Steven Hurwitz
(Steve Hurwitz)
President
CAVU Property Group
Developer, Owner
2233 Nostrand Ave., Brooklyn, NY 11210
1360 East 28th Street Brooklyn NY 11210
CAVU Property Group NYC portfolio
$208 million -industrial 41%, development 29%, elevator 17%; Brooklyn 56%, Queens 40%, Bronx 3%*
949th largest portfolio by dollar value
175,004 sqft – elevator 34%, D6 32%, industrial 22%; Brooklyn 69%, Queens 22%, Bronx 7%
1732th largest by SF
17 properties – Brooklyn 76%, Queens 17%, Bronx 5%
613th largest
278 residential units – Brooklyn 92%, Bronx 7%
896th largest by residential units
Other Links:
Person Activity past 24 months:
Buyer signatory: 2 for $34 million
Borrower signatory: 3 for $64.6 million
Developer (new building or major alteration): 46 for 469,639 square feet
Top Ten Associated Companies:
Jay Kestenbaum (4), Popular Bank (3), Webster Bank (2), Ponce Bank (1), City National Bank (1), David Gross (1), Levon Capital (1), Valley National Bank (1), Jackson Group (1)
Top Ten Associated People:
Jay Kestenbaum (2), Yonathan Whitehouse (2), Steven A. Tsavaris (1), Gary Hoffson (1), David Gross (1), Ann S. Wilhelm (1), Elliott Chehebar (1)
Recent activity as signatory:
• CAVU Property Group borrowed $45.6 million from Ponce Bank for 38-10 33 Street on August 07, 2026.
• Steven Hurwitz filed plans for new building for 86,146 sqft in Woodside, Queens, on September 16, 2025.
• Steven Hurwitz filed plans for new building for 86,152 sqft in Woodside, Queens, on September 16, 2025.
• Steven Hurwitz filed plans for new building for 81,123 sqft in Long Island City, Queens, on August 04, 2025.
• Steven Hurwitz filed plans for new building for 82,274 sqft in Long Island City, Queens, on August 04, 2025.
• Steven Hurwitz filed plans for new building for 78,510 sqft in Long Island City, Queens, on August 04, 2025.
• Jay Kestenbaum sold 38-19 32 Street for $18.5 million to CAVU Property Group on June 24, 2025.
• Jay Kestenbaum sold 38-10 33 Street for $15.5 million to CAVU Property Group on June 24, 2025.
• CAVU Property Group borrowed $14 million from Jay Kestenbaum for 38-10 33 Street on June 24, 2025.
• CAVU Property Group borrowed $5 million from Jay Kestenbaum for 38-19 32 Street on June 24, 2025.
• CAVU Property Group borrowed $5.8 million from Valley National Bank for 157 West Kingsbridge Road on August 20, 2024.
• CAVU Property Group borrowed $18 million from Webster Bank for 1595 GARAGE New York Avenue on August 06, 2024.
• CAVU Property Group borrowed $19.5 million from Levon Capital for 2261 Nostrand Avenue on June 21, 2024.
• CAVU Property Group borrowed $41.1 million from Popular Bank for 3003 Avenue I on June 11, 2024.
• Steven Hurwitz filed plans for new building for 33,921 sqft in Flatlands, Brooklyn, on May 31, 2023.
• CAVU Property Group borrowed $6.5 million from Popular Bank for 3003 Avenue I on May 23, 2023.
• Jackson Group sold 3003 Avenue I for $12.8 million to CAVU Property Group on May 23, 2023.
• Steven Hurwitz borrowed $13.7 million from Popular Bank for None on December 20, 2022.
• David Gross sold None for $6.8 million to Steven Hurwitz on December 20, 2022.
• The borrower borrowed $15 million from City National Bank for 3410 Farragut Road on July 21, 2022.
Latest Stories:
• CAVU Property Group pays $34M to Jay Kestenbaum for possible dev site in LIC (July 10, 2025)
• CAVU Property Group signs $18M refi for six properties in East Flatbush (August 15, 2024)
• CAVU Property signs $19.5M construction loan for retail, office in Flatlands (July 01, 2024)
• CAVU Property Group signs $41.1M construction loan for development in Flatlands (June 26, 2024)
• CAVU Property Group plans 34K sf retail, office building (June 06, 2023)
• Jackson Group plans 67-unit building in Flatlands (June 06, 2023)
• CAVU Property Group pays $12.8M to Jackson Group for development in Flatlands (May 30, 2023)