Edward Ostad

Owner

185 Madison Ave 10th Floor New York, NY 10016

Edward Ostad NYC portfolio

$540.2 million* – walkup 53.0%, mixed-use 25.0%; Brooklyn 47.0%, Manhattan 41.0%

315th largest portfolio by dollar value

784,764 sqft – walkup 42%, elevator 36%;

410th largest by SF

64 properties – Brooklyn 56%, Manhattan 32%

143th largest

791 residential units – Manhattan 59%, Brooklyn 22%

288th largest by residential units

0 foreclosures, 0 bankruptcies, 2 other court cases.

Person Activity past 24 months:

Buyer signatory: 10 for $45 million

Borrower signatory: 3 for $31.7 million

Top Ten Associated Companies:

Signature Bank (7), New York Community Bank (4), Danielle Downing (4), Suzanne Castagna (2), Bongju Shim (1), Ann Hwa Yup Shim (1), SMA Equities (1), Abingdon Square (1), Son Dinh Tran (1), Frank Fea (1)

Top Ten Associated People:

Danielle Downing (4), Suzanne Castagna (2), Bongju Shim (1), Ann Hwa Yup Shim (1), Edward J. Bullard, Jr. (1), Benjamin Atkins (1), Son Dinh Tran (1), Frank Fea (1), Anna Gutteridge (1), Fred Abi-Hassoun (1)

Recent activity as company:

• Michael Ostad and Edward Ostad borrowed $7.2 million from Flatiron Realty Capital for 250 East 90th Street, Yorkville, Manhattan on February 26, 2025.

• Rhoda Crane and Michael Crane sold 250 East 90th Street, Yorkville, Manhattan for $4.4 million to Edward Ostad on February 14, 2025.

• Allegrino Sale sold 433 Court Street and 431 Court Street, Carroll Gardens, Brooklyn for $5.7 million to Edward Ostad on December 19, 2024.

• Related Companies sold 103 3rd Place, Carroll Gardens, Brooklyn for $3.4 million to Edward Ostad on November 21, 2024.

• Suzanne Castagna sold 115 Seigel Street and 100 Graham Avenue, Williamsburg, Brooklyn for $3.8 million to Edward Ostad on November 13, 2024.

• Suzanne Castagna sold 98 Graham Avenue, Williamsburg, Brooklyn for $3.5 million to Edward Ostad on November 13, 2024.

• Edward Ostad borrowed $10 million from Citibank for 817 9th Avenue and 819 9th Avenue, Hell’s Kitchen, Manhattan on July 24, 2024.

• Edward Ostad borrowed $14.5 million from Amalgamated Bank for 714 Greenwich Street, 746 9th Avenue, 301 East 90th St, and 723 11th Avenue, West Village, Manhattan on March 29, 2024.

• Danielle Downing sold 723 11th Avenue, Hell’s Kitchen, Manhattan for $5 million to Edward Ostad on March 29, 2024.

• Danielle Downing sold 746 Ninth Avenue, Hell’s Kitchen, Manhattan for $7.2 million to Edward Ostad on March 29, 2024.