Naor Shalem
Prestige Properties & Development
Owner
Prestige Properties & Development NYC portfolio
$937.6 million -mixed-use 44%, retail 41%, industrial 12%; Bronx 93%, Queens 6%*
298th largest portfolio by dollar value
2,520,939 sqft – retail 40%, industrial 31%, mixed-use 28%; Bronx 92%, Queens 7%
210th largest by SF
16 properties – Bronx 93%, Queens 6%
705th largest
Person Activity past 24 months:
Borrower signatory: 3 for $604.5 million
Top Ten Associated Companies:
JPMorgan Chase (2), Principal Real Estate Investors (1), BankUnited (1)
Top Ten Associated People:
Jennifer R. Lewin (2), Kelly McVicker (1), Diane L. Calvert (1), Brian Gilmore (1)
Recent activity as signatory:
• Prestige Properties & Development borrowed $280 million from JPMorgan Chase for 200 Baychester Avenue on October 31, 2025.
• Prestige Properties & Development borrowed $44.5 million from Principal Real Estate Investors for 176-70 Union Turnpike on May 06, 2025.
• Prestige Properties & Development borrowed $280 million from JPMorgan Chase for Bay plaza on September 17, 2024.
• Prestige Properties & Development borrowed $31 million from BankUnited for 350 Baychester Avenue on December 21, 2023.