Avdoo & Partners Development

(Avdoo & Partners)

Owner, Developer

221 W 37th St, New York, NY 10018

avdoo.com

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Avdoo & Partners Development NYC portfolio

$363.6 million* – development 49%, walkup 23%; Brooklyn 79%, Manhattan 20%

465th largest portfolio by dollar value

199,373 sqft – walkup 27%, retail 17%;

1209th largest by SF

19 properties – Brooklyn 73%, Manhattan 26%

467th largest

226 residential units – Brooklyn 74%, Manhattan 25%

806th largest by residential units

0 foreclosures, 0 bankruptcies, 1 other court case.

Company Activity past 24 months:

Buyer company: 5 for $101.5 million

Borrower company: 7 for $198.5 million

Developer (new building or major alteration): 3 for 114,311 square feet

Top Ten Associated Companies:

Valley National Bank (5), Warren Prosky (2), Gatsby Enterprises (2), S.J. Fuel Co. (2), Hidrock Properties (2), Signature Bank receiver (1), Bank Leumi (1), Bank Hapoalim (1), First Republic Bank (1), Tzvi Schwartz (1)

Top Ten Associated People:

Roland M. Cablayan (3), Warren Prosky (2), Roland Cablayan (2), Nader Ohebshalom (2), Jessica Ohebshalom (2), Lisa Ohebshalom (2), Peter D’Arco (2), Abraham J. Hidary (2), Alan J. Perlowitz (1), Tzvi Schwartz (1)

Recent activity as company:

• Avdoo & Partners Development borrowed $14.8 million from Valley National Bank for 100 Boerum Place, Boerum Hill, Brooklyn on February 28, 2025.

• Avdoo & Partners Development borrowed $32.2 million from Valley National Bank for 1343 2nd Avenue, 1341 2nd Avenue, 1347 2nd Avenue, 1345 2nd Avenue, and 242 East 71st Street, Lenox Hill, Manhattan on February 10, 2025.

• Gatsby Enterprises sold 1343 2nd Avenue, 1347 2nd Avenue, 1345 2nd Avenue, and 242 East 71st Street, Lenox Hill, Manhattan for $41.6 million to Avdoo & Partners Development on February 10, 2025.

• Gatsby Enterprises sold 1341 2nd Avenue, Lenox Hill, Manhattan for $10.4 million to Avdoo & Partners Development on February 10, 2025.

• Avdoo & Partners Development borrowed $16.1 million from Bank Hapoalim for 601 Union Street and N/A Sackett Street, Gowanus, Brooklyn on December 27, 2024.

• S.J. Fuel Co. sold 601 Union Street and N/A Sackett Street, Gowanus, Brooklyn for $29.4 million to Avdoo & Partners Development on December 27, 2024.

• Avdoo & Partners Development for Shlomi Avdoo filed plans for new building for 20,219 sqft in Park Slope, Brooklyn, on September 18, 2024.

• Avdoo & Partners Development borrowed $105 million from Valley National Bank for 325 Bergen Street, Boerum Hill, Brooklyn on January 03, 2024.

• Avdoo & Partners Development for Shlomi Avdoo filed plans for new building for 73,873 sqft in Crown Heights, Brooklyn, on December 27, 2023.