Justin Adelipour

Partner

Capstone Equities

Owner

545 5th Ave, Suite 1209 New York, NY 10017

Justin Adelipour

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Capstone Equities|Justin Adelipour NYC portfolio

$628.8 million -office 49%, hotel 42%, condo 8%; Manhattan 78%, Brooklyn 21%*

366th largest portfolio by dollar value

1,405,225 sqft – office 59%, hotel 36%, condo 4%; Brooklyn 50%, Manhattan 49%

359th largest by SF

13 properties – Manhattan 78%, Brooklyn 21%

792th largest

1 foreclosure, 0 bankruptcies, 3 other court cases.

Person Activity past 24 months:

Buyer signatory: 1 for $32 million

Seller signatory: 1 for $32 million

Borrower signatory: 6 for $148.6 million

• 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 sold 8 West 32 Street for $32 million to Capstone Equities on March 10, 2025.

• Capstone Equities borrowed $30 million from Ellington Management Group for 8 West 32 Street on March 10, 2025.

• Nightingale Properties sold 14 53 Street for $75 million to Capstone Equities on August 25, 2023.

• Capstone Equities borrowed $49.5 million from Argentic Investment Management for 14 53 Street 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.

• Capstone Equities on May 17, 2023 bought a loan with an original principal of $88.9 million from TPG Real Estate Partners, signed by Deborah Ginsberg, secured by 14 53 Street, when owned by Nightingale Properties.

• Meadow Partners ground leased 122 East 40 Street valued at $15.6 million to Republic Investment Company on April 11, 2022.

• Corigin Real Estate Group sold 20 East End Avenue, Yorkville, Manhattan for $10.8 million to Justin Adelipour and Setareh Adelipour on March 11, 2022.