Margate Atlantic Properties

Margate Atlantic Properties portfolio

$9.4 million* – office 62%, condo 30%; Brooklyn 69%, Queens 30%

2746th largest portfolio by dollar value

45,742 sqft – office 56%, condo 38%;

2987th largest by SF

4 properties – Brooklyn 75%, Queens 25%

1960th largest

Company Activity past 24 months:

Seller company: 3 for $7.6 million

Top Ten Associated Companies:

Signature Bank (2), Abraham Silberstein (1), Ahmed M. Kaid (1), AbeCo Organization (1)

Top Ten Associated People:

Sheldon Chan (1), Abraham Silberstein (1), Ahmed M. Kaid (1), Abraham Betesh (1)

Recent activity as company:

Margate Atlantic Properties sold 822 Broadway, Bedford Stuyvesant, Brooklyn for $2.1 million to AbeCo Organization on October 30, 2024.

Margate Atlantic Properties sold 594 Franklin Avenue, Crown Heights, Brooklyn for $2 million to Abraham Silberstein on September 04, 2024.

Margate Atlantic Properties sold 576 Washington Avenue, Clinton Hill, Brooklyn for $3.5 million to company on July 30, 2024.

Margate Atlantic Properties sold 329 Nostrand Avenue, Bedford-Stuyvesant, Brooklyn for $2.1 million to Ahmed M. Kaid on August 30, 2021.

Margate Atlantic Properties borrowed $7.6 million from Signature Bank for 73-25 Woodhaven Boulevard, Glendale, Queens on March 12, 2020.

Margate Atlantic Properties borrowed $6.2 million from Signature Bank for 315 Wyckoff Avenue, 313 Wyckoff Avenue, Linden Street, Bushwick, Brooklyn on March 12, 2020.

Properties:

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*The Portfolio Value is the city’s Market Value, which is typically 50% or less of actual market value.

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