Arch Companies
(Arch Real Estate Holdings)
88 University Place, 11th Floor New York, NY 10003
People:
Arch Companies NYC portfolio
$155.2 million -elevator 49%, mixed-use 20%, development 17%; Manhattan 42%, Brooklyn 31%, Queens 23%*
1134th largest portfolio by dollar value
367,345 sqft – mixed-use 64%, elevator 29%, C7 3%; Queens 65%, Manhattan 20%, Brooklyn 12%
1042th largest by SF
12 properties – Queens 41%, Brooklyn 33%, Manhattan 16%
851th largest
216 residential units – Queens 61%, Manhattan 20%, Brooklyn 18%
1085th largest by residential units
3 foreclosures, 1 bankruptcy, 9 other court cases.
Company Activity past 24 months:
Seller company: 1 for $48.6 million
Top Ten Associated Companies:
Valley National Bank (2), CIM Group (2), Hirshmark Capital (2), First Republic Bank (1), Arch Companies (1), Madison Realty Capital (1)
Top Ten Associated People:
Oren Sapirstein (1), Roger Rofe (1), Roland Cablayan (1), David Thompson (1)
Recent activity as company:
• Arch Companies sold 26 East 12 Street for $48.6 million to CIM Group on September 19, 2024.
• Hirshmark Capital on February 08, 2024 bought a loan with an original principal of $3.8 million from the prior lender, secured by 146 East 89 Street, when owned by Arch Companies.
• Hirshmark Capital on November 17, 2023 bought a loan with an original principal of $3.8 million from ConnectOne Bank, signed by William Tierney, secured by 146 East 89 Street, when owned by Arch Companies.
• Arch Companies borrowed $45.8 million from Valley National Bank for 339 Canal Street on September 23, 2022.
• Balthasar Capital Fund Management sold 1010 Bushwick Avenue for $11.7 million to Arch Companies on August 26, 2022.
• Arch Companies borrowed $10.8 million from Valley National Bank for 1604 Avenue P on August 26, 2022.
• Balthasar Capital Fund Management sold 1351 Dekalb Avenue for $12.5 million to Arch Companies on August 26, 2022.
• Balthasar Capital Fund Management sold 435 Central Avenue for $10 million to Arch Companies on August 26, 2022.
• AB Capstone sold 1604 Avenue P for $22.3 million to Arch Companies on August 25, 2022.
• Albert Gad sold 146 East 89 Street for $5.8 million to Arch Companies on June 28, 2022.
Latest Stories:
• Jeffrey Simpson files bankruptcy for Arch Companies entity (March 11, 2024)
• Yotam Michaeli pays $3.5M for three rentals in Bushwick (December 14, 2023)
• $10.8M pre-foreclosure filed at Sheepshead Bay dev site (October 25, 2023)
• Investor fears $350M loss if Arch Companies files bankruptcy (October 11, 2023)
• Courts roundup: Arch Companies sues AB Capstone, Karten sues Schuster (February 21, 2023)
Court Records:
Properties:
