Success Academy Charter Schools

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Success Academy Charter Schools NYC portfolio

$275.3 million* – industrial 85%, specialty 13%; Bronx 72%, Brooklyn 14%

598th largest portfolio by dollar value

190,309 sqft – industrial 75%, specialty 22%;

1277th largest by SF

14 properties – Queens 78%, Brooklyn 14%

609th largest

Company Activity past 24 months:

Buyer company: 3 for $67.2 million

Borrower company: 1 for $150 million

Top Ten Associated Companies:

Carol Joy Family Properties (2), MADDD Equities (1), Magen David Yeshivah (1), Build NYC Resource Corporation (1)

Top Ten Associated People:

Scott Perlstein (2), Jorge Madruga (1), Morris Missry (1), Noah Schumer (1)

Recent activity as company:

• Success Academy Charter Schools borrowed $150 million from Build NYC Resource Corporation for 580 River Avenue, Concourse, Bronx on November 25, 2024.

• Magen David Yeshivah sold 7801 Bay Parkway and 7815 Bay Parkway, Gravesend, Brooklyn for $37.2 million to Success Academy Charter Schools on June 24, 2024.

• Carol Joy Family Properties sold 153-01 Hillside Avenue, 153-03 Hillside Avenue, and N/A Hillside Avenue, Briarwood, Queens for $8.1 million to Success Academy Charter Schools on March 15, 2023.

• Carol Joy Family Properties sold 153-12 Hillside Avenue, 153-02 Hillside Avenue, 87-65 153rd Street, 87-81 153rd Street, 87-77 153rd Street, and others, Jamaica, Queens for $21.9 million to Success Academy Charter Schools on March 15, 2023.

• MADDD Equities sold 580 River Avenue, Concourse, Bronx for $105 million to Success Academy Charter Schools on January 24, 2022.