Red Apple Group

800 3rd Ave 5th Fl New York, NY 10022 United States

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Red Apple Group NYC portfolio

$727.6 million -condo 60%, elevator 22%, retail 12%; Brooklyn 80%, Manhattan 19%*

317th largest portfolio by dollar value

1,649,025 sqft – condo 72%, elevator 21%, N2 3%; Brooklyn 91%, Manhattan 8%

294th largest by SF

16 properties – Brooklyn 69%, Manhattan 30%

632th largest

1,488 residential units – Brooklyn 93%, Manhattan 6%

225th largest by residential units

0 foreclosures, 0 bankruptcies, 1 other court case.

Company Activity past 24 months:

Buyer company: 1 for $22.5 million

Seller company: 1 for $9 million

Borrower company: 3 for $178.6 million

Top Ten Associated Companies:

M&T Bank (4), Bank of America (3), U.S. Bank (1), Fouad Elayyan (1), JPMorgan Chase (1), Wells Fargo (1), Popular Bank (1), HSBC Bank (1), Bank Leumi (1)

Top Ten Associated People:

Leeanne Martz (2), Matthew Gumnic (1), Rachel Carter (1), Fouad Elayyan (1), David Arza (1), Christopher Zimmermann (1), Joseph Farrauto (1), John A. Rojas (1)

Recent activity as company:

• Red Apple Group borrowed $83.5 million from U.S. Bank for 81 Fleet Place on May 28, 2026.

• Red Apple Group sold 1596 Broadway for $9 million to Fouad Elayyan on October 22, 2025.

• Red Apple Group borrowed $38.1 million from M&T Bank for 682 Pacific Street on May 21, 2025.

• Congregation of Divine Providence sold 257 West 24 Street for $22.5 million to Red Apple Group on October 29, 2024.

• Red Apple Group borrowed $57 million from JPMorgan Chase for 280 8 Avenue on July 25, 2024.

• Red Apple Group borrowed $8 million from Wells Fargo for 3617 Boardwalk West on October 13, 2023.

• Red Apple Group borrowed $5.7 million from M&T Bank for 215 9th Avenue and 405 West 23rd Street, Chelsea, Manhattan on September 29, 2022.

• Red Apple Group borrowed $8.2 million from M&T Bank for 225 8th Avenue, Chelsea, Manhattan on September 29, 2022.

• Mordechai Fleischer sold 3229 Boardwalk West for $2.5 million to Red Apple Group on July 27, 2022.

• Red Apple Group borrowed $23.2 million from Bank of America for 1 Ocean Drive, 1 Ocean Drive, and 1 Ocean Drive, Coney Island, Brooklyn on July 20, 2022.