David Dushey
Jenel Real Estate
(Jenel Management)
Owner
275 Madison Avenue, Suite 1100, New York, NY 10016
Jenel Real Estate NYC portfolio
$872.3 million -elevator 29%, retail 27%, condo 18%; Manhattan 47%, Brooklyn 32%, Queens 14%*
264th largest portfolio by dollar value
1,304,174 sqft – elevator 28%, condo 22%, retail 20%; Manhattan 51%, Brooklyn 34%, Queens 9%
381th largest by SF
27 properties – Queens 42%, Manhattan 32%, Brooklyn 17%
368th largest
675 residential units – Manhattan 51%, Brooklyn 48%
458th largest by residential units
3 foreclosures, 0 bankruptcies, 5 other court cases.
Person Activity past 24 months:
Seller signatory: 2 for $254.5 million
Borrower signatory: 5 for $199.8 million
Top Ten Associated Companies:
Signature Bank (3), New York Community Bank (2), Webster Bank (2), BankUnited (1), Metropolitan Commercial Bank (1), H.I.G. Capital (1), KKR & Co. (1), Dalan Management (1), Israel Discount Bank (1), Vornado Realty Trust (1)
Top Ten Associated People:
Adam Brenner (2), Daniel Bagatta (1), Anthony McCoy (1), Ross Dahmen (1), Jay Shah (1), Jeffrey Wiseman (1), Daniel Rudin (1), Marc Cooper (1), Ryan Shay (1), Steven Borenstein (1)
Recent activity as signatory:
• Jenel Real Estate sold 136 West 34 Street for $19.1 million to Vornado Realty Trust on October 17, 2025.
• Jenel Real Estate borrowed $32 million from Israel Discount Bank for 540 Fulton Street and 540 Fulton Street, Downtown Brooklyn, Brooklyn on June 20, 2025.
• Jenel Real Estate borrowed $30 million from Webster Bank for 22-06 31 Street on June 05, 2025.
• Jenel Real Estate borrowed $12.8 million from BankUnited for 407 Knickerbocker Avenue on March 18, 2025.
• Jenel Management borrowed $45 million from Webster Bank for 22-11 31 Street on November 12, 2024.
• Jenel Real Estate sold 540 Fulton Street, Downtown Brooklyn, Brooklyn for $235.4 million to KKR & Co. and Dalan Management on October 15, 2024.
• Jenel Management borrowed $80 million from Apollo Global Management for 660 Madison Avenue, Lenox Hill, Manhattan on June 27, 2024.
• Jenel Management borrowed $23.8 million from Bank of America for 987 Avenue Of The Americas on December 20, 2023.
• Jenel Management sold 89-70 163 Street for $19.2 million to Jackson Group on August 24, 2023.
• Jenel Management borrowed $11.5 million from Metropolitan Commercial Bank for 221 West 124 Street on June 28, 2023.
Latest Stories:
• Vornado pays $19.1M for Jenel retail in Penn Plaza facing foreclosure auction (October 24, 2025)
• Jenel Real Estate signs $30M refi with Webster Bank for Ditmars Steinway retail (July 01, 2025)
• Jenel Real Estate signs $12.8M refi for mixed-use in Bushwick (March 21, 2025)
• Jenel Management signs $45M refi for newly built retail in Ditmars Steinway (November 20, 2024)
• KKR, Dalan pay $235.4M to Jenel for 327-unit rental in Downtown Brooklyn (October 23, 2024)
• $30M pre-foreclosure filed at two 34th Street retail properties (May 14, 2024)
• Jackson Group pays $19.2M to Jenel Management for Jamaica retail (August 30, 2023)
• Jenel Management refiles plans for 61K sf retail building in Ditmars Steinway (October 12, 2022)