Marc Blumenfrucht
Managing Member
Iris Holdings Group
(Black Iris Capital)
Owner
2460 Tiebout Ave, Bronx, NY 10458
Iris Holdings Group NYC portfolio
$308.8 million -elevator 68%, walkup 31%; Queens 68%, Brooklyn 26%, Staten Island 3%*
691th largest portfolio by dollar value
1,801,398 sqft – elevator 72%, walkup 27%; Queens 71%, Brooklyn 23%, Staten Island 3%
266th largest by SF
32 properties – Brooklyn 50%, Queens 43%, Manhattan 3%
296th largest
1,949 residential units – Queens 68%, Brooklyn 24%, Staten Island 5%
164th largest by residential units
Person Activity past 24 months:
Buyer signatory: 4 for $71.5 million
Borrower signatory: 2 for $189.5 million
Top Ten Associated Companies:
LeFrak (4), MF1 Capital (3), KeyBank (1), National Equity Fund (1), Greystone & Co. (1), Estate of Michael Lazaroff (1)
Top Ten Associated People:
Arnold S. Lehman (4)
Recent activity as signatory:
• Iris Holdings Group borrowed $114.5 million from Greystone & Co. for 64-20 Saunders Street on October 31, 2025.
• LeFrak sold 137-20 45 Avenue for $21.1 million to Iris Holdings Group on June 25, 2024.
• LeFrak sold 45-15 Colden Street for $20.9 million to Iris Holdings Group on June 25, 2024.
• Iris Holdings Group borrowed $75 million from National Equity Fund for 45-15 Colden Street on June 25, 2024.
• LeFrak sold 44-35 Colden Street for $10 million to Iris Holdings Group on June 25, 2024.
• LeFrak sold 44-15 Colden Street for $19.5 million to Iris Holdings Group on June 25, 2024.
• Iris Holdings Group borrowed $27.5 million from MF1 Capital for 5009 10 Avenue on November 09, 2021.
• Iris Holdings Group borrowed $19.8 million from MF1 Capital for 4701 9 Avenue on November 09, 2021.
• Iris Holdings Group borrowed $72.7 million from MF1 Capital for 4701 9 Avenue on November 09, 2021.
• Iris Holdings Group borrowed $11.7 million from KeyBank for 46 Mac Donough Street on June 23, 2021.
Latest Stories:
• Iris Holdings signs $11.7M refi with KeyBank for five Bed-Stuy rentals (July 08, 2021)
• Iris Holdings obtained financing of $11M from METROPOLITAN COMMERCIAL BANK (July 16, 2019)