John Catsimatidis
(John A. Catsimatidis)
Red Apple Group
Owner
Red Apple Group NYC portfolio
$616.6 million -condo 71%, retail 14%, elevator 8%; Brooklyn 76%, Manhattan 23%*
369th largest portfolio by dollar value
1,383,608 sqft – condo 86%, elevator 6%, N2 4%; Brooklyn 90%, Manhattan 9%
358th largest by SF
15 properties – Brooklyn 68%, Manhattan 32%
674th largest
1,179 residential units – Brooklyn 100%
290th largest by residential units
0 foreclosures, 0 bankruptcies, 1 other court case.
Person Activity past 24 months:
Buyer signatory: 1 for $22.5 million
Seller signatory: 1 for $9 million
Borrower signatory: 2 for $95.1 million
Top Ten Associated Companies:
M&T Bank (4), Bank of America (2), Bank Leumi (1), Fouad Elayyan (1), JPMorgan Chase (1), Wells Fargo (1), HSBC Bank (1), Congregation of Divine Providence (1), Mordechai Fleischer (1)
Top Ten Associated People:
Leeanne Martz (2), Rachel Carter (1), Fouad Elayyan (1), David Arza (1), Christopher Zimmermann (1), John A. Rojas (1), Barbara Rohe (1), Mordechai Fleischer (1)
Recent activity as signatory:
• Red Apple Group sold 1596 Broadway for $9 million to Fouad Elayyan on October 22, 2025.
• Red Apple Group borrowed $38.1 million from M&T Bank for 682 Pacific Street on May 21, 2025.
• Congregation of Divine Providence sold 257 West 24 Street for $22.5 million to Red Apple Group on October 29, 2024.
• Red Apple Group borrowed $57 million from JPMorgan Chase for 280 8 Avenue on July 25, 2024.
• Red Apple Group borrowed $8 million from Wells Fargo for 3617 Boardwalk West on October 13, 2023.
• Red Apple Group borrowed $5.7 million from M&T Bank for 215 9th Avenue and 405 West 23rd Street, Chelsea, Manhattan on September 29, 2022.
• Red Apple Group borrowed $8.2 million from M&T Bank for 225 8th Avenue, Chelsea, Manhattan on September 29, 2022.
• Mordechai Fleischer sold 3229 Boardwalk West for $2.5 million to Red Apple Group on July 27, 2022.
• Red Apple Group borrowed $23.2 million from Bank of America for 1 Ocean Drive, 1 Ocean Drive, and 1 Ocean Drive, Coney Island, Brooklyn on July 20, 2022.
• Red Apple Group borrowed $5.5 million from HSBC Bank for 1512 1 Avenue on July 07, 2022.
Latest Stories:
• Red Apple signs $38.1M refi in Prospect Heights, made $5.1M principal payment (June 02, 2025)
• Catsimatidis’s Red Apple files to demo 108-unit SRO, no NB plans filed (February 11, 2025)
• Red Apple Group pays $22.5M for building adjacent to Chelsea dev site (November 29, 2024)
• Red Apple Group signs $57M construction loan for 104-unit project in Chelsea (August 05, 2024)
• John Catsimatidis, Red Apple Group pay $2.5M for two vacant lots in Coney Island (August 03, 2022)
• Red Apple Group ups debt by $23.2M for new 425-unit rental in Coney Island (July 27, 2022)