CAVU Property Group
2233 Nostrand Ave., Brooklyn, NY 11210
1360 East 28th Street Brooklyn NY 11210
People:
CAVU Property Group NYC portfolio
$135.8 million -development 44%, industrial 30%, D7 19%; Brooklyn 63%, Queens 30%, Bronx 5%*
1233th largest portfolio by dollar value
128,645 sqft – D7 44%, industrial 31%, elevator 10%; Brooklyn 58%, Queens 31%, Bronx 10%
2044th largest by SF
12 properties – Brooklyn 66%, Queens 25%, Bronx 8%
854th largest
304 residential units – Brooklyn 93%, Bronx 6%
835th largest by residential units
Company Activity past 24 months:
Buyer company: 3 for $38.4 million
Borrower company: 6 for $103.4 million
Developer (new building or major alteration): 5 for 414,205 square feet
Top Ten Associated Companies:
Jay Kestenbaum (2), Popular Bank (2), Webster Bank (2), Valley National Bank (1), Levon Capital (1)
Top Ten Associated People:
Yonathan Whitehouse (2), Gary Hoffson (1), Ann S. Wilhelm (1)
Recent activity as company:
• Vashie Ramlochan sold 32-08 38 Avenue for $4.4 million to CAVU Property Group on March 12, 2026.
• CAVU Property Group for Steven Hurwitz filed plans for new building for 86,146 sqft in Woodside, Queens, on September 16, 2025.
• CAVU Property Group for Steven Hurwitz filed plans for new building for 86,152 sqft in Woodside, Queens, on September 16, 2025.
• CAVU Property Group for Steven Hurwitz filed plans for new building for 81,123 sqft in Long Island City, Queens, on August 04, 2025.
• CAVU Property Group for Steven Hurwitz filed plans for new building for 82,274 sqft in Long Island City, Queens, on August 04, 2025.
• CAVU Property Group for Steven Hurwitz filed plans for new building for 78,510 sqft in Long Island City, Queens, on August 04, 2025.
• Jay Kestenbaum sold 38-19 32 Street for $18.5 million to CAVU Property Group on June 24, 2025.
• Jay Kestenbaum sold 38-10 33 Street for $15.5 million to CAVU Property Group on June 24, 2025.
• CAVU Property Group borrowed $14 million from Jay Kestenbaum for 38-10 33 Street on June 24, 2025.
• CAVU Property Group borrowed $5 million from Jay Kestenbaum for 38-19 32 Street on June 24, 2025.
Latest Stories:
• CAVU Property Group pays $4.4M to expand LIC dev site (April 01, 2026)
• CAVU Property files 3 plans with 253 units in LIC (August 06, 2025)
• CAVU Property Group pays $34M to Jay Kestenbaum for possible dev site in LIC (July 10, 2025)
• CAVU Property Group signs $18M refi for six properties in East Flatbush (August 15, 2024)
• CAVU Property signs $19.5M construction loan for retail, office in Flatlands (July 01, 2024)
• CAVU Property Group signs $41.1M construction loan for development in Flatlands (June 26, 2024)
• CAVU Property Group plans 34K sf retail, office building (June 06, 2023)
• Jackson Group plans 67-unit building in Flatlands (June 06, 2023)
• CAVU Property Group pays $12.8M to Jackson Group for development in Flatlands (May 30, 2023)
Properties: