Krown Point Capital

People:

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Krown Point Capital NYC portfolio

$41.5 million* – mixed-use 50%, A4 49%; Manhattan 100%

2115th largest portfolio by dollar value

16,249 sqft – mixed-use 59%, A4 40%;

4647th largest by SF

4 properties – Manhattan 100%

1874th largest

6 residential units – Manhattan 100%

4980th largest by residential units

Top Ten Associated Companies:

Emerald Creek Capital (2), Tree of Life Fellowship (1), Georgetown Partners (1)

Top Ten Associated People:

Mark Bahiri (1), Mayer Rabinowitz (1), Mark H. Lundy (1)

Recent activity as company:

Krown Point Capital and MAG Partners borrowed $9 million from Emerald Creek Capital for 306 East 50th Street, Turtle Bay, Manhattan on November 30, 2022.

Tree of Life Fellowship sold 306 East 50th Street, Turtle Bay, Manhattan for $5.2 million to Krown Point Capital and MAG Partners on January 19, 2022.

MAG Partners and Krown Point Capital borrowed $33 million from Emerald Creek Capital for 300 East 50th Street, 932 2nd Avenue, and 308 East 50th Street, Turtle Bay, Manhattan on January 18, 2022.

Georgetown Partners sold 300 East 50th Street, 928 2nd Avenue, 930 2nd Avenue, 932 2nd Avenue, and 308 East 50th Street, Turtle Bay, Manhattan for $4.5 million to MAG Partners and Krown Point Capital on January 18, 2022.

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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