R&B Realty Group

People:

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R&B Realty Group NYC portfolio

$8.9 million* – office 100%; Manhattan 100%, Bronx 0%

4247th largest portfolio by dollar value

9,876 sqft – office 100%;

5298th largest by SF

0 foreclosures, 17 bankruptcies, 18 other court cases.

Company Activity past 24 months:

Seller company: 3 for $14.5 million

Top Ten Associated Companies:

Lightstone Group (1), Emerald Creek Capital (1), Global Ops (1), Bluejay Management (1), Yerachmeal Jacobson (1), David Spiegel (1), Noah Spiegel (1), Kishore Varieth (1), Snehal Patel (1)

Top Ten Associated People:

Joseph E. Teichman (1), Mark Bahiri (1), Shay Amir (1), Marc Jacobowitz (1), Edward Bullard (1)

Recent activity as company:

R&B Realty Group sold 32 West 39th Street, Grand Central, Manhattan for $2.2 million to Global Ops on July 25, 2024.

R&B Realty Group sold 32 West 39th Street, Grand Central, Manhattan for $2.6 million to Kishore Varieth and Snehal Patel on October 23, 2023.

R&B Realty Group sold 22 West 23rd Street, Flatiron District, Manhattan for $9.7 million to Bluejay Management, Yerachmeal Jacobson, David Spiegel and Noah Spiegel on September 28, 2023.

R&B Realty Group borrowed $7.5 million from Emerald Creek Capital for 22 West 23rd Street, Flatiron District, Manhattan on September 09, 2022.

R&B Realty Group borrowed $52 million from Lightstone Group for 32 West 39th Street, 28 West 36th Street, and 36 West 39th Street, Garment District, Manhattan on March 16, 2022.

Court Records:

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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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