Shulem Herman

(S. Herman)

Owner

706 Myrtle Ave #1B Brooklyn, NY 11205

Shulem Herman NYC portfolio

$225.7 million -hotel 32%, specialty 28%, walkup 17%; Brooklyn 67%, Queens 32%*

984th largest portfolio by dollar value

425,137 sqft – specialty 30%, walkup 28%, hotel 27%; Brooklyn 72%, Queens 27%

1017th largest by SF

27 properties – Brooklyn 92%, Queens 7%

421th largest

194 residential units – Brooklyn 100%

1246th largest by residential units

Person Activity past 24 months:

Buyer signatory: 2 for $7.3 million

Borrower signatory: 5 for $39.1 million

Developer (new building or major alteration): 14 for 103,693 square feet

Top Ten Associated Companies:

Signature Bank (3), Dime Community Bank (2), TD Bank (2), Central Bridge LLC (2), JPMorgan Chase (2), Cayuga Capital Management (1), Marcus Fox (1), Broadview Funding (1), Black Spruce Management (1), Eyny Zvi (1)

Top Ten Associated People:

Nicholas A. LaMorte (2), Joseph Grunwald (2), Ursula Flores (2), Ryan O. Miller (1), Sara Weisblum (1), Joshua Gotlib (1), Eyny Zvi (1), Aida Ortega-Cruz (1), Steven Mendel (1), Jeremiah Lucey (1)

Recent activity as signatory:

• Davis Management Associates sold None for $4.4 million to Shulem Herman on July 27, 2026.

• 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.