Steven Neuman

Coltown Properties

Owner

85 Delancey St. New York, NY 10002

233 W Route 59 , Nanuet, NY 10954

LinkedIn

Coltown Properties portfolio

$66.3 million* – elevator 67%, condo 7%; Manhattan 73%, Brooklyn 26%

785th largest portfolio by dollar value

718,727 sqft – elevator 84%, walkup 9%;

455th largest by SF

12 properties – Manhattan 66%, Brooklyn 33%

720th largest

600 residential units – Manhattan 60%, Brooklyn 39%

364th largest by residential units

Notes

“Coltown Properties is a privately held, New York-based real estate company founded by Israel Weinberger, Steven Neuman and Jonathan Weinberger,” according to Real Esate Weekly from 2021.

Person Activity past 24 months:

Seller signatory: 1 for $16.5 million

Developer (new building or major alteration): 5.0 for 0 square feet

Top Ten Associated People:

John Feijoo (4), Paul Kotronis (1), Bentley Shang Zhao (1), Douglas Walerstein (1), Tracy Cohen (1), Alan L. Kaufman (1)

Recent activity as company:

Steven Neuman sold 2435 Frederick Douglass Boulevard, Harlem, Manhattan for $16.5 million to James Equities and Services for the Underserved on September 18, 2024.

Coltown Properties borrowed $5 million from New York Community Bank for 2391 Bedford Avenue, Flatbush, Brooklyn on November 25, 2022.

Coltown Properties borrowed $5.7 million from New York Community Bank for 1202-1212 Avenue K, Midwood, Brooklyn on November 25, 2022.

Steven Neuman sold 765 Flatbush Avenue, 21 Lenox Road, 757 Flatbush Avenue, 763 Flatbush Avenue, and 761 Flatbush Avenue, Flatbush, Brooklyn for $18 million to New Empire Corp. on November 03, 2022.

Israel Weinberger, Steven Neuman and Coltown Properties borrowed $13 million from New York Community Bank for 100 West 93rd Street, Upper West Side, Manhattan on October 11, 2022.

Steven Neuman borrowed $20.1 million from New York Community Bank for 3660 Waldo Avenue, Kingsbridge, Bronx on July 05, 2022.

Coltown Properties borrowed $19.4 million from Signature Bank for 55 Linden Boulevard and 45 Linden Boulevard, Flatbush, Brooklyn on June 27, 2022.

Steven Neuman filed plans for new building for 3,342 sqft in Harlem, Manhattan, on November 17, 2021.

Coltown Properties borrowed $48 million from Berkadia Commercial Mortgage for 410 St Nicholas Avenue, Harlem, Manhattan on November 09, 2021.

Coltown Properties borrowed $20 million from Connectone Bank for 685 Lenox Avenue, 691 Lenox Avenue, 112 West 145th Street, 122 West 145th Street, and 150 West 145th Street, Central Harlem, Manhattan on June 18, 2021.

Latest Stories:

• James Equities, Services for the Underserved pay $16.5M for dev site in Harlem (September 19, 2024)

• New Empire files plans for 132-unit project in Flatbush (August 01, 2023)

• Bentley Zhao’s New Empire files to demolish 5 buildings in Flatbush, no NB plans filed yet (January 24, 2023)

• Coltown Properties signs $10.7M loan modification for two walkups in Brooklyn (November 28, 2022)

• Bentley Zhao’s New Empire Corp. pays $18M for likely dev site in Flatbush (November 04, 2022)

• Camber Property signs $74.5M loan for eight properties in Brooklyn (February 15, 2022)

• Coltown Properties signs $48M refi loan with Berkadia for rental in Harlem (November 10, 2021)

• Coltown Properties signs $20M refi for One45 dev site in Central Harlem (June 21, 2021)

• Camber Property Group pays $82M to Coltown Properties for Flatbush portfolio (May 26, 2020)

• Camber Property borrows $66M from Merchants Bank of Indiana for rental acquisitions in Flatbush (May 26, 2020)

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

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