Silvershore Properties

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Silvershore Properties NYC portfolio

$7.9 million -walkup 77%, mixed-use 22%; Brooklyn 77%, Queens 22%*

5218th largest portfolio by dollar value

28,167 sqft – walkup 72%, mixed-use 27%; Brooklyn 67%, Queens 32%

4404th largest by SF

4 properties – Brooklyn 75%, Queens 25%

2598th largest

26 residential units – Brooklyn 69%, Queens 30%

3443th largest by residential units

6 foreclosures, 1 bankruptcy, 1 other court case.

• The lender on December 27, 2022 bought a loan with an original principal of $3 million from BankUnited, signed by Juan Bustabad, secured by 1236 Union Street, when owned by Silvershore Properties.

• The lender on August 23, 2022 bought a loan with an original principal of $1.3 million from New York Community Bank, signed by Mitchel A. Baffa, secured by 61-20 Madison Street, when owned by Silvershore Properties.

• Silvershore Properties sold 318 57 Street for $2.5 million to Park-It Management on January 25, 2022.

• Silvershore Properties sold 153 Noll Street for $2.1 million to Jemstone Group on December 17, 2021.

• Silvershore Properties sold 56 Pierrepont Street for $2.8 million to Maverick Real Estate Partners on December 31, 2020.

• Rapp Group on November 26, 2019 bought a loan with an original principal of $1.3 million from Goodman Capital, signed by Eric Goodman, secured by 251 Nassau Avenue, when owned by Silvershore Properties.