Turnbridge Equities

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Turnbridge Equities NYC portfolio

$727.1 million* – V1 69.0%, industrial 26.0%; Bronx 72.0%, Brooklyn 27.0%

226th largest portfolio by dollar value

268,082 sqft – industrial 80%, P9 17%;

972th largest by SF

17 properties – Brooklyn 76%, Bronx 23%

523th largest

Company Activity past 24 months:

Buyer company: 4 for $67.5 million

Seller company: 1 for $57 million

Borrower company: 4 for $89.3 million

Developer (new building or major alteration): 1 for 88,251 square feet

Top Ten Associated Companies:

Dune Real Estate Partners (4), East West Bank (3), Angela Paolino-Thompson (1), Michael Paolino (1), Thomas Paolino (1), Glenmore Industries (1), Sandy Marks (1), Starwood Capital Group (1), Aresif Lender Llc (1), Greiner-Maltz Management (1)

Top Ten Associated People:

Eric Calder (4), Angela Paolino-Thompson (1), Michael Paolino (1), Thomas Paolino (1), Harold Lebwhohl (1), Sandy Marks (1), Nick Nawaz (1), Tyren Eastmond (1), Steve Groetsema (1), Christine Falco (1)

Recent activity as company:

Turnbridge Equities borrowed $63 million from Acore Capital for 1 Wortman Avenue, East New York, Brooklyn on December 20, 2024.

• Aaron Menche and Daniel Skura sold 1 Wortman Avenue, East New York, Brooklyn for $29 million to Turnbridge Equities on December 20, 2024.

Turnbridge Equities for Kevin Yang filed plans for new building for 88,251 sqft in East New York, Brooklyn, on July 31, 2024.

Turnbridge Equities borrowed $11.2 million from East West Bank for 2300 East 69th Street, 2250 East 69th Street, and N/A East 69th Street, Bergen Beach, Brooklyn on March 04, 2024.

Peter K. Tully sold 2300 East 69th Street, 2250 East 69th Street, and N/A East 69th Street, Bergen Beach, Brooklyn for $16.6 million to Turnbridge Equities on March 04, 2024.

Turnbridge Equities borrowed $5.9 million from East West Bank for 2350 East 69th Street, Bergen Beach, Brooklyn on January 24, 2024.

Christine Falco sold 2350 East 69th Street, Bergen Beach, Brooklyn for $8.8 million to Turnbridge Equities on January 24, 2024.

Turnbridge Equities sold 58-95 Maurice Avenue, Maspeth, Queens for $57 million to Bridge Industrial on December 21, 2023.

Turnbridge Equities borrowed $9.3 million from East West Bank for N/A Shore Parkway, N/A Shore Parkway, N/A Shore Parkway, N/A Stillwell Avenue, 2320 Shore Parkway, and others, Gravesend, Brooklyn on May 24, 2023.

• Angela Paolino-Thompson, Michael Paolino and Thomas Paolino sold N/A Shore Parkway, N/A Shore Parkway, N/A Shore Parkway, N/A Stillwell Avenue, 2320 Shore Parkway, and others, Gravesend, Brooklyn for $13 million to Turnbridge Equities on May 18, 2023.

Latest Stories:

• Turnbridge Equities pays $29M for storage building dev site in East New York (December 23, 2024)

• Bridge Industrial signs $44.2M initial loan with PGIM for industrial in Maspeth (December 12, 2024)

• Turnbridge Equities pays $16.6M for industrial properties in Bergen Beach (March 05, 2024)

• Turnbridge Equities pays $8.8M for sports club property in Bergen Beach (January 25, 2024)

• Bridge Industrial pays $57M to Turnbridge Equities for industrial in Maspeth (December 22, 2023)

• Turnbridge Equities signs $9.3M acquisition loan for $13M purchase in Gravesend (May 25, 2023)

• Turnbridge Equities pays $13M for six specialty properties in Gravesend (May 19, 2023)

• BentallGreenOak pays $20.4M for industrial in East New York where it was tenant (April 11, 2023)

• Turnbridge Equities pays $15.2M for three bankrupt Easco Boiler industrial properties in Hunts Point (December 13, 2022)

• Turnbridge pays $22.4M for East New York industrial, gets $49M Starwood construction loan (January 13, 2022)

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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