Carmel Partners

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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 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)

• Carmel Partners signs $153M construction loan with Northwestern Mutual for 94-unit project in Lenox Hill (September 20, 2023)

• Grubb Properties signs $45.1M refi loan with Naftali Credit Partners for 388-unit development in FiDi (August 11, 2023)

• Carmel Partners signs $233M construction loan for 569-unit development in Crown Heights (August 11, 2023)

• Carmel Partners signs $22M refi loan with PNC Bank for 569-unit dev site in Brooklyn (October 06, 2022)

• Pontegadea pays $487.5M to Carmel Partners for 483-unit rental in FiDi, assumes $272M loan (September 30, 2022)

• Carmel Partners signs $500M construction loan with Wells Fargo for 923-unit development in Long Island City (September 15, 2022)

• Goldman Sachs acquires 72.3% stake from Domain, Mega valued at $30.4M for 268-unit project in Gowanus (August 19, 2022)

• Stockbridge Capital, Stonehenge sign $73.4M refi for newly acquired rental in Yorkville (May 02, 2022)

Properties:

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*The Portfolio Value is a PincusCo estimate based on a property’s recent sale or loan, or multiplying the city’s Market Value by two.

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