JJ Operating

110 W 34th St Suite 9th Fl New York, NY 10001

112 W 34th St. #2106 New York, NY 10120

People:

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JJ Operating NYC portfolio

$247.7 million* – retail 72%, office 20%, mixed-use 6%; Manhattan 72%, Brooklyn 27%

658th largest portfolio by dollar value

380,789 sqft – office 81%, retail 10%, mixed-use 8%;

775th largest by SF

8 properties – Manhattan 62%, Brooklyn 37%

1056th largest

196 residential units – Manhattan 96%, Brooklyn 3%

940th largest by residential units

Company Activity past 24 months:

Borrower company: 3 for $231.9 million

Top Ten Associated People:

Jeffrey Horowitz (1), Grace Chiang (1), Paul Verdi (1)

Recent activity as company:

JJ Operating borrowed $185 million from Apollo Global Management for 278 8th Avenue, 278 8th Avenue, 278 8th Avenue, and 278 8th Avenue, Chelsea, Manhattan on April 11, 2025.

JJ Operating borrowed $7.9 million from Tristate Capital Bank for 542 Fulton Street, Downtown Brooklyn, Brooklyn on June 12, 2024.

JJ Operating borrowed $39 million from Starwood Mortgage Capital for 146 Concord Street, Downtown Brooklyn, Brooklyn on October 13, 2023.

JJ Operating borrowed $135 million from Pacific Western Bank for 258-278 8th Avenue, Chelsea, Manhattan on June 28, 2021.

JJ Operating for William Jemal filed plans for new building for 218,983 sqft in Chelsea, Manhattan, on July 08, 2021.

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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