Property Markets Group

People:

To see the 3 people from this company you need a Professional level subscription

Subscribe ($125/month)

Property Markets Group portfolio

$37 million* – condo 55%, A4 34%; Manhattan 91%, Brooklyn 8%

1161th largest portfolio by dollar value

84,249 sqft – condo 49%, industrial 23%;

2143th largest by SF

23 properties – Manhattan 82%, Brooklyn 17%

413th largest

535 residential units – Brooklyn 96%, Manhattan 3%

405th largest by residential units

0 foreclosures, 0 bankruptcies, 2 other court cases.

Company Activity past 24 months:

Buyer company: 1 for $100 million

Seller company: 2 for $103.7 million

Borrower company: 1 for $230 million

Top Ten Associated People:

Nicholas Silvers (1), Ross Levine (1), Joshua Knoll (1), Jason Hart (1), Jeffrey Horowitz (1), Michael Dalton (1), Majid Kahen (1), Ido Paul Amit (1), Sergio Allegretti (1), Bartolo Allegretti (1)

Recent activity as company:

Property Markets Group sold 194 Third Avenue, Gramercy, Manhattan for $3.7 million to Kahen Properties on April 08, 2024.

Carlyle Group and Property Markets Group borrowed $230 million from Apollo Global Management for 267 Bond Street, 498 Sackett Street, 510 Sackett Street, and 495 Sackett Street, Gowanus, Brooklyn on May 31, 2023.

Property Markets Group sold 267-285 Bond Street and 498-510 Sackett Street, Gowanus, Brooklyn for $100 million to Carlyle Group and Property Markets Group on May 31, 2023.

Property Markets Group borrowed $42.8 million from Goldman Sachs for N/A Greenwich Street, 621 Greenwich Street, 117 Leroy Street, 115 Leroy Street, and 119 Leroy Street, West Village, Manhattan on November 01, 2022.

Property Markets Group borrowed $59.5 million from Maxim Capital Group for 267 Bond Street and 498 Sackett Street, Gowanus, Brooklyn on August 02, 2022.

Property Markets Group sold 621 Greenwich Street, West Village, Manhattan for $17 million to company on April 29, 2022.

JDS Development Group, Property Markets Group and Spruce Capital Partners sold 111 West 57th Street, Midtown West, Manhattan for $26.7 million to company on March 29, 2022.

Property Markets Group sold 125 3rd Street, Gowanus, Brooklyn for $21.6 million to Ido Paul Amit on March 11, 2022.

Property Markets Group sold 318 Nevins Street, Gowanus, Brooklyn for $102 million to Tavros Capital on January 26, 2022.

Property Markets Group borrowed $8 million from Goldman Sachs for 621 Greenwich Street, 119 Leroy Street, 117 Leroy Street, 115 Leroy Street, N/A Greenwich Street, and others, West Village, Manhattan on November 17, 2021.

Latest Stories:

• Tavros, Charney, Incoco sign $140M new construction loan with TYKO for 306-unit project in Gowanus (July 05, 2024)

• Kahen Properties pays $3.7M for mixed-use in Gramercy, down from $7.7M (April 09, 2024)

• Joyland Group signs $66M construction loan with iCross Capital in Gowanus (March 06, 2024)

• Stolar Capital battles Kahen Properties over disputed $4M sale in Gramercy (September 29, 2023)

• Joyland Group pays $30.5M to Orange Management for dev site in Gowanus (September 28, 2023)

• Orange Management buys out partner at dev site in Gowanus through $21M transaction (September 14, 2023)

• Carlyle Group pays $100M for control of PMG’s 517-unit Gowanus project, gets $230M loan (June 01, 2023)

• Partnership dispute over Rotem Rosen’s $27.5M Gowanus parcel purchase offer (February 23, 2023)

• Dynamic Star ups debt to $53M with Columbia Pacific Advisors for industrial in Long Island City (November 21, 2022)

• JDS Development signs $238.8M condo inventory loan with Apollo for 47 unsold units at 111 West 57th (September 02, 2022)

Court Records:

To see the 2 cases for this company you need a Professional level subscription

Subscribe ($125/month)

Properties:

To see the 11 properties for this company you need a Professional level subscription

Subscribe ($125/month)

*The Portfolio Value is the city’s Market Value, which is typically 50% or less of actual market value.

Leave a Reply