Justin Adelipour
Partner
Capstone Equities
Owner
545 5th Ave, Suite 1209 New York, NY 10017
Capstone Equities|Justin Adelipour NYC portfolio
$628.8 million -office 49%, hotel 42%, condo 8%; Manhattan 78%, Brooklyn 21%*
367th largest portfolio by dollar value
1,405,225 sqft – office 59%, hotel 36%, condo 4%; Brooklyn 50%, Manhattan 49%
350th largest by SF
13 properties – Manhattan 78%, Brooklyn 21%
790th largest
1 foreclosure, 0 bankruptcies, 156 other court cases.
Other Links:
http://pdf.secdatabase.com/1983/0001539497-25-002754.pdf
Person Activity past 24 months:
Buyer signatory: 1 for $32 million
Seller signatory: 1 for $32 million
Borrower signatory: 6 for $148.6 million
Top Ten Associated Companies:
Capstone Equities (2), Argentic Investment Management (2), Ellington Management Group (1), Maxim Capital Group (1), Nightingale Properties (1), Deutsche Bank (1), Live Oak Bank (1), Bank of America (1), Wells Fargo (1), Corigin Real Estate Group (1)
Top Ten Associated People:
Justin Adelipour (2), Ryan Connolly (1), Eric Chan (1), Elchonon Schwartz (1), Peter Castro (1), David Bush (1), Ryan Supple (1), Jamie Bourgeois (1), Fariborz A. Cohen (1), Jeffrey L. Cirillo (1)
Recent activity as signatory:
• Capstone Equities and Republic Investment Group borrowed $39 million from Bank of America for 21 West 32 Street on December 11, 2025.
• Moinian Group, Justin Adelipour and Jacob Orfali borrowed $31.8 million from Wells Fargo for 126 West 44 Street on December 05, 2025.
• Capstone Equities borrowed $20.1 million from Live Oak Bank for 122 East 40 Street on November 18, 2025.
• Capstone Equities borrowed $9.2 million from Argentic Investment Management for 14 53 Street on November 12, 2025.
• Capstone Equities borrowed $18.5 million from Deutsche Bank for 21 West 31 Street on August 08, 2025.
• Capstone Equities borrowed $30 million from Ellington Management Group for 8 West 32 Street on March 10, 2025.
• Capstone Equities sold 8 West 32 Street for $32 million to Capstone Equities on March 10, 2025.
• Capstone Equities borrowed $49.5 million from Argentic Investment Management for 14 53 Street on August 25, 2023.
• Nightingale Properties sold 14 53 Street for $75 million to Capstone Equities on August 25, 2023.
• Capstone Equities and Republic Investment Company borrowed $16.2 million from Maxim Capital Group for 122 East 40 Street on July 17, 2023.
Latest Stories:
• Capstone Equities recaps Penn Plaza hotel at $32M, borrows $30M (March 27, 2025)
• Capstone sues Nightingale CEO over $90M in alleged guarantys at Whale Building (July 13, 2023)
• Capstone Equities buys $88.9M note on Nightingale’s Whale in Sunset Park (May 30, 2023)
• Nightingale sues Capstone over Sunset Park note sale, seeks $20M (January 18, 2023)