Matthew Lembo
Principal
Stellar Management
Owner
44 West 28th Street, 6th Floor New York, NY 10001
156 William Street, 10th Floor New York, NY 10038
Stellar Management NYC portfolio
$4 billion -elevator 67%, office 15%, condo 6%; Manhattan 89%, Brooklyn 5%, Bronx 2%*
48th largest portfolio by dollar value
10,268,547 sqft – elevator 67%, office 10%, walkup 6%; Manhattan 81%, Brooklyn 8%, Queens 6%
33th largest by SF
83 properties – Manhattan 75%, Brooklyn 11%, Bronx 8%
91th largest
7,618 residential units – Manhattan 78%, Brooklyn 11%, Bronx 6%
26th largest by residential units
34 foreclosures, 0 bankruptcies, 4 other court cases.
Person Activity past 24 months:
Seller signatory: 1 for $3.9 million
Top Ten Associated Companies:
Two80 Real Estate Ventures (1), New York Community Bank (1), Stellar Management (1)
Top Ten Associated People:
Jesse Deutch (1), Anne-Marie Francis (1), Jason Deck (1)
Recent activity as signatory:
• Stellar Management sold 248 Wadsworth Avenue for $3.9 million to Two80 Real Estate Ventures on July 17, 2024.
• Stellar Management borrowed $68 million from Helaba for 70 West 97 Street on August 14, 2023.
• Stellar Management borrowed $9.5 million from New York Community Bank for 130 2 Avenue on October 13, 2021.