Beitel Group
(Beitel)
1021 38th Street Brooklyn, NY 11219
People:
Beitel Group NYC portfolio
$616.3 million -industrial 69%, elevator 12%, development 9%; Bronx 66%, Brooklyn 33%*
366th largest portfolio by dollar value
376,597 sqft – industrial 38%, elevator 28%, P5 15%; Brooklyn 65%, Bronx 34%
1017th largest by SF
16 properties – Brooklyn 68%, Bronx 31%
614th largest
969 residential units – Bronx 88%, Brooklyn 11%
337th largest by residential units
Company Activity past 24 months:
Buyer company: 2 for $84 million
Borrower company: 11 for $625.7 million
Developer (new building or major alteration): 1 for 60,558 square feet
Top Ten Associated Companies:
Slate Property Group (5), Parke Bank (3), MF1 Capital (2), Dwight Capital (1), Valley National Bank (1), Cerco Funding (1), Starwood Capital Group (1), BridgeCity Capital (1), Citibank (1), First Central Savings Bank (1)
Top Ten Associated People:
Stephen Krasman (3), Jonathan Pfeil (2), Renee D’Orazio (1), Adam Sasouness (1), Jeffrey Puchin (1), Grace Chiang (1), Louis Lebovits (1), Joel Ackerman (1), Arthur M. Birenbaum (1)
Recent activity as company:
• Beitel Group borrowed $5.3 million from Parke Bank for 1533 60 Street on February 24, 2026.
• Beitel Group borrowed $33 million from Valley National Bank for None on January 28, 2026.
• Beitel Group borrowed $155 million from Dwight Capital for 315 Grand Concourse on August 07, 2025.
• Lightstone Group sold 355 Exterior Street for $40.6 million to Beitel Group on July 18, 2025.
• Beitel Group borrowed $53 million from Slate Property Group for 355 Exterior Street on July 18, 2025.
• Beitel Group borrowed $35.8 million from Slate Property Group for 355 Exterior Street on July 18, 2025.
• Lightstone Group sold 355 Exterior Street for $43.4 million to Beitel Group on July 18, 2025.
• Beitel Group borrowed $24.8 million from Parke Bank for 1533 60 Street on June 12, 2025.
• Beitel Group borrowed $6.6 million from Grasshopper Bank for 5311 18 Avenue on March 31, 2025.
• Beitel Group borrowed $112.9 million from Slate Property Group for 315 Grand Concourse on September 05, 2024.
Latest Stories:
• Beitel Group pays Lightstone $84M for two-building dev site in Mott Haven (July 25, 2025)
• Beitel Group signs $29M refi with Slate in Mott Haven (September 17, 2024)
• Beitel Group pays $3.5M to expand dev site in Borough Park (February 29, 2024)
• Beitel Group files plans for 32K sf office building in Borough Park (August 31, 2023)
• Beitel Group pays $4M for industrial in Borough Park (May 23, 2023)
• Beitel Group pays $23.3M to expand dev site in Mott Haven (December 07, 2022)
Properties: