Samuel Jemal

(Samuel J. Jemal)

JJ Operating

Owner

110 W 34th St Suite 9th Fl New York, NY 10001

112 W 34th St. #2106 New York, NY 10120

JJ Operating NYC portfolio

$247.7 million* – retail 72%, office 20%, mixed-use 6%; Manhattan 72%, Brooklyn 27%

662th largest portfolio by dollar value

380,789 sqft – office 81%, retail 10%, mixed-use 8%;

776th largest by SF

8 properties – Manhattan 62%, Brooklyn 37%

975th largest

196 residential units – Manhattan 96%, Brooklyn 3%

952th largest by residential units

Person Activity past 24 months:

Borrower signatory: 3 for $231.9 million

Top Ten Associated People:

Kenneth A. Stagnari (3), Yitzchok Katz (1), Jeffrey Horowitz (1), Grace Chiang (1), Haley Holmberg (1), Gordon Reid (1), Paul Verdi (1), James Tucker (1)

Recent activity as signatory:

JJ Operating borrowed $185 million from Apollo Global Management for 278 8th Avenue, 278 8th Avenue, 278 8th Avenue, and 278 8th Avenue, Chelsea, Manhattan on April 11, 2025.

JJ Operating borrowed $7.9 million from Tristate Capital Bank for 542 Fulton Street, Downtown Brooklyn, Brooklyn on June 12, 2024.

JJ Operating borrowed $39 million from Starwood Mortgage Capital for 146 Concord Street, Downtown Brooklyn, Brooklyn on October 13, 2023.

ISJ Management borrowed $55 million from Signature Bank for 249-23 Rockaway Boulevard, 252-25 Rockaway Boulevard, and 253-01 Rockaway Boulevard, None, Queens on December 08, 2022.

ISJ Management, Jemstone Group and Billy Shalom sold 364 Livingston Street and 60 Flatbush Avenue, Boerum Hill, Brooklyn for $25.5 million to Yitzchok Katz on August 25, 2022.

ISJ Management borrowed $9.5 million from Signature Bank for 2477 Grand Concourse, Fordham Heights, Bronx on July 15, 2022.

Jemstone Group borrowed $11.1 million from Signature Bank for 186 Montague Street, Brooklyn Heights, Brooklyn on June 05, 2022.

Jemstone Group borrowed $10 million from Capital One for 2440 Jerome Avenue, Fordham Heights, Bronx on December 28, 2021.

JJ Operating borrowed $135 million from Pacific Western Bank for 258-278 8th Avenue, Chelsea, Manhattan on June 28, 2021.

ISJ Management borrowed $10.3 million from Capital One for 2440 Jerome Avenue, Fordham, Bronx on January 12, 2021.

Latest Stories:

• Goose Property signs $93.7M construction loan for 3-building dev site in Boerum Hill (December 30, 2024)

• Goose Property files plans for 77 units in Downtown Brooklyn, part of 3-building development (November 06, 2024)

• Jemal family’s JJ Operating signs $39M loan with Starwood for office in Downtown Brooklyn (October 24, 2023)

• Yitzchok Katz files plan for second building in Downtown Brooklyn, this with 105 units (February 06, 2023)

• ISJ Management signs $55M refi loan with Signature Bank for three properties in Jamaica (December 30, 2022)

• Yitzchok Katz files plan for 75-unit building in Downtown Brooklyn, paid $25M last month for site (September 30, 2022)

• Yitzchok Katz pays $25.5M to ISJ, Jemstone, Billy Shalom, others for Downtown Brooklyn dev property (September 06, 2022)

• Jemstone Group signs $10M refi with Capital One for retail in Fordham Heights (January 28, 2022)

• JJ Operating signs $135M construction loan with Pacific Western for mixed-use development in Chelsea (July 29, 2021)

• Jemal family’s ISJ Management refi Fordham retail with $10.3M from Capital One (January 28, 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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