Gatsby Enterprises

(Gatsby Realty)

224 West 35th St, New York, NY 10001

People:

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Gatsby Enterprises NYC portfolio

$455.1 million* – walkup 58.0%, elevator 35.0%; Manhattan 100.0%, Bronx 0.0%

376th largest portfolio by dollar value

709,475 sqft – elevator 46%, walkup 44%;

467th largest by SF

34 properties – Manhattan 100%, Bronx 0%

284th largest

1,025 residential units – Manhattan 100%, Bronx 0%

231th largest by residential units

3 foreclosures, 0 bankruptcies, 2 other court cases.

Company Activity past 24 months:

Seller company: 3 for $92 million

Borrower company: 12 for $141.1 million

Top Ten Associated People:

Alan J. Perlowitz (3), Shlomo Avdoo (2), Jonathan Lieblich (2), Louis Ciniglio (2), Jacob Nimmer (2), Neal Weinstein (1), John Feijoo (1), Cynthia Forte (1), Jothy Narendran (1), Jesse Hutcher (1)

Recent activity as company:

Gatsby Enterprises borrowed $15 million from Amalgamated Bank for 176 East 3rd Street, Alphabet City, Manhattan on March 10, 2025.

Empire Management and Gatsby Enterprises sold 244 West 72nd Street, Lincoln Square, Manhattan for $40 million to City Urban Realty on March 06, 2025.

Gatsby Enterprises sold 1343 2nd Avenue, 1347 2nd Avenue, 1345 2nd Avenue, and 242 East 71st Street, Lenox Hill, Manhattan for $41.6 million to Avdoo & Partners Development on February 10, 2025.

Gatsby Enterprises sold 1341 2nd Avenue, Lenox Hill, Manhattan for $10.4 million to Avdoo & Partners Development on February 10, 2025.

Gatsby Enterprises borrowed $12.5 million from Amalgamated Bank for 116 Avenue Of The Amer, SoHo, Manhattan on December 12, 2024.

Gatsby Enterprises borrowed $5.8 million from Customers Bank for 234 East 52nd Street, Midtown East, Manhattan on October 03, 2024.

Gatsby Enterprises borrowed $6.2 million from Customers Bank for 265 East 78th Street, Lenox Hill, Manhattan on October 03, 2024.

Gatsby Enterprises borrowed $22.7 million from Citibank for 163 East 92nd Street, 159 East 92nd Street, and 155 East 92nd Street, Carnegie Hill, Manhattan on September 25, 2024.

Empire Management, Gatsby Enterprises and Keystone Management borrowed $15 million from Derby Copeland Capital for 244 West 72nd Street, Lincoln Square, Manhattan on August 05, 2024.

Gatsby Enterprises borrowed $14.3 million from Flagstar Bank for 234 West 13th Street, West Village, Manhattan on August 05, 2024.

Latest Stories:

• City Urban Realty pays $40M to Ohebshaloms for 88-unit rental in Lincoln Square (March 07, 2025)

• Gatsby Enterprises hit with 3 LES hotel pre-foreclosures totaling $34M alleging maturity defaults (February 13, 2025)

• Avdoo & Partners pays $52M to Gatsby Enterprises for dev site in Lenox Hill (February 11, 2025)

• Gatsby Enterprises signs $12.5M refi with Amalgamated for 35-unit walkup in SoHo (December 13, 2024)

• Gatsby Enterprises signs $14.3M refi for 37-unit rental in West Village (August 06, 2024)

• Empire, Gatsby, Keystone sign $15M refi with Derby Copeland for 88-unit rental in Lincoln Square (August 06, 2024)

• Fannie Mae files $13.5M pre-foreclosure at 88-unit Ohebshalom building in Lincoln Square (May 31, 2024)

• Gatsby Enterprises signs $22.2M refi for three walkups in Carnegie Hill (January 19, 2024)

• Japan-based firm pays $16M for walkup in Hell’s Kitchen, Sanyo Chemical owns next door (January 09, 2024)

• Two tenants, DHCR block Lenox Hill demos for 3-plus years, holding up 134-unit project (August 31, 2023)

Court Records:

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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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