Red Apple Group
People:
Red Apple Group NYC portfolio
$616.6 million -condo 71%, retail 14%, elevator 8%; Brooklyn 76%, Manhattan 23%*
369th largest portfolio by dollar value
1,383,608 sqft – condo 86%, elevator 6%, N2 4%; Brooklyn 90%, Manhattan 9%
358th largest by SF
15 properties – Brooklyn 68%, Manhattan 32%
674th largest
1,179 residential units – Brooklyn 100%
290th 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: 2 for $95.1 million
Top Ten Associated Companies:
M&T Bank (4), Bank of America (3), Bank Leumi (1), Fouad Elayyan (1), JPMorgan Chase (1), Wells Fargo (1), Popular Bank (1), HSBC Bank (1)
Top Ten Associated People:
Leeanne Martz (2), 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 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 $8.2 million from M&T Bank for 225 8th Avenue, Chelsea, Manhattan on September 29, 2022.
• 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.
• 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.
• Red Apple Group borrowed $5.5 million from HSBC Bank for 1512 1 Avenue on July 07, 2022.
Latest Stories:
• Red Apple signs $38.1M refi in Prospect Heights, made $5.1M principal payment (June 02, 2025)
• Catsimatidis’s Red Apple files to demo 108-unit SRO, no NB plans filed (February 11, 2025)
• Red Apple Group pays $22.5M for building adjacent to Chelsea dev site (November 29, 2024)
• Red Apple Group signs $57M construction loan for 104-unit project in Chelsea (August 05, 2024)
• John Catsimatidis, Red Apple Group pay $2.5M for two vacant lots in Coney Island (August 03, 2022)
• Red Apple Group ups debt by $23.2M for new 425-unit rental in Coney Island (July 27, 2022)
Court Records:
Properties: