Marcal Group

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Marcal Group NYC portfolio

$212.7 million* – office 56.0%, retail 26.0%; Bronx 51.0%, Brooklyn 32.0%

727th largest portfolio by dollar value

318,842 sqft – office 84%, retail 10%;

876th largest by SF

12 properties – Queens 41%, Brooklyn 33%

714th largest

61 residential units – Queens 98%, Brooklyn 1%

1973th largest by residential units

1 foreclosure, 0 bankruptcies, 4 other court cases.

Company Activity past 24 months:

Seller company: 3 for $19.2 million

Top Ten Associated Companies:

Menachem Chazanow (2), Valley National Bank (2), Israel Discount Bank (1), Marcal Group (1), Samuel Weiss (1), CIT Bank (1), David Ekstein (1), Anil Kumar Saxena (1), MedProperties Realty Advisors (1), Physicians Realty Trust (1)

Top Ten Associated People:

Menachem Chazanow (2), Marc G. Cooper (1), Mark Caller (1), Anil Kumar Saxena (1), Lynn A. Brown (1), Pinches Abowitz (1)

Recent activity as company:

Marcal Group sold 157 Beach 115th Street, Rockaway Park, Queens for $14.4 million to Menachem Chazanow on April 04, 2024.

Marcal Group sold 157 Beach 115th Street, Rockaway Park, Queens for $0 to Menachem Chazanow on February 12, 2024.

Marcal Group sold 11-19 Foam Place, Far Rockaway, Queens for $4.8 million to Pinches Abowitz on January 31, 2024.

Marcal Group and Rester Management sold 3250 Westchester Avenue, 3651 Bruckner Blvd, and 3681 Bruckner Blvd, Pelham Bay, Bronx for $57 million to Marcal Group on March 13, 2023.

Anil Kumar Saxena sold 1700 Flatbush Avenue and 1698 Flatbush Avenue, Flatlands, Brooklyn for $1.5 million to Marcal Group on December 23, 2022.

Marcal Group sold 6010 Bay Parkway, Bensonhurst, Brooklyn for $81.5 million to MedProperties Realty Advisors and Physicians Realty Trust on September 23, 2022.

Marcal Group for Abraham Caller filed plans for new building for 84,565 sqft in Rockaway Park, Queens, on April 26, 2022.

Marcal Group for Abraham Caller filed plans for new building for 66,154 sqft in Far Rockaway, Queens, on February 16, 2022.

Marcal Group for Abraham Caller filed plans for new building for 180,091 sqft in Pelham Bay, Bronx, on December 14, 2021.

Marcal Group borrowed $8.4 million from Israel Discount Bank for 159-163 Beach 115th Street, 157 Beach 115th Street, 148 Beach 116th Street, and 150-152 Beach 116th Street, Rockaway Park, Queens on October 08, 2021.

Latest Stories:

• Healthpeak Properties acquires $51.3M stake in Bensonhurst medical, part of $21B merger (April 10, 2024)

• Menachem Chazanow buys $14.4M dev site from Marcal Group in Rockaway Park (April 05, 2024)

• Menachem Chazanow signs contract to buy dev site from Marcal Group in Rockaway Park (February 13, 2024)

• Pinches Abowitz signs $12.6M construction loan for development in Far Rockaway (February 05, 2024)

• Pinches Abowitz pays $4.8M to Marcal Group for 66-unit dev site in Far Rockaway (February 01, 2024)

• $28.75M pre-foreclosure filed against Pelham Bay new development (October 02, 2023)

• Leser Group pays $8.5M for development properties on Staten Island (April 11, 2023)

• MedProperties, Physicians Realty Trust pay $81.5M to Marcal Group for medical center in Bensonhurst (September 26, 2022)

• Marcal Group obtains $10.1M building loan from Valley National Bank for project in Rockaway Park (July 29, 2020)

• David Ekstein pays $14M to Mark Caller’s Marcal Group for multifamily property in Arverne (March 16, 2020)

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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