Carmel Partners
Lender
1000 Sansome Street, First Floor San Francisco, CA 94111
510 Madison Ave, Suite 800 New York, NY 10022
People:
Carmel Partners NYC portfolio
$1.5 billion -development 65%, condo 20%, mixed-use 13%; Queens 41%, Manhattan 35%, Brooklyn 23%*
143th largest portfolio by dollar value
674,083 sqft – condo 97%, mixed-use 1%; Manhattan 99%
680th largest by SF
14 properties – Manhattan 64%, Brooklyn 21%, Queens 14%
735th largest
2,370 residential units – Queens 39%, Manhattan 36%, Brooklyn 24%
138th largest by residential units
Company Activity past 24 months:
Buyer company: 5 for $241.2 million
Seller company: 1 for $45 million
Latest Stories:
• Carmel Partners pays $241M for MetLife’;s 50% stake in UWS rental complex (May 19, 2026)
• Domain, Vorea sign $127.6M loan for 254-unit project in Gowanus (September 10, 2025)
• Grubb ups debt to $129.4M with Maxim at 462-unit project in FiDi (July 03, 2025)
• AYA pays $45M to Carmel for 151-unit rental in Lenox Hill (December 20, 2024)
• Grubb Properties signs $67.5M refi with Maxim Capital for dev parcel in FiDi (May 23, 2024)
Properties: