Michaels Organization

Michaels Organization NYC portfolio

$110.6 million* – M1 95%, D6 3%; Brooklyn 100%, Manhattan 0%

1101th largest portfolio by dollar value

29,451 sqft – M1 56%, D6 34%;

3642th largest by SF

5 properties – Brooklyn 100%, Manhattan 0%

1525th largest

3 residential units – Brooklyn 100%, Manhattan 0%

5905th largest by residential units

Top Ten Associated Companies:

Avery Hall Investments (1), Roman Catholic Church of St. Boniface (1), Helaba (1)

Top Ten Associated People:

Brian Ezra (1), Rev. Mark Lane (1)

Recent activity as company:

Michaels Organization borrowed $79 million from Helaba for 190 Duffield Street, 115 Willoughby Street, 111 Willoughby Street, 109 Willoughby Street, and 107 Willoughby Street, Downtown Brooklyn, Brooklyn on March 24, 2022.

Roman Catholic Church of St. Boniface sold 190 Duffield Street, 111 Willoughby Street, 109 Willoughby Street, and 107 Willoughby Street, Downtown Brooklyn, Brooklyn for $9.8 million to Michaels Organization on March 24, 2022.

Avery Hall Investments sold 115 Willoughby Street, Downtown Brooklyn, Brooklyn for $1.5 million to Michaels Organization and Roman Catholic Church of St. Boniface on March 02, 2022.

Michaels Organization for Kristina Vagen filed plans for new building for 176,121 sqft in Downtown Brooklyn, Brooklyn, on June 25, 2020.

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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