Nalcorp

(Nalcorp Acquisitions, Nalcorp Investment Group)

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Nalcorp NYC portfolio

$33 million* – elevator 56%, industrial 37%; Brooklyn 75%, Bronx 24%

2397th largest portfolio by dollar value

49,353 sqft – elevator 73%, industrial 18%;

2947th largest by SF

4 properties – Brooklyn 75%, Bronx 25%

1911th largest

47 residential units – Brooklyn 100%, Manhattan 0%

2319th largest by residential units

Company Activity past 24 months:

Buyer company: 2 for $8 million

Borrower company: 1 for $14 million

Top Ten Associated Companies:

Valley National Bank (2), Helena Neuwirth (1), Stephen Stratigakis (1), Bank of Montreal (1), Transformco (1), Vibert McEwen (1), Vornado Realty Trust (1)

Top Ten Associated People:

Helena Neuwirth (1), Stephen Stratigakis (1), Michael Birajiclian (1), D. Scott Carr (1), Vibert McEwen (1), Steven Borenstein (1)

Recent activity as company:

• Stephen Stratigakis sold 344 Grand Concourse, Mott Haven, Bronx for $3.7 million to Nalcorp and Anshel Fridman on March 07, 2025.

• Helena Neuwirth sold 338 Grand Concourse, Mott Haven, Bronx for $4.3 million to Nalcorp and Anshel Fridman on March 07, 2025.

Nalcorp borrowed $14 million from Bank of Montreal for 876 Dekalb Avenue and 374 Kosciuszko Street, Bedford Stuyvesant, Brooklyn on April 04, 2024.

Clipper Equity and Nalcorp borrowed $6.7 million from Valley National Bank for 2360 Bedford Avenue and 2359 Bedford Avenue, Flatbush, Brooklyn on December 22, 2022.

Clipper Equity and Nalcorp borrowed $67.5 million from Valley National Bank for 2360 Bedford Avenue and 2359 Bedford Avenue, Flatbush, Brooklyn on May 16, 2022.

Transformco sold 2360 Bedford Avenue and 2359 Bedford Avenue, Flatbush, Brooklyn for $40.3 million to Clipper Equity and Nalcorp on May 16, 2022.

Vornado Realty Trust sold 2360 Bedford Avenue and 2359 Bedford Avenue, Flatbush, Brooklyn for $50.6 million to Clipper Equity and Nalcorp on May 16, 2022.

Vibert McEwen sold 880 Rogers Avenue and 2601 Snyder Avenue, East Flatbush, Brooklyn for $4.5 million to Nalcorp on January 20, 2022.

Latest Stories:

• Anshel Fridman of Nalcorp pays $8M for dev site in Mott Haven (March 10, 2025)

• Clipper Equity signs $95M construction loan with Bank Hapoalim for 130-unit project in Flatbush (April 18, 2024)

• Nalcorp signs $14M refi loan with Bank of Montreal for two properties in Bedford Stuyvesant (April 05, 2024)

• Anshel Fridman signs $18.6M construction loan for 62-unit project in Flatbush (November 30, 2023)

• Clipper, Anshel Fridman pay $90.7M to Vornado, Sears affiliate for 429-unit dev site in Flatbush (May 17, 2022)

• Eddie Lampert’s ESL Investments borrows $20M from Cantor Fitzgerald for property in Brooklyn (February 14, 2020)

• Former Sears CEO Eddie Lampert’s ESL Investments borrows $20M from Cantor Fitzgerald for mall property in Flatbush (November 04, 2019)

• Former Sears CEO Edward S. Lampert’s ESL Investments borrows $20M from Cantor Fitzgerald Securities for property in Flatbush (September 17, 2019)

• ESL Investments paid $4M to Sears, Roebuck And Co. (September 05, 2019)

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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