Marc Sharinn

SNL Storage

Owner

SNL Storage NYC portfolio

$122.5 million* – industrial 62%, development 37%; Bronx 40%, Queens 37%, Brooklyn 21%

1080th largest portfolio by dollar value

296,849 sqft – industrial 90%, development 9%;

930th largest by SF

10 properties – Brooklyn 70%, Bronx 20%, Queens 10%

781th largest

Top Ten Associated Companies:

Axos Bank (2), Sterling National Bank (1), Joel Follman (1)

Top Ten Associated People:

Eshel Bar-Adon (1), Joel Follman (1)

Recent activity as signatory:

SNL Storage borrowed $34.6 million from Axos Bank for 52-35 74th Street, Elmhurst, Queens on July 28, 2022.

SNL Storage and Equity Resource Investments borrowed $28.6 million from Axos Bank for 581 Austin Place, Longwood, Bronx on May 25, 2022.

SNL Storage sold 1426 39th Street, Kensington, Brooklyn for $2.5 million to Joel Follman on June 24, 2021.

Safe N Lock Self Storage borrowed $13.5 million from Sterling National Bank for N/A Bronx Boulevard, Hunts Point, Bronx on March 17, 2021.

Latest Stories:

• SNL Storage signs $34.6M construction loan with Axos Bank for 54K sf project in Elmhurst (September 07, 2022)

• SNL Storage, Equity Resource sign $28.6M construction loan for storage development in Longwood (July 01, 2022)

• Safe N Lock Storage pays $14.9M to Traditional Casket Corp. for property in Elmhurst (March 30, 2021)

• SNL Storage pays $11.8M to John Livingston for property in Morrisania (March 05, 2021)

• Safe N Lock Storage records purchase contract for warehouse in Elmhurst (August 14, 2020)

• Safe N Lock Storage files plans in Elmhurst, fourth NYC building filed in a month (May 08, 2020)

• Safe N Lock Storage files plans for a 110K sf storage building in Morrisania (May 04, 2020)

• SNL Storage signs contract to buy large warehouse from John Livingston’s Paladino Realty for property in Morrisania (January 30, 2020)

• Safe N Lock Self Storage borrows $35M from Saperean Capital for new construction in Kensington (January 02, 2020)

*The Portfolio Value is a PincusCo estimate based on a property’s recent sale or loan, or multiplying the city’s Market Value by two.

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