Horizon Group

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Horizon Group portfolio

$23 million* – hotel 29.0%, elevator 17.0%; Brooklyn 60.0%, Manhattan 39.0%

1599th largest portfolio by dollar value

197,242 sqft – elevator 41.0%, condo 23.0%;

1224th largest by SF

13 properties – Brooklyn 84%, Manhattan 15%

687th largest

184 residential units – Brooklyn 100.0%, Manhattan 0.0%

953th largest by residential units

Company Activity past 24 months:

Buyer company: 1 for $6.5 million

Borrower company: 1 for $17 million

Top Ten Associated People:

Roger Rofe (2), Don Lewis (2), Thomas Sweeney (1), Oren Sapirstein (1), Yaroslav Portuhay (1), Oren Saperstein (1), Ross Dahmen (1), Vivek Baid (1), Ronald Tien (1), David Weinraub (1)

Recent activity as company:

Ronald Tien sold 324 Broome Street, Lower East Side, Manhattan for $6.5 million to Horizon Group on October 17, 2023.

Horizon Group borrowed $17 million from Metropolitan Commercial Bank for 80 Riverside Drive, Upper West Side, Manhattan on October 03, 2023.

Horizon Group for Brian Hamburger filed plans for new building for 46,912 sqft in Manhattan, on August 28, 2023.

Horizon Group borrowed $16.8 million from Valley National Bank for 378 Weirfield Street, Bushwick, Brooklyn on December 06, 2022.

Horizon Group borrowed $25 million from Bank Hapoalim for 378 Weirfield Street, Bushwick, Brooklyn on August 17, 2022.

Horizon Group borrowed $8 million from TD Bank for 1072 Flatbush Avenue, Flatbush, Brooklyn on May 31, 2022.

Horizon Group borrowed $36 million from Bank Leumi for 1510 Gates Avenue, Bushwick, Brooklyn on April 12, 2022.

Horizon Group borrowed $8.7 million from NewBank for 80 Riverside Drive, the Upper West Side, Manhattan on September 09, 2021.

Cosmopolitan Broadcasting Corporation sold 80 Riverside Drive, the Upper West Side, Manhattan for $12.1 million to Horizon Group on September 09, 2021.

Horizon Group borrowed $5.5 million from Alma Bank for 1070 Flatbush Avenue, Flatbush, Brooklyn on September 01, 2021.

Latest Stories:

• Horizon Group pays $6.5M for 46-unit dev site on Lower East Side (October 18, 2023)

• Horizon Group plans 46-unit building in LES (September 06, 2023)

• Horizon Group signs $25M construction loan with Bank Hapoalim for 66-unit project in Bushwick (August 18, 2022)

• Horizon Group pays $12.1M to Cosmopolitan Broadcasting for hotel in the Upper West Side (September 10, 2021)

• Horizon Group pays $7.4M to David Weinraub for retail building in Flatbush (September 02, 2021)

• Horizon Group in contract to buy Riverside Tower Hotel for undisclosed price (March 19, 2021)

• Horizon Group gets $19.8M construction loan for 70-unit project in Bushwick (March 09, 2021)

• Horizon Group pays $14.1M to Poma Realty for property in Bushwick (November 11, 2020)

• Horizon Group borrows $7.7M from Bank Hapoalim for property acquisition in Brooklyn (November 11, 2020)

• The Horizon Group files plans for 39-unit residential building in Bushwick (September 14, 2020)

Properties:

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*The Portfolio Value is the city’s Market Value, which is typically 50% or less of actual market value.

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