Carthage Advisors
(Carthage Real Estate Advisors)
212 W 124th St 19th Floor New York, NY 10027
1872 Lexington Ave – Suite 201 New York, NY 10027
People:
Carthage Advisors NYC portfolio
$383.8 million -elevator 68%, industrial 25%, development 5%; Manhattan 73%, Bronx 26%*
571th largest portfolio by dollar value
300,126 sqft – elevator 98%; Manhattan 98%, Bronx 1%
1202th largest by SF
6 properties – Manhattan 50%, Bronx 50%
1634th largest
338 residential units – Manhattan 99%
798th largest by residential units
Company Activity past 24 months:
Borrower company: 3 for $199 million
Top Ten Associated Companies:
Dwight Capital (2), NYC Housing Development Corporation (1), Enterprise Community Partners (1), Bank Leumi (1), The New York City Acquisition Fund (1), NYS Housing Finance Agency (1), NY Green Bank (1)
Top Ten Associated People:
Baaba Halm (1), Roger Rofe (1), Russell Hubley (1), Adam Sasouness (1)
Recent activity as company:
• Carthage Advisors borrowed $12.5 million from NY Green Bank for West 124 street on June 30, 2026.
• Rester Management and Carthage Advisors borrowed $113.9 million from Dwight Capital for 254 West 124 Street on April 27, 2026.
• Carthage Advisors borrowed $72.6 million from NYS Housing Finance Agency for 441 Concord Avenue on March 31, 2026.
• Carthage Advisors borrowed $100 million from Dwight Capital for 254 West 124 Street on November 03, 2023.
• Carthage Advisors borrowed $6.2 million from Enterprise Community Partners for 431 Concord Avenue on August 21, 2023.
• Nissan Cohen sold 431 Concord Avenue for $4.9 million to Carthage Advisors on August 21, 2023.
• Carthage Advisors borrowed $85.1 million from NYC Housing Development Corporation for West 124 street on December 20, 2022.
• Carthage Advisors borrowed $6 million from The New York City Acquisition Fund for West 124 street on December 28, 2021.
• Carthage Real Estate Advisors borrowed $59.8 million from Bank Leumi for 254 West 124 Street on January 26, 2021.
• Carthage Real Estate Advisors for Ed Poteat filed plans for new building for 186,990 sqft in Harlem, Manhattan, on July 02, 2018.
Properties: