Justin Adelipour
Partner
Capstone Equities
Owner
545 5th Ave, Suite 1209 New York, NY 10017
Capstone Equities|Justin Adelipour NYC portfolio
$530.4 million -hotel 49%, office 40%, condo 9%; Manhattan 74%, Brooklyn 25%*
419th largest portfolio by dollar value
1,372,943 sqft – office 58%, hotel 37%, condo 4%; Brooklyn 52%, Manhattan 47%
362th largest by SF
12 properties – Manhattan 76%, Brooklyn 23%
837th largest
1 foreclosure, 0 bankruptcies, 93 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), Meadow Partners (1), Ellington Management Group (1), Deutsche Bank (1), Live Oak Bank (1), Bank of America (1), Wells Fargo (1), Maxim Capital Group (1), Nightingale Properties (1)
Top Ten Associated People:
Justin Adelipour (2), Timothy Yantz (1), Ryan Connolly (1), Peter Castro (1), David Bush (1), Ryan Supple (1), Jamie Bourgeois (1), Fariborz A. Cohen (1), Jeffrey L. Cirillo (1), Eric Chan (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.
• 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.
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)