Benjamin Shaoul

(Ben Shaoul)

Principal

Magnum Real Estate Group

Owner

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Magnum Real Estate Group NYC portfolio

$396.5 million -condo 65%, elevator 18%, retail 8%; Manhattan 100%*

556th largest portfolio by dollar value

794,268 sqft – condo 88%, elevator 8%, walkup 1%; Manhattan 100%

591th largest by SF

8 properties – Manhattan 100%

1298th largest

143 residential units – Manhattan 100%

1449th largest by residential units

1 foreclosure, 0 bankruptcies, 4 other court cases.

Person Activity past 24 months:

Buyer signatory: 1 for $17.6 million

Seller signatory: 1 for $17.6 million

Borrower signatory: 5 for $101.8 million

Developer (new building or major alteration): 1 for 0 square feet

Top Ten Associated People:

Mindy H. Stern (2), Elena Dokianos (2), Andrea Riina (2), Michael Birajiclian (2), Benjamin Shaoul (1), Avi Lieberman (1), Daniel Miller (1), Salvatore Villani (1), Timothy Merjos (1), Seth Yablans (1)

Recent activity as signatory:

Magnum Real Estate Group borrowed $22 million from Israel Discount Bank for 140 West Street and 140 West Street, None, Manhattan on June 18, 2026.

Magnum Real Estate Group borrowed $10.9 million from Bank of Montreal for 166 Elizabeth Street on December 01, 2025.

Magnum Real Estate Group borrowed $8.6 million from Bank of Montreal for 349 East 10 Street on December 01, 2025.

Magnum Real Estate Group borrowed $25 million from Arbor Realty Trust for 331 Canal Street on September 30, 2025.

Magnum Real Estate Group borrowed $35.3 million from BH3 Management for 140 West Street, 140 West Street, 140 West Street, and 140 West Street, None, Manhattan on October 02, 2024.

Magnum Real Estate Group and CIM Group sold 140 West Street and 140 West Street, None, Manhattan for $17.6 million to Magnum Real Estate Group on October 02, 2024.

Magnum Real Estate Group borrowed $25 million from Israel Discount Bank for 813 Broadway on June 28, 2024.

Magnum Real Estate Group borrowed $9.5 million from JPMorgan Chase for 131 Charles Street on October 20, 2023.

Magnum Real Estate Group sold 163 Ludlow Street for $30 million to Tatar Holding on April 26, 2023.

Magnum Real Estate Group sold 81 Charles Street for $10.2 million to Northern Trust on December 16, 2021.

Seth Yablans sold 81 Charles Street for $6 million to Magnum Real Estate Group on December 14, 2021.

Magnum Real Estate Group borrowed $23.5 million from Bank of Montreal for 167 Ludlow Street on July 26, 2021.

RoundSquare Development sold 133 West 22nd Street, Chelsea, Manhattan for $2.4 million to AKAM Living Services on May 13, 2021.

RoundSquare Development sold 133 West 22nd Street, Chelsea, Manhattan for $8.6 million to AKAM Living Services on May 13, 2021.

Magnum Real Estate Group borrowed $74.9 million from Ares Management for 140 West Street, 140 West Street, 140 West Street, 140 West Street, 140 West Street, and others, Financial District, Manhattan on April 13, 2021.

Timothy Merjos sold 244 West 11 Street for $4.3 million to Magnum Real Estate Group on February 05, 2021.

Magnum Real Estate Group sold 81 Charles Street for $4 million to Northern Trust Company on January 04, 2021.

Magnum Real Estate Group borrowed $18.7 million from Arbor Realty Trust for 167 Ludlow Street on December 13, 2019.

Magnum Real Estate Group sold 389 East 89th Street, Yorkville, Manhattan for $15.3 million to Xian Xun Hu on October 16, 2019.

Benjamin Shaoul filed plans for new building for 119,234 sqft in Kips Bay, Manhattan, on July 05, 2013.

Latest Stories:

• Abdiel Capital pays $13.1M to Starwood for landmarked Norwood House in Chelsea (June 04, 2026)

• Ben Shaoul’s Magnum buys stake from Arbor at SoHo mixed-use valued at $19.5M, borrows $25M (October 09, 2025)

• Starwood acquires landmarked Chelsea townhouse following $9.2M foreclosure (July 29, 2024)

• Magnum signs $25M construction loan for 20-unit condo in Greenwich Village (July 10, 2024)

• Courts roundup: Kalimian-Amirian settlements, $15M Clinton Hill note sale, $13.7M Chelsea auction (May 10, 2024)

• Courts roundup: $23M LIC pre-foreclosure; second round $65M Midwood pre-foreclosure, $9.2M East Village forbearance (February 09, 2024)

• German investor Tatar Holding pays $30M to Magnum for 3 LES walkups (May 04, 2023)

• Magnum Real Estate buys out partner at West Village walk-up for $6M (January 06, 2022)

• Akam pays $11M to Magnum, RoundSquare for retail condos in Chelsea (May 27, 2021)

• Magnum Real Estate signs $74.9M condo inventory loan with Ares Commercial in FiDi (May 06, 2021)

Court Records:

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Properties:

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