown Brooklyn (December 20, 2023)

• Solomon Schwimmer plans 101-unit project in Downtown Brooklyn (June 06, 2023)

• Solomon Schwimmer pays $22.5M for potential dev site in Downtown Brooklyn (February 28, 2023)

• Solomon Schwimmer signs $13.8M construction loan with S3 Capital for 38-unit development in Bedford Stuyvesant (January 23, 2023)

• Solomon Schwimmer pays $5.6M for 34-unit dev site in Gowanus (November 11, 2022)

• Solomon Schwimmer signs $17.1M refi with Kearny Bank for residential elevator in Kensington (May 17, 2022)

• Solomon Schwimmer signs $18.2M construction loan with Parke Bank for 46-unit dev site in Crown Heights (May 05, 2022)

• Solomon Schwimmer, Joel Biner sign $8.4M refi for 23-unit elevator building in East Morrisania (March 11, 2022)

• Solomon Schwimmer signs $6.3M refi with Sabal Capital for two rentals in Prospect Lefferts Gardens (November 08, 2021)

Properties:

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*The Portfolio Value is the city’s Market Value, which is typically 50% or less of actual market value.

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