MAG Partners

244 5th Ave #2912 New York, NY 10001

People:

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MAG Partners NYC portfolio

$537.1 million -elevator 36%, D6 30%, walkup 23%; Manhattan 100%*

417th largest portfolio by dollar value

619,234 sqft – elevator 69%, D6 25%, walkup 2%; Manhattan 100%

732th largest by SF

10 properties – Manhattan 100%

1004th largest

870 residential units – Manhattan 100%

378th largest by residential units

Company Activity past 24 months:

Buyer company: 1 for $0

Borrower company: 2 for $274 million

Top Ten Associated People:

Mark Bahiri (1), Andrew White (1), Alex Cabria (1), Elliot Greenberg (1)

Recent activity as company:

• Trinity Church ground leased 114 Varick Street, Hudson Square, Manhattan valued at $0 to Global Holdings Management Group and MAG Partners on April 30, 2026.

• MAG Partners borrowed $125 million from Goldman Sachs for 341 8 Avenue on April 17, 2026.

• MAG Partners borrowed $149 million from Sumitomo Mitsui Banking Corporation for 247 West 28 Street on March 13, 2026.

• MAG Partners borrowed $73.8 million from Bank OZK for 341 8 Avenue on December 22, 2023.

• MAG Partners borrowed $95 million from Bank OZK for 932 2 Avenue on November 21, 2023.

• MAG Partners borrowed $145 million from Elliott Investment Management for 247 West 28 Street on June 20, 2023.

• Mutual Redevelopment Houses ground leased 341 8 Avenue valued at $63.8 million to MAG Partners on December 22, 2022.

• Krown Point Capital and MAG Partners borrowed $9 million from Emerald Creek Capital for None on November 30, 2022.

• Tree of Life Fellowship sold None 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 932 2 Avenue on January 18, 2022.

Latest Stories:

• MAG Partners signs $149M refi loan with Sumitomo Mitsui Banking for 480-unit rental in Chelsea (March 23, 2026)

• ABJ Properties pays $8.2M to Gould Investors for two walkups in Turtle Bay (January 28, 2025)

• MAG Partners signs $73.8M construction loan for 128-unit development in Chelsea (January 05, 2024)

• MAG Partners signs $95M construction loan with Bank OZK for 114-unit project in Turtle Bay (December 05, 2023)

• MAG Partners signs $145M construction loan refi with hedge fund for 480-unit project in Chelsea (July 03, 2023)

• MAG Partners signs $63.8M ground lease to develop 128 units on Penn South parcel in Chelsea (January 09, 2023)

• Krown Point, MAG Partners, pay $5.2M to expand 114-unit Turtle Bay dev footprint (February 07, 2022)

• MAG Partners, Krown Point sign $33M loan with Emerald Creek Capital for 114-unit project in Turtle Bay (February 01, 2022)

• MAG Partners signs $137.5M construction loan with Madison Realty Capital for 480-unit project in Chelsea (January 27, 2022)

• Krown Point pays $9M to Greystone for mixed-use building in Midtown (November 09, 2021)

Properties:

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