Select Garages

People:

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Select Garages NYC portfolio

$86.3 million* – condo 100.0%; Manhattan 100.0%, Bronx 0.0%

1324th largest portfolio by dollar value

89,155 sqft – condo 100%;

2107th largest by SF

4 properties – Manhattan 100%, Bronx 0%

1877th largest

Company Activity past 24 months:

Borrower company: 1 for $44 million

Top Ten Associated Companies:

Bank of Montreal (1), Manhattan Skyline Management (1), Zucker Organization (1), Signature Bank (1)

Top Ten Associated People:

Albert Berkowitz (2), Michael Birajiclian (1), Kenneth A. Stagnari (1)

Recent activity as company:

Select Garages borrowed $44 million from Bank of Montreal for 2373 Broadway, 40 East 9th Street, 21 University Place, and 60 East 9th Street, Upper West Side, Manhattan on June 08, 2023.

Select Garages borrowed $10.5 million from Signature Bank for 21 University Place, 40 East 9th Street, and 60 East 9th Street, Greenwich Village, Manhattan on November 24, 2021.

Zucker Organization sold 21 University Place, 40 East 9th Street, and 60 East 9th Street, Greenwich Village, Manhattan for $16.2 million to Select Garages on October 28, 2021.

Manhattan Skyline Management sold 2373 Broadway, Upper West Side, Manhattan for $13.5 million to Select Garages on October 27, 2021.

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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