Michael Capasso

(Michael A. Capasso)

C.A.C. Industries

54-08 Vernon Boulevard Long Island City, NY 11101

C.A.C. Industries NYC portfolio

$65.2 million* – industrial 55%, development 21%; Queens 100%, Manhattan 0%

1570th largest portfolio by dollar value

61,720 sqft – industrial 59%, office 39%;

2565th largest by SF

6 properties – Queens 100%, Manhattan 0%

1374th largest

Person Activity past 24 months:

Buyer signatory: 1 for $9 million

Borrower signatory: 1 for $9 million

Top Ten Associated Companies:

Teamsters Local 810 (1), Dime Bank (1), Sheldon Schiff (1), M&T Bank (1)

Top Ten Associated People:

Michael Smith (1), Sheldon Schiff (1)

Recent activity as signatory:

• C.A.C. Industries borrowed $9 million from Dime Bank for 37-45 24th Street and 37-25 24th Street, Long Island City, Queens on March 17, 2025.

• Teamsters Local 810 sold 37-45 24th Street and 37-25 24th Street, Long Island City, Queens for $9 million to C.A.C. Industries on March 17, 2025.

• C.A.C. Industries borrowed $15 million from M&T Bank for 38-20 Railroad Avenue and 3798 Railroad Avenue, Sunnyside, Queens on February 08, 2022.

• Sheldon Schiff sold 107-10 180th Street, Jamaica, Queens for $13.8 million to C.A.C. Industries on November 30, 2021.

*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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