Jackson Group
Owner
Family Office
45 Broadway, Suite 1850. New York, NY 10006
People:
Jackson Group portfolio
$203.6 million* – condo 67.0%, elevator 10.0%; Brooklyn 55.0%, Manhattan 37.0%
295th largest portfolio by dollar value
875,708 sqft – condo 72%, mixed-use 11%;
378th largest by SF
16 properties – Manhattan 50%, Brooklyn 37%
548th largest
33 residential units – Manhattan 100%, Bronx 0%
2635th largest by residential units
0 foreclosures, 0 bankruptcies, 1 other court case.
Company Activity past 24 months:
Buyer company: 8 for $147.7 million
Seller company: 5 for $33.5 million
Borrower company: 1 for $35 million
Top Ten Associated Companies:
Signature Bank (3), Churchill Real Estate Holdings (2), Magen Abraham Yeshiva (1), CAVU Property Group (1), Howard Pronsky (1), Sesar Maleh (1), Safra National Bank (1), Jenel Management (1), Parkland Group (1), Sprayregen Real Estate Advisors (1)
Top Ten Associated People:
Sorabh Maheshwari (2), Michael Cayre (1), Steve Hurwitz (1), Sesar Maleh (1), Kim Carson (1), Stephan Mazzacca (1), Michael Vitsentzos (1), Mital Patel (1), David Dushey (1), Steven Brauser (1)
Recent activity as company:
• Jackson Group and Victor Tawil borrowed $35 million from Capital One for 200 West 41st Street, 200 West 41st Street, and 200 West 41st Street, Garment District, Manhattan on December 30, 2024.
• American Strategic Investment sold 200 West 41st Street, 200 West 41st Street, and 200 West 41st Street, Garment District, Manhattan for $63.5 million to Jackson Group and Victor Tawil on December 30, 2024.
• Macy’s Inc. sold 422 Fulton Street, Downtown Brooklyn, Brooklyn for $23 million to United American Land, Crown Acquisitions and Jackson Group on December 19, 2024.
• Churchill Real Estate Holdings sold 809 Madison Avenue, Lenox Hill, Manhattan for $9 million to Jackson Group on November 14, 2024.
• Jackson Group and ACHS Management sold 2147 86th Street, Bensonhurst, Brooklyn for $5.4 million to Amerasia Bank on September 11, 2024.
• Company sold 597 Broadway and 597 Broadway, SoHo, Manhattan for $6.5 million to Jackson Group on August 28, 2024.
• Churchill Real Estate Holdings sold 30 East 68th Street, Lenox Hill, Manhattan for $7.3 million to Jackson Group on July 26, 2024.
• Jackson Group sold 1411 Avenue U, Sheepshead Bay, Brooklyn for $7.7 million to Xiao Jun Chen on May 23, 2024.
• Jackson Group sold 133 Smith Street, Boerum Hill, Brooklyn for $3.1 million to Mei Dan Wang and Sheng Wang on April 11, 2024.
• Jackson Group for Xiao Jun Chen filed plans for new building for 52,817 sqft in Sheepshead Bay, Brooklyn, on March 12, 2024.
Latest Stories:
• Jackson Group, Tawil pay $63.5M for 9 Times Square in Garment District (December 31, 2024)
• UAL, Crown, Jackson Group pay $23M to Macy’s for retail in Downtown Brooklyn (December 20, 2024)
• Jackson Group pays $6.5M for two retail condos in SoHo (August 29, 2024)
• Jackson Group acquires Lenox Hill retail through ground lease with Churchill (July 29, 2024)
• CAVU Property Group signs $41.1M construction loan for development in Flatlands (June 26, 2024)
• Xiao Jun Chen pays $7.7M to Jackson Group for retail in Sheepshead Bay (May 24, 2024)
• Sheng Wang pays $3.1M to Jackson Group for mixed-use in Boerum Hill (April 12, 2024)
• Jackson Group pays $14.5M for Madison Avenue mixed-use in Lenox Hill (January 30, 2024)
Court Records:
Properties: