Motcomb Estates

Motcomb Estates portfolio

$56.4 million* – condo 100%; Manhattan 100%, Bronx 0%

881th largest portfolio by dollar value

25,892 sqft – condo 100%;

3811th largest by SF

1 foreclosure, 0 bankruptcies, 0 other court cases.

Top Ten Associated Companies:

Dream Hotel Group (3), Imperial Companies (1), SL Green Realty (1), Kaufman Organization (1)

Top Ten Associated People:

Sant Singh Chatwal (2), Michael Fascitelli (1), Andrew S. Levine (1), Edward J. Hart (1)

Recent activity as company:

Kaufman Organization sold 20 East 76th Street, the Upper East Side, Manhattan for $150.2 million to Motcomb Estates on December 08, 2020.

SL Green Realty sold 609 5th Avenue, Plaza District, Manhattan for $165 million to Motcomb Estates on June 02, 2020.

Dream Hotel Group borrowed $60 million from Motcomb Estates for 856 7th Avenue, 204 West 55th Street, 1724 Broadway, Midtown West, Manhattan on March 20, 2020.

Imperial Companies borrowed $65 million from Motcomb Estates for the Apthorp at 390 West End Avenue, the Upper West Side, Manhattan on March 18, 2020.

Dream Hotel Group borrowed $48 million from Motcomb Estates for 224 West 49th Street, Times Square, Manhattan on February 13, 2020.

Dream Hotel Group borrowed $62.5 million from Motcomb Estates for 130 West 44th Street, Times Square, Manhattan on January 14, 2020.

Latest Stories:

• Reuben Brothers files $62.5M pre-foreclosure at Midtown West hotel, owner battling fraud allegations (May 08, 2023)

• Reuben Brothers files to convert upper rooms in Surrey Hotel to 14 residential units (October 24, 2022)

• Reuben brothers pay $150M to Kaufman Organization for Surrey hotel (December 09, 2020)

• SL Green sells retail at 609 Fifth Avenue for $168M to Reuben Brothers (June 03, 2020)

• Dream Hotel Group borrows $60M from Motcomb Estates, third loan together since December (March 23, 2020)

• Michael Fascitelli’s Imperial Companies borrows $65M from Reuben Brothers for units in Apthorp in UWS (March 19, 2020)

• Dream Hotel Group borrows $48M from Motcomb Estates for hotel in Times Square (February 14, 2020)

• $63M lent by Motcomb Estates for hotel in Times Square (January 15, 2020)

Court Records:

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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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