Yitzchak Tessler
Tessler Developments
Tessler Developments portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$23.5 million – office 61.0%, condo 38.0%; Brooklyn 61.0%, Manhattan 38.0%
1559th largest portfolio by dollar value
96,341 sqft – office 84.0%, condo 15.0%;
1955th largest by SF
6 properties – Manhattan 66%, Brooklyn 33%
152th largest
15 foreclosures, 1 bankruptcy, 14 other court cases.
Person Activity past 24 months:
Buyer signatory: 0 for $0
Seller signatory: 0 for $0
Borrower signatory: 1 for $15.5 million
Lender signatory: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
Signature Bank (1)
Top Ten Associated People:
Michael Riegler (1)
Recent activity as signatory:
• Tessler Developments borrowed $15.5 million from Signature Bank for 260 Park Avenue South, 260 Park Avenue South, 260 Park Avenue South, and 260 Park Avenue South, Flatiron District, Manhattan on January 23, 2023.
• Yitzchak Tessler filed plans for major alteration for 185,471 sqft in Flatiron District, Manhattan, on April 14, 2022.