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.
Latest Stories:
• AbeCo pays $2.1M to Margate Atlantic for mixed-use in Bedford Stuyvesant (October 31, 2024)
• Abraham Silberstein pays $2M to Margate Atlantic for 4 units in Crown Heights (September 05, 2024)
Properties: