Shulem Herman
(S. Herman)
Owner
706 Myrtle Ave #1B Brooklyn, NY 11205
Shulem Herman NYC portfolio
$221.3 million -hotel 33%, specialty 29%, walkup 16%; Brooklyn 66%, Queens 33%*
906th largest portfolio by dollar value
410,493 sqft – specialty 31%, hotel 28%, walkup 26%; Brooklyn 71%, Queens 28%
967th largest by SF
26 properties – Brooklyn 92%, Queens 7%
385th largest
171 residential units – Brooklyn 100%
1259th largest by residential units
Person Activity past 24 months:
Buyer signatory: 1 for $2.9 million
Borrower signatory: 5 for $39.1 million
Developer (new building or major alteration): 13 for 103,693 square feet
Top Ten Associated Companies:
Signature Bank (3), Central Bridge LLC (2), JPMorgan Chase (2), TD Bank (2), Dime Community Bank (2), Black Spruce Management (1), Eyny Zvi (1), Oak Tree Residential (1), Lancewood Capital (1), Cayuga Capital Management (1)
Top Ten Associated People:
Ursula Flores (2), Nicholas A. LaMorte (2), Joseph Grunwald (2), Joshua Gotlib (1), Eyny Zvi (1), Jeremiah Lucey (1), Stephanie Platzman-Diamant (1), Ryan O. Miller (1), Sara Weisblum (1), Aida Ortega-Cruz (1)
Recent activity as signatory:
• Shulem Herman borrowed $14.3 million from JPMorgan Chase for 1516-1518 Fulton Street, 865 Greene Avenue, 578 Bushwick Avenue, and 1516-1518 Fulton Street, Bedford Stuyvesant, Brooklyn on December 15, 2025.
• Shulem Herman borrowed $11.5 million from JPMorgan Chase for 391 Meeker Avenue on September 05, 2025.
• Oak Tree Residential sold 927 Putnam Avenue for $2.9 million to Shulem Herman on April 09, 2025.
• Central Bridge LLC on March 31, 2025 bought a loan with an original principal of $5.4 million from Blackstone Group, signed by Albert Picallo, secured by 199 Starr Street, when owned by Shulem Herman.
• Central Bridge LLC on December 02, 2024 bought a loan with an original principal of $12.6 million from Capital One, signed by Charlotte Hancock, secured by 459 Bushwick Avenue, when owned by Shulem Herman.
• Shulem Herman borrowed $13.3 million from Bethpage Federal Credit Union for 139 Frost Street on November 14, 2024.
• Shulem Herman for S Herman filed plans for major alteration for 97,943 sqft in North Corona, Queens, on November 13, 2024.
• Shulem Herman borrowed $7 million from Lancewood Capital for 254 Melrose Street on September 08, 2023.
• Marcus Fox sold 147 Bleecker Street for $2 million to Shulem Herman on June 15, 2023.
• Shulem Herman borrowed $5.4 million from Signature Bank for 199 Starr Street on February 15, 2023.
Latest Stories:
• Shulem Herman signs $49M refi with Customers Bank for school in Brownsville (October 01, 2025)
• Shulem Herman pays $2.9M to Oak Tree for 8-unit walkup in Bed Stuy (April 18, 2025)
• Black Spruce sells 81-unit UWS rental for $54.5M (June 27, 2023)
• Shulem Herman pays $8.5M to Cayuga Capital for industrial in Bushwick (February 23, 2023)
• Black Spruce pays $36M for rental in Upper West Side (December 20, 2021)
• Shulem Herman pays $25M to RiverBrook Equities for hotel in Arverne (September 09, 2021)
• Shulem Herman obtained financing of $13M from CAPITAL ONE (July 16, 2019)