Margate Atlantic Properties

(Betesh Group)

250 Passaic Street, Newark, NJ 07104

Margate Atlantic Properties NYC portfolio

$18.8 million -condo 53%, office 39%, mixed-use 5%; Queens 53%, Brooklyn 46%*

3639th largest portfolio by dollar value

45,742 sqft – office 56%, condo 38%, mixed-use 4%; Brooklyn 61%, Queens 38%

3595th largest by SF

4 properties – Brooklyn 75%, Queens 25%

2463th largest

Company Activity past 24 months:

Seller company: 5 for $12.8 million

Top Ten Associated Companies:

Signature Bank (2), Blacktee Capital Partners (1), Oren Neria (1), Ahmed M. Kaid (1), Abraham Silberstein (1), AbeCo Organization (1)

Top Ten Associated People:

Sheldon Chan (1), Andres Eduardo Azpurua Ramirez (1), Jacob Louis Meskin (1), Oren Neria (1), Ahmed M. Kaid (1), Abraham Silberstein (1), Abraham Betesh (1)

Recent activity as company:

• Margate Atlantic Properties sold 1 Powers Street, Williamsburg, Brooklyn for $3.7 million to Blacktee Capital Partners on January 22, 2026.

• Margate Atlantic Properties sold 589 Flatbush Avenue for $1.5 million to Oren Neria on April 23, 2025.

• Margate Atlantic Properties sold 822 Broadway for $2.1 million to AbeCo Organization on October 15, 2024.

• Margate Atlantic Properties sold 594 Franklin Avenue for $2 million to Abraham Silberstein on August 22, 2024.

• Margate Atlantic Properties sold 576 Washington Avenue for $3.5 million to The buyer on July 16, 2024.

• Margate Atlantic Properties sold 329 Nostrand Avenue for $2.1 million to Ahmed M. Kaid on June 29, 2021.

• Margate Atlantic Properties borrowed $6.2 million from Signature Bank for 1589 Gates Avenue on March 04, 2020.

• Margate Atlantic Properties borrowed $7.6 million from Signature Bank for 73-25 Woodhaven Boulevard, Glendale, Queens on March 04, 2020.

Properties:

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