Leland Rechis

St. George Tower and Grill cooperative

St. George Tower and Grill cooperative portfolio

$78.5 million* – D4 100%; Brooklyn 100%, Manhattan 0%

684th largest portfolio by dollar value

466,470 sqft – D4 100%;

646th largest by SF

2 properties – Brooklyn 100%, Manhattan 0%

2956th largest

302 residential units – Brooklyn 100%, Manhattan 0%

645th largest by residential units

Person Activity past 24 months:

Borrower signatory: 1 for $20 million

Developer (new building or major alteration): 15.0 for 420,000 square feet

Top Ten Associated Companies:

Apple Bank for Savings (1)

Top Ten Associated People:

Lee Swedowsky (1)

Recent activity as company:

St. George Tower and Grill cooperative borrowed $20 million from Apple Bank for Savings for 101-111 Hicks Street, 44 Pineapple Street, 121 Hicks Street, and 41/49 Clark Street, Brooklyn Heights, Brooklyn on May 11, 2023.

*The Portfolio Value is the city’s Market Value, which is typically 50% or less of actual market value.

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