Turnbridge Equities
People:
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)
• 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)
Properties: