GP Properties

GP Properties NYC portfolio

$118.2 million* – walkup 65%, elevator 34%; Manhattan 85%, Brooklyn 14%

1121th largest portfolio by dollar value

210,794 sqft – walkup 64%, elevator 35%;

1208th largest by SF

15 properties – Manhattan 86%, Brooklyn 13%

509th largest

292 residential units – Manhattan 88%, Brooklyn 11%

699th largest by residential units

Company Activity past 24 months:

Borrower company: 1 for $17.7 million

Top Ten Associated Companies:

Melohn Properties (1), Bridge Investment Group (1), New York Community Bank (1), First Horizon Bank (1), KeyBank (1)

Top Ten Associated People:

Barry Goldberg (1), Kelly Blodgett (1)

Recent activity as company:

GP Properties borrowed $17.7 million from KeyBank for 27 Broadway Terrace, 1 Broadway Terrace, 14 Broadway Terrace, 16 Broadway Terrace, 20 Broadway Terrace, and others, Washington Heights, Manhattan on June 01, 2023.

GP Properties borrowed $18 million from First Horizon Bank for 105 West 55th Street, Midtown West, Manhattan on March 10, 2022.

Melohn Properties sold 105 West 55th Street, Midtown West, Manhattan for $32 million to GP Properties on March 10, 2022.

GP Properties borrowed $9.8 million from New York Community Bank for 102 Convent Avenue, Harlem, Manhattan on September 14, 2021.

GP Properties borrowed $8.5 million from Bridge Investment Group for 102 Convent Avenue, West Harlem, Manhattan on August 28, 2019.

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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