Stephen Krasman
(Steve Krasman)
Chief Operating Officer
Slate Property Group
(Scale Lending)
Lender
440 Park Avenue South 3rd Floor New York, NY 10016
Slate Property Group NYC portfolio
$3.5 billion -elevator 44%, hotel 18%, industrial 16%; Manhattan 59%, Brooklyn 26%, Queens 10%*
59th largest portfolio by dollar value
4,194,838 sqft – elevator 61%, hotel 21%, walkup 7%; Manhattan 61%, Queens 21%, Brooklyn 14%
102th largest by SF
79 properties – Manhattan 46%, Brooklyn 29%, Queens 13%
98th largest
4,550 residential units – Manhattan 53%, Brooklyn 21%, Queens 21%
56th largest by residential units
0 foreclosures, 0 bankruptcies, 4 other court cases.
Person Activity past 24 months:
Buyer signatory: 1 for $94.5 million
Seller signatory: 1 for $3 million
Borrower signatory: 1 for $69.5 million
Lender signatory: 3 for $327 million
Top Ten Associated Companies:
Beitel Group (3), Sophia Shanfen Zhang (2), Citibank (1), Fundamental Advisors (1), KD Sagamore Capital (1), Clipper Equity (1), JPMorgan Chase (1), Brookfield Properties (1), NYC Housing Development Corporation (1), Raymond Zeitouny (1)
Top Ten Associated People:
Ben Beitel (3), Sophia Zhang (2), Mahesh Aiyer (1), Laurence Gottlieb (1), Charles Dubroff (1), David Bistricer (1), Jessica Wong (1), Ketan Patel (1), Lauren Connors (1), Raymond Zeitouny (1)
Recent activity as signatory:
• Watermark Capital Group borrowed $105 million from Walker & Dunlop for 41-01 24 Street on June 30, 2026.
• Beitel Group borrowed $298.4 million from Barings for 355 Exterior Street on June 24, 2026.
• Beitel Group borrowed $175 million from Varde Partners for 120 East 144 Street on May 20, 2026.
• CSC Real Estate borrowed $108 million from Slate Property Group for None on April 14, 2026.
• Clipper Equity borrowed $140 million from Berkshire Residential Investments for 2378 Bedford Avenue on March 03, 2026.
• Beitel Group borrowed $155 million from Dwight Capital for 315 Grand Concourse on August 07, 2025.
• Beitel Group borrowed $53 million from Slate Property Group for 355 Exterior Street on July 18, 2025.
• Yitzchok Katz borrowed $67 million from Affinius Capital for 570 Fulton Street on May 14, 2025.
• Goose Property Management borrowed $166 million from Slate Property Group for 298 Bergen Street on April 25, 2025.
• Haussman Development and KD Sagamore Capital borrowed $49.5 million from QuadReal Property Group for 996 Fulton Street on March 14, 2025.
• Moshe Braver borrowed $155 million from Arbor Realty Trust for 148 street on February 28, 2025.
• Rabsky Group borrowed $108 million from Madison Realty Capital for 240 Willoughby Street on February 21, 2025.
• Slate Property Group borrowed $69.5 million from Citibank for 49 Pine Street on December 12, 2024.
• McSam Hotel Group and Andrew Rufail sold 49 Pine Street for $94.5 million to Slate Property Group on December 12, 2024.
• Slate Property Group sold 2120 Coyle Street for $3 million to Raymond Zeitouny on December 05, 2024.
• Slate Property Group borrowed $209.8 million from JPMorgan Chase for 145 West 144 Street on August 05, 2024.
• Joyland Group and Loketch Group borrowed $150 million from TPG Real Estate Partners for 26 Boerum Street on July 26, 2024.
• Hope Street Capital borrowed $55 million from Walker & Dunlop for 959 Sterling Place, 959 Sterling Place, 959 Sterling Place, 959 Sterling Place, and 959 Sterling Place, Crown Heights, Brooklyn on June 12, 2024.
• Robert Fischman and Berkoff Supply sold 2138 Coyle Street for $24.4 million to Slate Property Group on May 23, 2024.
• Slate Property Group borrowed $19.5 million from Fundamental Advisors for 2138 Coyle Street on May 23, 2024.
Latest Stories:
• Beitel Group signs $298.4M refi with Barings for 710-unit rental in Mott Haven (July 13, 2026)
• Clipper Equity signs $140M refi with Berkshire for 354-unit rental in Flatbush (March 09, 2026)
• Joyland Group, Allan Lebovits sign $190M refi with Corebridge in Williamsburg (November 19, 2025)
• Beitel Group pays Lightstone $84M for two-building dev site in Mott Haven (July 25, 2025)
• Simon Kaufman signs $70M refi with Greystone for 151-unit rental in Mott Haven (June 23, 2025)