Arker Companies

People:

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Arker Companies portfolio

$567.3 million* – elevator 43.0%, walkup 19.0%; Brooklyn 48.0%, Bronx 26.0%

106th largest portfolio by dollar value

5,448,521 sqft – elevator 51.0%, walkup 25.0%;

54th largest by SF

105 properties – Brooklyn 45%, Bronx 34%

82th largest

5,559 residential units – Brooklyn 40.0%, Bronx 38.0%

32th largest by residential units

Company Activity past 24 months:

Buyer company: 1 for $137.6 million

Seller company: 5 for $169.1 million

Borrower company: 2 for $244.7 million

Top Ten Associated Companies:

Merchants Bank of Indiana (7), Merchants Capital (4), Wells Fargo (3), Tredway (3), Gilbane Development (3), ELH Mgmt. (3), Brookfield Asset Management (3), Phoenix Realty Group (2), Yechiel Newhouse (2), Tishman Speyer (1)

Top Ten Associated People:

Jacqueline Tom (3), Adam Sussi (3), Bianca Geary (2), Ron Orgel (2), Yechiel Newhouse (2), David Augarten (1), Lauren E. Campbell (1), Jonathan Gouveia (1), Bianda Geary (1), Steven Beberman (1)

Recent activity as company:

Arker Companies borrowed $12.6 million from Merchants Bank of Indiana for 1434 Ogden Avenue and 228-238 Nagle Avenue, Highbridge, Bronx on January 31, 2024.

Arker Companies, Radson Development and Maddd Equities sold 950 Westchester Avenue and 950 Westchester Avenue, Longwood, Bronx for $8.6 million to Yechiel Newhouse on October 30, 2023.

Arker Companies sold 950 Westchester Avenue, Longwood, Bronx for $10.5 million to Yechiel Newhouse on October 30, 2023.

Arker Companies borrowed $232.1 million from Merchants Capital for 1134 Union Avenue, 813 East 163rd Street, 611 East 158th Street, 820 Hewitt Place, 1094 Union Avenue, and others, Morrisania, Bronx on October 12, 2023.

New York City Housing Authority sold 1134 Union Avenue, 813 East 163rd Street, 611 East 158th Street, 820 Hewitt Place, 1094 Union Avenue, and others, Morrisania, Bronx for $137.6 million to Arker Companies and New York City Housing Authority on October 12, 2023.

Arker Companies and Related Companies sold 2930 West 30th Street, Coney Island, Brooklyn for $61.4 million to Tredway, Gilbane Development, ELH Mgmt. and Brookfield Asset Management on June 13, 2023.

Arker Companies and Related Companies sold 2828 West 28th Street, Coney Island, Brooklyn for $28.5 million to Tredway, Gilbane Development, ELH Mgmt. and Brookfield Asset Management on June 13, 2023.

Arker Companies and Related Companies sold 2966 West 28th Street, Coney Island, Brooklyn for $60.1 million to Tredway, Gilbane Development, ELH Mgmt. and Brookfield Asset Management on June 13, 2023.

Arker Companies borrowed $39.3 million from Merchants Capital for 22-10 New Haven Avenue, Far Rockaway, Queens on January 06, 2023.

Arker Companies borrowed $78.5 million from Merchants Capital for 249 Heyson Road, 14-10 New Haven Avenue, and 14-03 Heyson Road, Far Rockaway, Queens on December 20, 2022.

Latest Stories:

• Tishman Speyer files plans for 244-unit project in Edgemere (August 23, 2024)

• Gilbane with Tredway, ELH Mgmt., Brookfield, file plans for 250-unit senior rental in Coney Island (July 01, 2024)

• Arker Companies signs 99-year ground lease valued at $137.6M with NYCHA for PACT deal in Bronx (October 13, 2023)

• Tishman Speyer signs $132.3M construction loan for 237-unit development in Edgemere (July 10, 2023)

• Tredway, Gilbane Development, ELH Mgmt. pay Arker, Related $150M (June 14, 2023)

• Arker Companies pays $45M to Mallory Management for 153-unit rental in Far Rockaway (April 26, 2022)

• Tishman Speyer pays $90.4M to Arker Companies for development parcels in Edgemere (December 09, 2021)

• Arker Companies pays $33.5M to Phoenix Realty Group for rentals in Bedford-Stuyvesant (November 25, 2020)

• Arker files plans for 257-unit rental, first of 11-building, 2,200-unit Edgemere Commons (September 28, 2020)

• Jose Tavarez borrows $11M from Sterling National Bank for portfolio in Bronx, Manhattan (May 08, 2020)

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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