City Storage Systems

(CloudKitchens)

633 West 5th Street 11th floor Los Angeles CA 90071

People:

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City Storage Systems NYC portfolio

$11.7 million -industrial 67%, office 32%; Bronx 67%, Brooklyn 32%*

4472th largest portfolio by dollar value

22,103 sqft – industrial 53%, office 46%; Bronx 53%, Brooklyn 46%

4787th largest by SF

2 properties – Bronx 50%, Brooklyn 50%

4260th largest

Notes

Travis Kalanick is an owner in City Storage Systems.

Company Activity past 24 months:

Seller company: 2 for $7.8 million

Top Ten Associated Companies:

Goldman Sachs (3), Rayman Rasheed (1), Sohajvir Singh (1), Zhou Xu (1), Rajive Maret (1)

Top Ten Associated People:

Rayman Rasheed (1), Sohajvir Singh (1), Zhou Xu (1), Rajive Maret (1)

Recent activity as company:

City Storage Systems sold 15 Catherine Street for $3.5 million to Zhou Xu on April 30, 2025.

CloudKitchens sold 224 West 145 Street for $4.3 million to Sohajvir Singh on July 02, 2024.

CloudKitchens sold 1424 Cromwell Avenue for $4.5 million to Rajive Maret on October 10, 2023.

CloudKitchens sold 4330 Bullard Avenue for $2.2 million to Rayman Rasheed on June 23, 2023.

City Storage Systems borrowed $6 million from Goldman Sachs for 15 Catherine Street on October 21, 2021.

Jeffrey Caputo sold 110 Commerce Street for $3.8 million to City Storage Systems on October 05, 2020.

Carolyn Mebel sold 24-26 47 Street for $3.7 million to City Storage Systems on August 31, 2020.

Stonehill Holdings sold 2368 Hoffman Street for $2 million to City Storage Systems on April 30, 2020.

City Storage Systems borrowed $5.9 million from Goldman Sachs for 2368 Hoffman Street on April 30, 2020.

• Daniel J. Gordon sold 40-05 43 Street for $6.6 million to City Storage Systems on March 23, 2020.

Latest Stories:

• Zhou Xu pays $3.5M to CloudKitchens for dev site in Chinatown (May 30, 2025)

• Rajive Maret pays $4.5M to CloudKitchens for industrial in Mt Eden (October 19, 2023)

• CloudKitchens sells Wakefield industrial for $2.2M (July 11, 2023)

• Retail, mixed-use sell for $5M in Harlem adjacent to Exact Capital’s 72-unit project (May 19, 2022)

• City Storage affiliate signs $6M loan with Goldman Sachs for office building in Chinatown (December 06, 2021)

• Warehouse sells for $4.3M in Highbridge (March 01, 2021)

• Travis Kalanick’s City Storage Systems pays $3.8M, at least 8th purchase in NYC since 2018 (October 22, 2020)

• City Storage Systems pays $3.7M for industrial building, at least 7th since 2018 (September 18, 2020)

• Travis Kalanick’s City Storage Systems pays $2.1M for industrial property in Tremont (May 06, 2020)

• City Storage Systems borrows $6M from Goldman Sachs to acquire storage property in Tremont (May 06, 2020)

Properties:

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