Richard Herman
(Rick Herman)
Vice President
Prana Investments
Owner
Prana Investments portfolio
$243.6 million* – walkup 63.0%, elevator 35.0%; Bronx 66.0%, Manhattan 33.0%
254th largest portfolio by dollar value
3,280,418 sqft – walkup 60.0%, elevator 39.0%;
93th largest by SF
100 properties – Bronx 74%, Manhattan 26%
85th largest
3,615 residential units – Bronx 75.0%, Manhattan 24.0%
48th largest by residential units
Person Activity past 24 months:
Borrower signatory: 4 for $46.4 million
Top Ten Associated Companies:
ConnectOne Bank (4), Peapack-Gladstone Bank (3), John T. Satriale (2), Dime Community Bank (2), Signature Bank (2), Denali Management (1), New York Community Bank (1), Alen Ardan (1), Amy Hui (1), Richard Cohen (1)
Top Ten Associated People:
Stephen Toth (3), John T. Satriale (2), Jonathan N. Wiener (1), Anthony Simari (1), Michael Mirotznik (1), Richard Cohen (1), Mark Mehlman (1), Richard Scharf (1), Michael Strauss (1), Morris Lieberman (1)
Recent activity as company:
• Prana Investments borrowed $5.6 million from ConnectOne Bank for 2523-2525 University Avenue, Fordham Manor, Bronx on October 15, 2024.
• Prana Investments borrowed $9.4 million from ConnectOne Bank for 55 West 129th Street, 224 West 141st Street, 2570 Adam C Powell Blvd, 2572 Adam C Powell Blvd, 216 West 141st Street, and others, Harlem, Manhattan on October 15, 2024.
• Prana Investments borrowed $20 million from ConnectOne Bank for 1075 Gerard Avenue and 1065 Gerard Avenue, Concourse, Bronx on October 15, 2024.
• Prana Investments borrowed $11.3 million from ConnectOne Bank for 2719 Morris Avenue and 2718 Morris Avenue, Fordham Manor, Bronx on November 09, 2023.
• Prana Investments sold 210-220 Nagle Avenue, Inwood, Manhattan for $3.7 million to Abro Management on October 05, 2022.
• Prana Investments borrowed $6.2 million from Dime Community Bank for 830 West 177th Street, Washington Heights, Manhattan on June 21, 2022.
• East Coast Holdings sold 830 West 177th Street, Washington Heights, Manhattan for $8.3 million to Park Avenue South Management on June 21, 2022.
• Richard Cohen sold 2440 Webb Avenue, Fordham Manor, Bronx for $2.2 million to Park Avenue South Management on June 16, 2022.
• Prana Investments borrowed $5.8 million from Signature Bank for 160 Audubon Avenue, Washington Heights, Manhattan on March 31, 2022.
• Amy Hui sold 160 Audubon Avenue, Washington Heights, Manhattan for $7.8 million to Prana Investments on March 31, 2022.
Latest Stories:
• Abro Management pays $3.7M to Prana Investments for retail in Inwood (October 06, 2022)
• Prana pays $7.8M for 55-unit elevator building in Washington Heights (April 01, 2022)
• Denali pays $11.5M to Prana for 73-unit elevator building in Morris Heights (February 08, 2022)
• Prana Investments pays $3.2M for 20-unit rental in Harlem (November 23, 2021)
• Prana Investments pays $13M to Lilmor Management for two rentals in Inwood (October 27, 2021)
• Prana Investments pays $7.3M for rental in Morrisania (August 19, 2021)
• Prana Investments pays $10M to Elizabeth Crane for property in Highbridge (October 15, 2020)