Island Capital Group
(C-III Capital Partners, Island Capital)
717 Fifth Avenue New York, NY 10022
People:
Island Capital Group NYC portfolio
$898.6 million -hotel 58%, elevator 38%, walkup 2%; Manhattan 100%*
261th largest portfolio by dollar value
2,135,187 sqft – hotel 69%, elevator 29%; Manhattan 100%
231th largest by SF
14 properties – Manhattan 100%
722th largest
741 residential units – Manhattan 100%
438th largest by residential units
0 foreclosures, 0 bankruptcies, 1 other court case.
Notes
Website: C-III Capital Partners is a controlled affiliate of Island Capital Group LLC, a leading international merchant bank.
Company Activity past 24 months:
Buyer company: 1 for $51.8 million
Seller company: 3 for $21 million
Borrower company: 4 for $482.2 million
Top Ten Associated Companies:
Fortress Investment Group (2), Hudson Bay Capital Management (1), HPS Investment Partners (1), Host Hotels & Resorts (1), Elisheva Realty (1), Bridge Investment Group (1), Mehran Dayanzadeh (1), Penn South Capital (1), Emigrant Bank (1)
Top Ten Associated People:
Alexander R. Berger (1), David N. Brooks (1), Sean Sedaghatpour (1), Jeehae Lee (1), Mehran Dayanzadeh (1), Parag Sawhney (1), Eric Roseman (1)
Recent activity as company:
• Kushner Companies and C-III Capital Partners sold 504 East 88 Street for $4.6 million to Elisheva Realty on June 26, 2025.
• MCR and Island Capital Group borrowed $15 million from Fortress Investment Group for 819 7 Avenue on May 19, 2025.
• Kushner Companies and C-III Capital Partners sold 354 State Street for $11 million to Penn South Capital on May 13, 2025.
• Kushner Companies and C-III Capital Partners sold 233 East 82 Street for $5.4 million to Mehran Dayanzadeh on April 22, 2025.
• Atlas Capital Group, Fairstead, Blackstone Group and Island Capital borrowed $272.7 million from Bridge Investment Group for 262 West 19 Street on September 06, 2024.
• Island Capital Group borrowed $39.5 million from Emigrant Bank for 41 West 21 Street on June 04, 2024.
• Canoe Brook Development and McKettrick-Williams, Inc. ground leased 41 West 21 Street valued at $51.8 million to Island Capital Group on June 04, 2024.
• Island Capital Group borrowed $155 million from Hudson Bay Capital Management for 142 East 48 Street on April 29, 2024.
• MCR and Island Capital Group borrowed $260 million from Fortress Investment Group for 819 7 Avenue on November 13, 2023.
• MCR Development and Island Capital Group borrowed $250 million from Host Hotels & Resorts for 819 7 Avenue on April 19, 2022.
Latest Stories:
• Penn South Capital pays $11M to Kushner, C-III, for two walkups in Boerum Hill (May 21, 2025)
• Mehran Dayanzadeh pays $5.4M to Kushner, C-III for 20-unit walkup in Yorkville (April 29, 2025)
• Island Capital Group pays $51.8M for 116-unit rental in Flatiron District (June 14, 2024)
• MCR, Island Capital pay $323.3M to Host Hotels for Times Square Sheraton (May 04, 2022)
Court Records:
Properties: