MSquared
(GSD Urban Solutions)
40 Fulton Street, Suite 1404 New York, NY 10038
People:
MSquared NYC portfolio
$326.5 million -condo 98%, elevator 1%; Manhattan 98%, Brooklyn 1%*
664th largest portfolio by dollar value
1,536,658 sqft – condo 93%, elevator 6%; Manhattan 93%, Brooklyn 6%
320th largest by SF
2 properties – Manhattan 50%, Brooklyn 50%
3565th largest
1,310 residential units – Manhattan 91%, Brooklyn 8%
258th largest by residential units
Company Activity past 24 months:
Buyer company: 2 for $326.5 million
Borrower company: 1 for $225 million
Top Ten Associated Companies:
Citibank (1)
Top Ten Associated People:
James Bendernagel (1)
Recent activity as company:
• Urban American Management sold 390 Hawthorne Street for $4.8 million to MSquared on March 31, 2025.
• MSquared and Urban American Management borrowed $225 million from Citibank for 3333 Broadway on December 27, 2024.
• Brookfield Properties and Urban American Management ground leased 3333 Broadway valued at $321.8 million to MSquared and Urban American Management on December 27, 2024.
Latest Stories:
• MSquared pays $4.8M to Urban American for 117-unit rental in East Flatbush (April 10, 2025)
• MSquared, partners buy out Brookfield for $321.8M at 1,193-unit Harlem rental (January 08, 2025)
• Urban American, Brookfield sign $232.1M refi for 1,193-unit rental in Harlem (May 14, 2024)
Properties:
