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
$166 million -development 36%, industrial 26%, elevator 21%; Brooklyn 70%, Queens 25%, Bronx 4%*
1090th largest portfolio by dollar value
175,004 sqft – elevator 34%, D7 32%, industrial 22%; Brooklyn 69%, Queens 22%, Bronx 7%
1706th largest by SF
17 properties – Brooklyn 76%, Queens 17%, Bronx 5%
594th largest
364 residential units – Brooklyn 94%, Bronx 5%
756th largest by residential units
Person Activity past 24 months:
Buyer signatory: 2 for $34 million
Borrower signatory: 6 for $103.4 million
Developer (new building or major alteration): 36 for 469,639 square feet
Top Ten Associated Companies:
Jay Kestenbaum (4), Popular Bank (3), Webster Bank (2), City National Bank (1), David Gross (1), Valley National Bank (1), Levon Capital (1), Jackson Group (1)
Top Ten Associated People:
Jay Kestenbaum (2), Yonathan Whitehouse (2), Gary Hoffson (1), David Gross (1), Ann S. Wilhelm (1), Elliott Chehebar (1)
Recent activity as signatory:
• 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.
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)