Michael Ostad
Michael Ostad
Owner
60 Madison Avenue, Suite 101, New York, New York 10010
185 Madison Ave 10th Floor New York, NY 10016
Michael Ostad|Flatiron Realty Capital NYC portfolio
$178.3 million -mixed-use 49%, walkup 45%, retail 3%; Brooklyn 57%, Manhattan 39%, Bronx 3%*
1050th largest portfolio by dollar value
192,993 sqft – mixed-use 48%, walkup 47%, retail 1%; Brooklyn 57%, Manhattan 40%, Bronx 1%
1626th largest by SF
35 properties – Brooklyn 74%, Manhattan 22%, Bronx 2%
280th largest
210 residential units – Manhattan 59%, Brooklyn 40%
1134th largest by residential units
59 foreclosures, 0 bankruptcies, 16 other court cases.
Notes
Michael Ostad invests in real estate and is a lender through Flatiron Realty Capital.
Person Activity past 24 months:
Buyer signatory: 1 for $18 million
Borrower signatory: 6 for $160.3 million
Top Ten Associated Companies:
Derby Copeland Capital (2), Citibank (2), Bank of Montreal (1), Flatiron Realty Capital (1), Frank Fea (1), J. Safra Real Estate (1)
Top Ten Associated People:
Jesse Hutcher (1), Michael Birajiclian (1), Anna Gutteridge (1), Frank Fea (1), Jonathan Misher (1), Carlos Bertaco (1), Gina Sutt Malul (1), Daniel Kaufman (1)
Recent activity as signatory:
• Michael Ostad borrowed $13 million from Citibank for 142 Sullivan Street on May 29, 2026.
• Michael Ostad borrowed $4.1 million from Bank of Montreal for 1257 St Lawrence Avenue on May 19, 2026.
• J. Safra Real Estate sold 161 Prince Street for $18 million to Michael Ostad and Edward Ostad on January 13, 2026.
• Michael Ostad and Edward Ostad borrowed $17.2 million from Derby Copeland Capital for 161 Prince Street on January 13, 2026.
• Michael Ostad borrowed $28.8 million from Citibank for 714 Greenwich Street on November 19, 2025.
• Michael Ostad and Edward Ostad borrowed $7.2 million from Flatiron Realty Capital for 1739 2 Avenue on February 10, 2025.
• Michael Ostad and Edward Ostad borrowed $90 million from Derby Copeland Capital for 194 Flatbush Avenue on January 10, 2025.
• Frank Fea sold 1257 St Lawrence Avenue for $2.4 million to Michael Ostad and Edward Ostad on December 20, 2023.
Latest Stories:
• Michael Ostad pays $18M to J. Safra Real Estate for two walkups in SoHo (January 22, 2026)
• Michael Ostad signs $28.8M refi for five walkups in Manhattan (December 05, 2025)
• Two Ostad brothers sue third to dissolve portfolio LLCs with $79.7M in debt (April 15, 2025)
• Edward Ostad pays $4.4M for 8-unit walkup on Yorkville corner (February 17, 2025)
• Edward Ostad pays $21.9M for four walkups in Manhattan (April 01, 2024)
Court Records: