Jeffrey Simpson
(Jeff Simpson, Jeffrey Solomon Simpson)
Co-Founder
Arch Companies
(Arch Real Estate Holdings)
88 University Place, 11th Floor New York, NY 10003
Arch Companies NYC portfolio
$155.2 million -elevator 49%, mixed-use 20%, development 17%; Manhattan 42%, Brooklyn 31%, Queens 23%*
1139th largest portfolio by dollar value
367,345 sqft – mixed-use 64%, elevator 29%, C7 3%; Queens 65%, Manhattan 20%, Brooklyn 12%
1042th largest by SF
12 properties – Queens 41%, Brooklyn 33%, Manhattan 16%
857th largest
216 residential units – Queens 61%, Manhattan 20%, Brooklyn 18%
1094th largest by residential units
3 foreclosures, 1 bankruptcy, 9 other court cases.
Other Links:
Notes
Jeffrey Simpson is involved in an acrimonius, complex litigation over the collapse of Arch Companies. He is battling his former partner, Jared Chassen, and the equity investor, the Wiener family’s 35 Oak Holdings Ltd. of Canada.
Top Ten Associated Companies:
Balthasar Capital Fund Management (3), First Republic Bank (1), Madison Realty Capital (1), Valley National Bank (1), AB Capstone (1), CIM Group (1)
Top Ten Associated People:
Denis Saklakov (3), Roland Cablayan (1), Meir Babaev (1), David Thompson (1)
Recent activity as signatory:
• Arch Companies borrowed $10.8 million from Valley National Bank for 1604 Avenue P on August 26, 2022.
• Balthasar Capital Fund Management sold 1010 Bushwick Avenue for $11.7 million to Arch Companies on August 26, 2022.
• Balthasar Capital Fund Management sold 435 Central Avenue for $10 million to Arch Companies on August 26, 2022.
• Balthasar Capital Fund Management sold 1351 Dekalb Avenue for $12.5 million to Arch Companies on August 26, 2022.
• AB Capstone sold 1604 Avenue P for $22.3 million to Arch Companies on August 25, 2022.
• Arch Companies borrowed $48.4 million from CIM Group for 26 East 12 Street on May 23, 2022.
• Arch Companies borrowed $7.2 million from First Republic Bank for 550 Metropolitan Avenue, Williamsburg, Brooklyn on October 14, 2021.
• Arch Companies borrowed $75 million from Madison Realty Capital for 54-37 Myrtle Avenue on January 29, 2021.
• Sela Group borrowed $63.2 million from Madison Realty Capital for 31 Ryerson Street on November 18, 2020.
• Jeff Simpson filed plans for new building for 25,699 sqft in Clinton Hill, Brooklyn, on May 28, 2014.
Latest Stories:
• Jeffrey Simpson files bankruptcy for Arch Companies entity (March 11, 2024)
• Yotam Michaeli pays $3.5M for three rentals in Bushwick (December 14, 2023)
• $10.8M pre-foreclosure filed at Sheepshead Bay dev site (October 25, 2023)
• Investor fears $350M loss if Arch Companies files bankruptcy (October 11, 2023)
• Courts roundup: Arch Companies sues AB Capstone, Karten sues Schuster (February 21, 2023)
• $45.8M refi loan with Valley National Bank at 11 Green Street in SoHo (September 30, 2022)