Carlos Bertaco
JSRE Acquisitions
(JSRE Acquisitions, J. Safra Group, J. Safra Sarasin Asset Management)
Owner
550 5th Ave New York, NY 10036-5007
JSRE Acquisitions NYC portfolio
$142.7 million -condo 50%, elevator 37%, walkup 10%; Manhattan 100%*
1181th largest portfolio by dollar value
62,577 sqft – elevator 52%, condo 30%, walkup 9%; Manhattan 100%
3027th largest by SF
5 properties – Manhattan 100%
1836th largest
15 residential units – Manhattan 100%
4148th largest by residential units
Person Activity past 24 months:
Buyer signatory: 2 for $47.4 million
Seller signatory: 2 for $26.5 million
Borrower signatory: 2 for $25.5 million
Top Ten Associated Companies:
Banque J. Safra Sarasin (2), Michael Ostad (1), Edward Ostad (1), Mehrdad Kahan (1), Said Makhany (1), J. Safra Sarasin (1), Longchamp (1), Ashkenazy Acquisition (1), 101 Holdings (1), Wharton Properties (1)
Top Ten Associated People:
Mathieu Beaumont (2), Michael Ostad (1), Michael Kahan (1), Saied Makhany (1), Michel Priester (1), Olivier Cassegrain (1), Jules Moor (1), Ben Ashkenazy (1), Michael Ashkenazy (1), Jeff Sutton (1)
Recent activity as signatory:
• Longchamp sold None for $40 million to J. Safra Real Estate on March 19, 2026.
• J. Safra Real Estate sold 161 Prince Street for $18 million to Michael Ostad and Edward Ostad on January 13, 2026.
• J. Safra Real Estate sold 23 East 22nd Street, Flatiron District, Manhattan for $8.5 million to Mehrdad Kahan and Said Makhany on December 23, 2025.
• J. Safra Real Estate borrowed $14.3 million from J. Safra Sarasin for 181 Canal Street on November 15, 2025.
• Elliot Sasson on May 15, 2025 bought a loan with an original principal of $11.4 million from Safra National Bank, signed by Simoni Morato|Carlos Bertaco, secured by 156 Baxter Street, when owned by Bijan Nassi.
• JSRE Acquisitions borrowed $11.2 million from Banque J. Safra Sarasin for 21 East 62 Street on November 08, 2024.
• Ashkenazy Acquisition, 101 Holdings and Wharton Properties sold 21 East 62 Street for $7.4 million to JSRE Acquisitions on October 10, 2024.
• JSRE Acquisitions borrowed $53.7 million from Banque J. Safra Sarasin for 841 Madison Avenue, Lenox Hill, Manhattan on October 16, 2020.
Latest Stories:
• J. Safra Real Estate pays $40M to Longchamp for Madison Ave. retail in Lenox Hill (March 23, 2026)
• Michael Ostad pays $18M to J. Safra Real Estate for two walkups in SoHo (January 22, 2026)
• $11.4M pre-foreclosure filed at Little Italy office building (June 10, 2025)
• Rockfeld files plans for 20 units in Chinatown, converting from office (May 23, 2025)