Matthew Lembo
Principal
Stellar Management
Owner
Stellar Management NYC portfolio
$5.6 billion* – elevator 58.0%, industrial 19.0%; Manhattan 90.0%, Brooklyn 5.0%
19th largest portfolio by dollar value
10,793,066 sqft – elevator 72%, office 9%;
22th largest by SF
85 properties – Manhattan 77%, Bronx 11%
87th largest
8,157 residential units – Manhattan 74%, Bronx 15%
15th largest by residential units
0 foreclosures, 0 bankruptcies, 4 other court cases.
Person Activity past 24 months:
Seller signatory: 1 for $3.9 million
Lender signatory: 1 for $68 million
Top Ten Associated Companies:
Two80 Real Estate Ventures (1), Stellar Management (1), New York Community Bank (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, Washington Heights, Manhattan for $3.9 million to Two80 Real Estate Ventures on July 22, 2024.
• Stellar Management borrowed $68 million from Helaba for 50 West 97th Street, Upper West Side, Manhattan on August 29, 2023.
• Stellar Management borrowed $9.5 million from New York Community Bank for 130 2nd Avenue, East Village, Manhattan on November 18, 2021.
Latest Stories:
• Two80 Real Estate pays $3.9M to Stellar for 26-unit walkup in Washington Heights (July 23, 2024)
• Stellar Management signs $68M refi for 247-unit rental on UWS (August 30, 2023)