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%*
60th 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%
103th largest
4,550 residential units – Manhattan 53%, Brooklyn 21%, Queens 21%
59th 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: 2 for $279.3 million
Lender signatory: 3 for $327 million
Top Ten Associated Companies:
Beitel Group (3), Sophia Shanfen Zhang (2), Raymond Zeitouny (1), Brookfield Properties (1), PCCP (1), NYC Housing Development Corporation (1), McSam Hotel Group (1), Andrew Rufail (1), Robert Fischman (1), Berkoff Supply (1)
Top Ten Associated People:
Ben Beitel (3), Sophia Zhang (2), Raymond Zeitouny (1), Ketan Patel (1), William R. Lindsay (1), Lauren Connors (1), Andrew Roufail (1), Robert Fischman (1), Charles Dubroff (1), Jeffrey Horowitz (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.
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)