CAVU Property Group
People:
CAVU Property Group NYC portfolio
$161 million* – development 61.0%, elevator 22.0%; Brooklyn 95.0%, Bronx 4.0%
907th largest portfolio by dollar value
134,944 sqft – elevator 44%, D7 42%;
1610th largest by SF
10 properties – Brooklyn 90%, Bronx 10%
860th largest
345 residential units – Brooklyn 94%, Bronx 5%
619th largest by residential units
Company Activity past 24 months:
Buyer company: 1 for $12.8 million
Borrower company: 5 for $90.9 million
Developer (new building or major alteration): 1 for 33,921 square feet
Top Ten Associated Companies:
Webster Bank (2), Popular Bank (2), Jackson Group (1), Levon Capital (1), Valley National Bank (1)
Top Ten Associated People:
Yonathan Whitehouse (2), Elliott Chehebar (1), Gary Hoffson (1), Ann S. Wilhelm (1)
Recent activity as company:
• CAVU Property Group borrowed $5.8 million from Valley National Bank for 157 West Kingsbridge Roa, Kingsbridge Heights, Bronx on September 10, 2024.
• CAVU Property Group borrowed $18 million from Webster Bank for 1597 New York Avenue, 1296 New York Avenue, 3410 Farragut Road, 1595 New York Avenue, 3408 Farragut Road, and others, East Flatbush, Brooklyn on August 14, 2024.
• CAVU Property Group borrowed $19.5 million from Levon Capital for 2255 Nostrand Avenue, Flatlands, Brooklyn on June 28, 2024.
• CAVU Property Group borrowed $41.1 million from Popular Bank for 2263 Nostrand Avenue, Flatlands, Brooklyn on June 25, 2024.
• CAVU Property Group for Steven Hurwitz filed plans for new building for 33,921 sqft in Flatlands, Brooklyn, on May 31, 2023.
• CAVU Property Group borrowed $6.5 million from Popular Bank for 2251 Nostrand Avenue, Flatlands, Brooklyn on May 26, 2023.
• Jackson Group sold 2251 Nostrand Avenue, Flatlands, Brooklyn for $12.8 million to CAVU Property Group on May 26, 2023.
• CAVU Property Group borrowed $21 million from Webster Bank for N/A Prospect Place, Crown Heights, Brooklyn on April 07, 2022.
Latest Stories:
• 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: