Altmark Group

2447 Third Avenue Bronx, New York 10451

People:

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Altmark Group NYC portfolio

$134.3 million* – industrial 38.0%, retail 19.0%; Bronx 80.0%, Manhattan 19.0%

983th largest portfolio by dollar value

408,940 sqft – industrial 64%, specialty 24%;

720th largest by SF

15 properties – Bronx 93%, Manhattan 6%

599th largest

52 residential units – Bronx 100%, Manhattan 0%

2134th largest by residential units

0 foreclosures, 0 bankruptcies, 1 other court case.

Company Activity past 24 months:

Seller company: 2 for $54.5 million

Borrower company: 1 for $9.8 million

Developer (new building or major alteration): 1 for 2,841 square feet

Top Ten Associated People:

Robert Gambitsky (2), Ross Dahmen (1), Jay Shah (1), Louise Bonsignore (1), Peter Serpico (1), Victoria Lyon (1), Esther Toporovsky (1), Lourdes Zapata (1)

Recent activity as company:

Altmark Group borrowed $9.8 million from Metropolitan Commercial Bank for 517 East 132nd Street, 519 East 132nd Street, and 122 Bruckner Boulevard, Mott Haven, Bronx on March 11, 2025.

Altmark Group sold 4541-4551 Furman Avenue, Wakefield, Bronx for $10.5 million to Vertical Community Development on April 03, 2024.

Altmark Group sold 825 East 141st Street and 804 East 141st Street, Mott Haven, Bronx for $44 million to Maddd Equities and SoBro on March 21, 2023.

Altmark Group sold 450 Timpson Place, Mott Haven, Bronx for $17.8 million to Savion on January 05, 2023.

Altmark Group borrowed $6.2 million from TriState Capital Bank for 751 East 133rd Street, 749 East 133rd Street, and 747 East 133rd Street, Mott Haven, Bronx on August 11, 2022.

Altmark Group borrowed $6.4 million from TriState Capital Bank for 389 Rider Avenue, Mott Haven, Bronx on July 13, 2022.

Altmark Group borrowed $6.8 million from Louise Bonsignore for 450 Timpson Place, Mott Haven, Bronx on April 28, 2022.

Louise Bonsignore sold 450 Timpson Place, Mott Haven, Bronx for $9.8 million to Altmark Group on April 28, 2022.

Altmark Group borrowed $7 million from Dime Community Bank for None, Mott Haven, Bronx on March 04, 2022.

Altmark Group borrowed $9 million from Lakeland Bank for 517 East 132nd Street, 519 East 132nd Street, and 122 Bruckner Boulevard, Mott Haven, Bronx on February 04, 2022.

Latest Stories:

• Vertical Community Dev. pays $10.5M to Altmark for industrial in Wakefield (April 04, 2024)

• Maddd Equities SoBro pay $44M to Altmark Group for property in Mott Haven (March 22, 2023)

• Shell subsidiary Savion pays $17.8M to Altmark Group for industrial in Mott Haven (January 06, 2023)

• Altmark Group sells dev site in Mott Haven for $6.5M, JCAL is developer (July 21, 2021)

• JCAL Development signs $55.3M construction loan for 133-unit project in Mott Haven (July 21, 2021)

• Norman Weisfeld, Altmark borrow $19M from BCB for property in Lenox Hill (January 22, 2021)

• Altmark Group refis $19M on public school-leased building in Mott Haven (August 11, 2020)

• Altmark Group borrows $10M from Dime Community Bank for property in Mott Haven (June 04, 2020)

• Union Crossing can be occupied following a $7M change in use to the 235K sf building in Mott Haven (April 06, 2020)

• Altmark Group pays $7M to Kenneth Arbeeny for manufacturing property in Mott Haven (February 11, 2020)

Court Records:

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Properties:

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*The Portfolio Value is a PincusCo estimate based on a property’s recent sale or loan, or multiplying the city’s Market Value by two.

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