Marlon Lerer
Director Real Estate
Cedar Park Capital
(Cedar Park Capital Management, Cedar Park Capital Partners, UG Real Estate Partners)
Owner
Private Equity
65 E. 55th Street 31st floor New York NY 10022
Cedar Park Capital NYC portfolio
$57.6 million -walkup 47%, elevator 45%, mixed-use 6%; Brooklyn 54%, Queens 45%*
2073th largest portfolio by dollar value
195,419 sqft – elevator 68%, walkup 26%, mixed-use 5%; Queens 68%, Brooklyn 31%
1588th largest by SF
10 properties – Brooklyn 90%, Queens 10%
1050th largest
177 residential units – Queens 63%, Brooklyn 36%
1237th largest by residential units
Other Links:
Person Activity past 24 months:
Buyer signatory: 9 for $53.9 million
Borrower signatory: 2 for $34.9 million
Top Ten Associated Companies:
Black Spruce Management (8), Citizens Bank (2), Sheldon Hoffman (1)
Top Ten Associated People:
Joshua Gotlib (8), Garrett Sokoloff (2), Sheldon Hoffman (1)
Recent activity as signatory:
• Sheldon Hoffman sold 68-64 Yellowstone Boulevard for $26.5 million to Cedar Park Capital on January 29, 2026.
• Black Spruce Management sold 657 Meeker Avenue for $4.3 million to Cedar Park Capital on April 15, 2025.
• Black Spruce Management sold 669 Meeker Avenue for $4 million to Cedar Park Capital on April 15, 2025.
• Black Spruce Management sold 3 Sutton Street for $3.4 million to Cedar Park Capital on April 15, 2025.
• Black Spruce Management sold 5 Sutton Street for $3.3 million to Cedar Park Capital on April 15, 2025.
• Black Spruce Management sold 164 Kingsland Avenue for $3.2 million to Cedar Park Capital on April 15, 2025.
• Black Spruce Management sold 170 Kingsland Avenue for $3.2 million to Cedar Park Capital on April 15, 2025.
• Black Spruce Management sold 665 Meeker Avenue for $3 million to Cedar Park Capital on April 15, 2025.
• Black Spruce Management sold 661 Meeker Avenue for $2.9 million to Cedar Park Capital on April 15, 2025.
• Cedar Park Capital borrowed $17.7 million from Citizens Bank for 673 Meeker Avenue on April 15, 2025.