Michael Steg
Owner
Michael Steg portfolio
$16.9 million* – industrial 100%; Queens 100%, Manhattan 0%
1954th largest portfolio by dollar value
269,189 sqft – industrial 100%;
967th largest by SF
5 properties – Queens 100%, Manhattan 0%
1567th largest
Top Ten Associated Companies:
Signature Bank (1)
Top Ten Associated People:
Jesse Punn (1)
Recent activity as company:
• Michael Steg borrowed $20 million from Signature Bank for 40-29 21st Street, 40-18 22nd Street, 21-02 40th Avenue, 21-22 40th Avenue, and 40-24 22nd Street, Long Island City, Queens on October 06, 2022.
Latest Stories:
• Michael Steg signs $20M refi for five industrial properties in Long Island City (October 07, 2022)
• Elms Realty Corp. files plans to convert five floors to offices in Queens (May 08, 2020)
Properties:
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*The Portfolio Value is the city’s Market Value, which is typically 50% or less of actual market value.