Carmel Partners
People:
Carmel Partners NYC portfolio
$1.2 billion* – development 82%, mixed-use 17%; Queens 55%, Brooklyn 26%, Manhattan 18%
148th largest portfolio by dollar value
14,029 sqft – mixed-use 56%, office 22%, walkup 21%;
4852th largest by SF
9 properties – Manhattan 44%, Brooklyn 33%, Queens 22%
841th largest
1,660 residential units – Queens 56%, Brooklyn 34%, Manhattan 9%
144th largest by residential units
Company Activity past 24 months:
Seller company: 1 for $45 million
Borrower company: 3 for $418.7 million
Top Ten Associated Companies:
Wells Fargo (2), Goldman Sachs (1), Stawski Partners (1), PCCP (1), Pontegadea (1), PNC Bank (1), Brookfield Properties (1), Northwestern Mutual Life Insurance (1), AYA Acquisitions (1), Domain Companies (1)
Top Ten Associated People:
Daniel Alger (1), Axel (Abraham) Stawski (1), Chinar Mithani Starck (1), William R. Lindsay (1), Patricia Alonso Gonzalez (1), Thomas Murta (1), Amir Shriki (1), Matthew Schwartz (1), Mark Carlson (1), Regina Chou (1)
Recent activity as company:
• Carmel Partners sold 225 East 63rd Street, Lenox Hill, Manhattan for $45 million to AYA Acquisitions on November 26, 2024.
• Carmel Partners borrowed $153 million from Northwestern Mutual Life Insurance for 1487 1st Avenue, Lenox Hill, Manhattan on September 07, 2023.
• Carmel Partners borrowed $233 million from Goldman Sachs for 54 Crown Street, Crown Heights, Brooklyn on August 02, 2023.
• Carmel Partners borrowed $32.7 million from PCCP for 225 East 63rd Street, Lenox Hill, Manhattan on July 07, 2023.
• Carmel Partners borrowed $22 million from PNC Bank for N/A Crown Street, N/A Montgomery Street, and N/A Montgomery Street, Crown Heights, Brooklyn on September 02, 2022.
• Carmel Partners sold 19 Dutch Street, Financial District, Manhattan for $487.5 million to Pontegadea on September 23, 2022.
• Carmel Partners borrowed $500 million from Wells Fargo for 43-30 24th Street and 43-16 24th Street, Long Island City, Queens on August 31, 2022.
• Stawski Partners sold 23-15 44th Road and 43-16 24th Street, Long Island City, Queens for $176 million to Carmel Partners on March 16, 2022.
• Carmel Partners sold 354 East 91st Street, Yorkville, Manhattan for $128.2 million to Stockbridge Capital Group and Stonehenge NYC on February 01, 2022.
• Carmel Partners for Matthew Feldman filed plans for new building for 160,641 sqft in Lenox Hill, Manhattan, on January 24, 2022.
Latest Stories:
• 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: