Mark Seigel

(Mark A. Seigel)

Real Estate Equities Corporation

Owner, Developer

Real Estate Equities Corporation NYC portfolio

$280.9 million* – mixed-use 63.0%, development 36.0%; Manhattan 100.0%, Bronx 0.0%

569th largest portfolio by dollar value

43,803 sqft – mixed-use 100%, development 0%;

3063th largest by SF

10 properties – Manhattan 100%, Bronx 0%

824th largest

11 residential units – Manhattan 100%, Bronx 0%

3939th largest by residential units

Top Ten Associated Companies:

Parkview Financial (1), Raven Capital Management (1), Related Companies (1)

Top Ten Associated People:

Ted Jung (1), Brian Sedrish (1)

Recent activity as company:

Real Estate Equities Corporation borrowed $60.5 million from Raven Capital Management for 156 Bowery, 162 Bowery, 164 Bowery, 166 Bowery, 160 Bowery, and others, Nolita, Manhattan on September 19, 2022.

Real Estate Equities Corporation borrowed $70 million from Parkview Financial for 23 Third Avenue, 25 Third Avenue, and 3 St Marks Place, East Village, Manhattan on June 23, 2022.

Real Estate Equities Corporation borrowed $40 million from Related Companies for 2226 3rd Avenue, East Harlem, Manhattan on November 23, 2021.

Latest Stories:

• Kinsmen refiles demo plans where Brandon Miller proposed 72K office building (October 03, 2024)

• REEC signs $60.5M land loan with Raven Capital for 72K sf dev project in Nolita (September 19, 2022)

• REEC signs $70M refi with Parkview Financial for dev site in East Village (June 24, 2022)

• REEC signs $40M construction loan with Related for East Harlem project Nightingale to buy (November 24, 2021)

• Madison Realty files $48M pre-foreclosure at REEC site in East Village (August 13, 2021)

• Nightingale Properties in contract to buy from Real Estate Equities Corp. mixed-use building in East Harlem (May 26, 2021)

• REEC to demolish two-story building in East Harlem where it signed $27M lease (October 21, 2020)

• Real Estate Equities Corp. signs $50M ground lease with Kinsmen for Bowery buildings in Nolita (September 02, 2020)

• Brandon Miller and Mark Seigel’s REEC inks 99-year ground lease valued at $27M in East Harlem (March 10, 2020)

• Real Estate Equities Corp. borrows $48M from Heritage Capital Management of South Korea for development property in East Village (November 14, 2019)

Court Records:

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*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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