MP Management

(M.P. Management)

Lender

1274 49th Street, Suite 175 Brooklyn, NY 11219

MP Management NYC portfolio

$329 million -elevator 52%, walkup 33%, retail 6%; Brooklyn 49%, Bronx 26%, Manhattan 23%*

661th largest portfolio by dollar value

2,488,439 sqft – elevator 61%, walkup 35%, retail 1%; Brooklyn 39%, Bronx 31%, Manhattan 28%

188th largest by SF

61 properties – Brooklyn 40%, Manhattan 31%, Bronx 27%

142th largest

2,605 residential units – Brooklyn 36%, Manhattan 33%, Bronx 29%

121th largest by residential units

2 foreclosures, 0 bankruptcies, 0 other court cases.

Company Activity past 24 months:

Borrower company: 2 for $0

Lender company: 1 for $0

Top Ten Associated Companies:

Flushing Bank (2), Kassin Sabbagh Realty (1), BPMP Capital Funding (1), MP Management (1), Signature Bank (1)

Top Ten Associated People:

Elizabeth Arato (1)

Recent activity as company:

MP Management on November 12, 2024 bought a loan with an original principal of $4.5 million from JPMorgan Chase, signed by Melissa Bergeson, secured by 215 East 17 Street, when owned by MP Management.

Kassin Sabbagh Realty on August 14, 2024 bought a loan with an original principal of $9.3 million from ConnectOne Bank, signed by Neil Minardi, secured by 255 Linden Street, when owned by M.P. Management.

Charles Campos borrowed $8.5 million from Greystone & Co. for 513 East 6 Street on April 12, 2024.

Moses Scharf borrowed $6.8 million from MP Management for 924 Avenue N on February 01, 2024.

Charles Campos borrowed $6.8 million from MP Management for 513 East 6 Street on October 30, 2023.

MP Management for Moshe Piller filed plans for major alteration for 127,046 sqft in Flatbush, Brooklyn, on October 26, 2023.

• BPMP Capital Funding on October 16, 2023 bought a loan with an original principal of $3.1 million from First Republic Bank, signed by Gloria Wagner, secured by 615 West 189 Street, when owned by MP Management.

MP Management borrowed $11.9 million from Signature Bank for 161 Linden Boulevard on August 12, 2021.

• M.P. Management on June 02, 2020 bought a loan with an original principal of $4.5 million from Signature Bank, secured by 921 73 Street, when owned by Dimitri Vlahakis.

• M.P. Management on June 02, 2020 bought a loan with an original principal of $2.5 million from Signature Bank, secured by 7911 18 Avenue, when owned by Dimitri Vlahakis.

Latest Stories:

• $9.3M note sold secured by two former Emerald Equity rentals in Bushwick (August 27, 2024)

• Courts roundup: two pre-foreclosures totaling $13.5M (March 06, 2024)

• Maguire Capital buys $10.5M in notes secured by Brooklyn assets (March 15, 2023)

• Dimitri Vlahakis borrows $8.8M from Hirshmark Capital for property in Dyker Heights (November 17, 2020)

• Moshe Piller buys $7M of debt from Signature Bank on two Brooklyn rentals (July 17, 2020)

• Moshe Piller’s MP Management borrows $16M from Flushing Bank for commercial property in Kensington (November 15, 2019)

• Moshe Piller’s MP Management borrows $19M from Flushing Bank for store property in Kensington (November 14, 2019)

• Moshe Piller pays $8M to Taube Management for property in Flatbush (September 20, 2019)

• Moshe Piller obtained financing of $12M from Signature Bank (July 27, 2019)

Court Records:

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Properties:

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