L3 Capital
People:
L3 Capital NYC portfolio
$105.9 million -mixed-use 54%, retail 18%, S2 9%; Brooklyn 99%*
1439th largest portfolio by dollar value
88,585 sqft – mixed-use 45%, K2 22%, office 12%; Brooklyn 100%
2556th largest by SF
21 properties – Brooklyn 100%
485th largest
22 residential units – Brooklyn 100%
3626th largest by residential units
Company Activity past 24 months:
Seller company: 14 for $422.1 million
Borrower company: 2 for $53.5 million
Top Ten Associated Companies:
L3 Capital (12), Empire State Realty Trust (6), Wintrust Bank (4), Metropolitan Commercial Bank (2), Blackstone Group (2), ShopCore Properties (2), Brookbridge Developers (1), Bank Of New England (1), Hanmi Bank (1), Joyland Group (1)
Top Ten Associated People:
Thomas P. Durels (6), Brian Callahan (4), Adam Leslie (2), Ross Dahmen (1), Vivek Baid (1), Joel Wertz (1), Shai Iluz (1), James Ryan (1), Rosemary Hayden (1)
Recent activity as company:
• L3 Capital borrowed $23.5 million from Wintrust Bank for 108 North 6 Street on July 14, 2025.
• L3 Capital sold 206 Bedford Avenue for $8.5 million to Shai Iluz on May 28, 2025.
• L3 Capital sold 125 Kent Avenue for $45.3 million to Joyland Group, Tissa Management and Joel Wertzberger on November 27, 2024.
• ASB Capital Management and L3 Capital sold 61 Crosby Street for $54.5 million to Blackstone Group and ShopCore Properties on November 19, 2024.
• ASB Capital Management and L3 Capital sold 76 Greene Street for $90 million to Blackstone Group and ShopCore Properties on November 19, 2024.
• L3 Capital sold 130 Berry Street for $35 million to Empire State Realty Trust on October 31, 2024.
• L3 Capital sold 94 North 6 Street for $17 million to Empire State Realty Trust on October 30, 2024.
• L3 Capital sold 149 Berry Street for $18.1 million to Empire State Realty Trust on September 25, 2024.
• L3 Capital sold 85 North 6 Street for $68 million to Empire State Realty Trust on September 25, 2024.
• L3 Capital sold 136 North 6 Street for $28.3 million to Empire State Realty Trust on September 25, 2024.
Latest Stories:
• Vertex Properties pays $53M to Blackstone Group for office in SoHo (January 14, 2026)
• Shai Iluz pays $8.5M to L3 Capital for dev site in Williamsburg (June 12, 2025)
• Joyland pays $45.3M to L3 Capital for Williamsburg dev site (December 05, 2024)
• Blackstone pays $197M to ASB Capital for four SoHo retail locations (November 26, 2024)
• Empire State Realty Trust pays $35M to L3 Capital for retail in Williamsburg (November 18, 2024)
• Empire State Realty Trust pays $17M to L3 Capital for retail in Williamsburg (November 15, 2024)
• ESRT pays $28.6M to L3 Capital in third related Williamsburg purchase (October 03, 2024)
• Empire State Realty Trust pays $28.3M to L3 Capital for retail in Williamsburg (October 02, 2024)
• Street fashion brand Carhartt WIP pays $10.5M for retail in Williamsburg (September 04, 2024)
Properties: