Midtown Equities

Midtown Equities NYC portfolio

$624.4 million* – condo 37.0%, office 26.0%; Manhattan 85.0%, Brooklyn 14.0%

269th largest portfolio by dollar value

574,156 sqft – office 31%, specialty 27%;

543th largest by SF

8 properties – Manhattan 87%, Brooklyn 12%

1001th largest

121 residential units – Brooklyn 100%, Manhattan 0%

1255th largest by residential units

4 foreclosures, 0 bankruptcies, 1 other court case.

Company Activity past 24 months:

Buyer company: 1 for $18 million

Seller company: 2 for $9.4 million

Borrower company: 6 for $451.8 million

Lender company: 2 for $17 million

Top Ten Associated Companies:

Double U Realty (2), Webster Bank (2), ACORE Capital (2), Deutsche Pfandbriefbank (2), Signature Bank (1), Zev Marmurstein (1), Landau Properties (1), Peggy Hung Chun Ma (1), Centennial Bank (1), M&T Bank (1)

Top Ten Associated People:

Michael Weitzman (2), Kenneth A. Stagnari (1), Nelson Ornelas (1), Zev Marmurstein (1), Jonathan Landau (1), Peggy Hung Chun Ma (1), David Homsher (1), Adam Brenner (1), Ann Lisser (1), Racquel A.C. Small (1)

Recent activity as company:

• Double U Realty borrowed $12 million from Midtown Equities for 135 Kent Avenue, Williamsburg, Brooklyn on February 12, 2025.

• Midtown Equities borrowed $135 million from UBS for 33 9th Avenue and 29 9th Avenue, West Village, Manhattan on February 10, 2025.

• Double U Realty borrowed $5 million from Midtown Equities for 135 Kent Avenue, Williamsburg, Brooklyn on January 09, 2025.

• Albir Allahham and Midtown Equities borrowed $11.7 million from Webster Bank for 40 Broad Street, 40 Broad Street, and 40 Broad Street, Financial District, Manhattan on July 18, 2024.

• Zev Marmurstein sold 40 Broad Street, 40 Broad Street, and 40 Broad Street, Financial District, Manhattan for $18 million to Albir Allahham and Midtown Equities on July 18, 2024.

• Wharton Properties and Midtown Equities sold 449 Myrtle Avenue, Clinton Hill, Brooklyn for $9.4 million to Peggy Hung Chun Ma on April 26, 2024.

• Midtown Equities sold 205 Montague Street, Brooklyn Heights, Brooklyn for $0 to Landau Properties on April 08, 2024.

• Midtown Equities borrowed $103 million from Citibank, JPMorgan Chase and Argentic Investment Management for 10 South Street, None, Manhattan on March 07, 2024.

• Midtown Equities and Rockwood Capital borrowed $125 million from Deutsche Pfandbriefbank for 1 Broadway, Financial District, Manhattan on November 20, 2023.

• Rockwood Capital and Midtown Equities borrowed $11.1 million from Deutsche Pfandbriefbank for 1 Broadway, Financial District, Manhattan on October 13, 2023.