Zucker Organization

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Zucker Organization NYC portfolio

$1.2 billion* – elevator 71.0%, condo 18.0%; Manhattan 99.0%, Bronx 0.0%

139th largest portfolio by dollar value

2,252,860 sqft – elevator 90%, condo 5%;

138th largest by SF

34 properties – Manhattan 97%, Brooklyn 2%

279th largest

2,230 residential units – Manhattan 92%, Brooklyn 7%

97th largest by residential units

Company Activity past 24 months:

Seller company: 1 for $11.7 million

Borrower company: 3 for $99.4 million

Top Ten Associated Companies:

State Farm Realty Mortgage (4), Angelo Gordon (1), Premier Equities (1), JPMorgan Chase (1), Bank of New York Mellon (1), Sandor LLC (1), Edward D. Jamie Realty (1), Select Garages (1), PCCP (1), John Hancock Life Insurance (1)

Top Ten Associated People:

Doug Profenius (1), Jennifer R. Lewin (1), Alexander D. Carni (1), Jay Stein (1), Leon Jamie (1), Aaron Katz (1), Thomas J. Treacy (1)

Recent activity as company:

Zucker Organization borrowed $55 million from John Hancock Life Insurance for 115 East 34th Street, Grand Central, Manhattan on December 09, 2024.

Zucker Organization sold 205 East 59th Street, Midtown East, Manhattan for $11.7 million to Sandor LLC on September 06, 2024.

Zucker Organization borrowed $20.4 million from Bank of New York Mellon for 269 / 283rd Greenwich Street and 295 Greenwich Street, None, Manhattan on August 14, 2024.

Zucker Organization borrowed $24 million from JPMorgan Chase for 30 East 85th Street, 30 East 85th Street, and 30 East 85th Street, Carnegie Hill, Manhattan on July 30, 2024.

Zucker Organization sold 2250 Broadway, Upper West Side, Manhattan for $27 million to Angelo Gordon and Premier Equities on October 04, 2022.

Zucker Organization borrowed $56 million from PCCP for 115 East 34th Street, Murray Hill, Manhattan on December 14, 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.

Zucker Organization borrowed $6 million from State Farm Realty Mortgage for 97 Sullivan Street, 107 Sullivan Street, 111 Sullivan Street, 113 Sullivan Street, 115 Sullivan Street, and others, Soho, Manhattan on May 26, 2020.

Zucker Organization borrowed $26.5 million from State Farm Realty Mortgage for 166 East 34th Street, Kips Bay, Manhattan on May 26, 2020.

Zucker Organization borrowed $30.2 million from State Farm Realty Mortgage for 55 Sullivan Street, 55 Sullivan Street, 55 Sullivan Street, Soho, Manhattan on May 01, 2020.

Latest Stories:

• Zucker Organization signs $55M refi with John Hancock for 195-unit rental in Grand Central (December 10, 2024)

• Indiana mall owner pays $11.7M to Zucker for Midtown East retail, first NYC purchase (September 09, 2024)

• Select Garages signs $44M refi at two garage locations in Manhattan (June 09, 2023)

• Angelo Gordon, Premier Equities pays $27M to Zucker Organization for retail in Upper West Side (October 05, 2022)

• Zucker Organization signs $56M refi loan with PCCP for rental in Murray Hill (December 15, 2021)

• Select Garages pays $16.2M to Zucker Organization for three parking condos in West Village (October 29, 2021)

• Zucker Organization borrows $32.5 million from State Farm to refi multifamily in Kips Bay, Soho (May 27, 2020)

• Zucker Organization borrows $30M from State Farm Realty Mortgage to refi commercial property in Soho (May 04, 2020)

• Zucker Organization pays $11M for Flatiron apartment building it has leased since 1972 (February 05, 2020)

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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