Chaim Nortman

Nortco Development

Owner

Nortco Development NYC portfolio

$32 million* – elevator 54%, walkup 45%; Manhattan 100%, Bronx 0%

2363th largest portfolio by dollar value

46,000 sqft – walkup 67%, elevator 32%;

2977th largest by SF

4 properties – Manhattan 100%, Bronx 0%

1948th largest

56 residential units – Manhattan 100%, Bronx 0%

2034th largest by residential units

Person Activity past 24 months:

Borrower signatory: 1 for $13 million

Top Ten Associated Companies:

Bank Hapoalim (2), Northwind Group (1)

Top Ten Associated People:

Judy Barnes (1), Ingo Cruz Pinto (1)

Recent activity as company:

Nortco Development borrowed $13 million from Bank Hapoalim for 574 Amsterdam Avenue, 568 Amsterdam Avenue, 570 Amsterdam Avenue, and 572 Amsterdam Avenue, Upper West Side, Manhattan on July 24, 2024.

Chaim Nortman borrowed $43.1 million from Bank Hapoalim for 11 Hancock Place, 11 Hancock Place, 11 Hancock Place, 11 Hancock Place, 11 Hancock Place, and others, Harlem, Manhattan on December 01, 2021.

Chaim Nortman borrowed $15.5 million from Northwind Group for 165 Chrystie Street, Lower East Side, Manhattan on November 16, 2021.

*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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