LeFrak

(LeFrak Organization)

40 West 57th St, New York, NY 10019

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LeFrak NYC portfolio

$2.3 billion* – elevator 82.0%, office 11.0%; Manhattan 63.0%, Queens 30.0%

73th largest portfolio by dollar value

11,044,005 sqft – elevator 89%, office 9%;

22th largest by SF

63 properties – Queens 68%, Brooklyn 17%

148th largest

9,827 residential units – Queens 65%, Manhattan 26%

11th largest by residential units

0 foreclosures, 0 bankruptcies, 3 other court cases.

Company Activity past 24 months:

Seller company: 4 for $71.5 million

Borrower company: 7 for $123.9 million

Top Ten Associated Companies:

A&E Real Estate Holdings (13), TD Bank (11), Iris Holdings Group (4), Wells Fargo (3), Metropolitan Commercial Bank (2), Citibank (1), U.S. Bank (1), M&T Realty Capital Corporation (1), PGIM Real Estate (1), Equitable Financial Life Insurance Company (1)

Top Ten Associated People:

Alex T. Bruce (13), Paul A. Kesicki (4), Marc Blumenfrucht (4), Craig Zajac (1), Ross Dahmen (1), Dennis Graham (1), Justin Levitt (1), J. David Morris (1)

Recent activity as company:

• LeFrak borrowed $5.4 million from Metropolitan Commercial Bank for 96-02 57th Avenue, Corona, Queens on March 03, 2025.

• LeFrak borrowed $23 million from Equitable Financial Life Insurance Company for 417 East 57th Street, Sutton Place, Manhattan on August 23, 2024.

• LeFrak borrowed $75.5 million from PGIM Real Estate for 180 Broadway, Financial District, Manhattan on July 22, 2024.

• LeFrak sold 44-15 Colden Street, Flushing, Queens for $19.5 million to Iris Holdings Group on July 03, 2024.

• LeFrak sold 45-15 Colden Street, Flushing, Queens for $20.9 million to Iris Holdings Group on July 03, 2024.

• LeFrak sold 44-35 Colden Street, Flushing, Queens for $10 million to Iris Holdings Group on July 03, 2024.

• LeFrak sold 137-20 45th Avenue, Flushing, Queens for $21.1 million to Iris Holdings Group on July 03, 2024.

• LeFrak borrowed $5 million from TD Bank for 98-25 Horace Harding Expwy, Corona, Queens on September 26, 2023.

• LeFrak borrowed $5 million from TD Bank for 98-23 Horace Harding Expre, Corona, Queens on September 26, 2023.

• LeFrak borrowed $5 million from TD Bank for 98-17 Hor Harding Ep Sr N, Corona, Queens on September 26, 2023.

Latest Stories:

• LeFrak signs $23M refi with Equitable for apartment building in Sutton Place (August 26, 2024)

• LeFrak signs $75.5M refi loan with PGIM for retail in FiDi (July 23, 2024)

• Marc Blumenfrucht’s Iris Holdings pays LeFrak $71.5M for 4 Flushing rentals it built in 1960s (July 05, 2024)

• LeFrak signs $20M refi with TD Bank for four buildings in LeFrak City (September 27, 2023)

• Shorewood ups Jackson Heights resi with grocery project to 164 units (November 28, 2022)

• A&E pays $97.7M to LeFrak for 6 properties with 444 units in Gravesend, Sheepshead Bay, part of $250M portfolio (November 21, 2022)

• A&E pays $54.5M to LeFrak for 4 rentals in Gravesend, Sheepshead Bay, part of $250M portfolio (November 18, 2022)

• A&E closes on $81.6M of expected $250M Brooklyn portfolio purchase from LeFrak (November 17, 2022)

• LeFrak signs $19M refi with Metropolitan Commercial for two elevator buildings in Corona (February 03, 2022)

• LeFrak signs $22.5M refi loan with M&T Bank for rental in Sutton Place (October 18, 2021)

Court Records:

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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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