Palestra Properties

Palestra Properties portfolio

$8.6 million* – condo 62%, retail 37%; Brooklyn 62%, Queens 37%

2901th largest portfolio by dollar value

28,879 sqft – condo 55%, retail 44%;

3666th largest by SF

3 properties – Brooklyn 66%, Queens 33%

2469th largest

Top Ten Associated Companies:

KeyBank (2), Samuel Genet (1), Hua Shan Chen (1)

Top Ten Associated People:

Samuel Genet (1), Hua Shan Chen (1)

Recent activity as company:

Hua Shan Chen sold 4002 10th Avenue and 4002 10th Avenue, Borough Park, Brooklyn for $9.3 million to Palestra Properties on October 19, 2021.

Palestra Properties borrowed $13.5 million from KeyBank for 4002 10th Avenue and 4002 10th Avenue, Borough Park, Brooklyn on October 19, 2021.

Palestra Properties borrowed $9.8 million from KeyBank for 206-02 Hillside Avenue, Hollis, Queens on August 06, 2021.

Samuel Genet sold 206 -02nd Hillside Avenue, Hollis, Queens for $7 million to Palestra Properties on August 06, 2021.

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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