Read Property Group | The Real Deal New York

The Real Deal New York

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Read Property Group

4706 18th Avenue
Brooklyn, NY 11204
(718) 972-7878
Website
aklein@readpropertygroup.com
Read Property Group

Read Property Group is a Brooklyn-based real estate developer that was founded in 1993. Read Property has been a prolific builder in Brooklyn in recent years, and some of its gambles have turned into home runs. In 2014, it successfully flipped a Bushwick site it purchased for $6 million in a foreclosure auction into a $58 million luxury apartment building. The sale was considered a milestone for the up-and-coming Bushwick neighborhood and earned Read Property accolades for selling the property before a single unit had been leased. Read Property also has plans to develop the old Rheingold brewery into a 10-building apartment project, but has faced community backlash over the amount of affordable housing in the project plans. Read would gift some of the lots to a local housing nonprofit in 2015 and also sold off parcels of the project to other developers. Read has not been wedded to New York City: In 2014, it purchased the 120-unit Windsong Club Apartments in Naples, Florida, for $8.4 million.


06/04/18
...the property, while the other 40 percent belongs to Read Property Group. 7. An American in Jamaica – $50 million Goldman Sachs loaned United American Land $50 million for its...

06/01/18
...Cabrini, revisited – $280 million Chetrit Group, Clipper Equity and Read Property Group got a new injection of debt for their redevelopment of the Cabrini Medical Center...

05/07/18
...the project in February from Robert Wolf’s Read Property Group for $69.2 million through a 1031 exchange. 8. In the (Crown) Heights — $44.7 million GRJ Real Estate received...

05/02/18
...of investors — the Chetrit Group, Assa Properties and Read Property Group — decided to keep the 108 units as rentals. Chetrit also backed out of a $1.4 billion...

04/27/18
...Pacific Street, $69.2 million Buyer: Red Apple Group Seller: Read Property Group John Catsimatidis’ Red Apple Group bought this newly developed Brooklyn apartment building in Prospect...

04/23/18
...has a 60 percent stake in the building, while Read Property Group owns the other 40 percent. – Eddie Small...

04/11/18
...partnership comprised of Chetrit Group, Assa Properties and Read Property Group -- withdrew plans to convert the rental units into condos as the sale closed...

04/11/18
...under development by Chetrit Group, Clipper Equity and Read Property Group, in a $380 million debt package, replacing loans in the amount of $345 million that were...

03/27/18
...investors, consisting of Chetrit Group, Assa Properties and Read Property Group, had planned 108 below-market apartments at the 515 Ninth Avenue address. “Assa Properties and its partners...

03/01/18
...Catsimatidis acquired the property from Robert Wolf’s Read Property Group for $69.2 million in February. The deal was done through a 1031 exchange with proceeds from...

02/14/18
...Properties. Harry and Alex Adjmi, Robert Wolf of Read Property Group, Greystone Company’s Stephen Rosenberg, Gideon Asset Management’s JoJo Chehebar and Treetop Development...

02/02/18
...in Prospect Heights for $69.2 million. Robert Wolf’s Read Property Group is the seller of the eight-story, 86-unit building at 670 Pacific Street. Catsimatidis told The...

08/30/17
...Maiden Lane, span 583,000 square feet. Robert Wolf’s Read Property Group and the Chetrit Group were the property’s sole owners until 2014, when Normandy and...

05/08/17
...by CEO Mark Finerman, recently lent $85 million to Read Property Group and Princeton Holdings for 930 Flushing Avenue in Brooklyn, as well as $60 million to the...

04/20/17
...Credit: LinkedIn and Google Maps) Robert Wolf’s Read Property Group and Joseph Tabak’s Princeton Holdings landed an $85 million loan for a piece of...

...Two longtime real estate investors, Robert Wolf’s Read Property Group and Joseph Tabak’s Princeton Holdings, spent years amassing all the parcels for an...

06/15/16
...Melrose Street from Princeton Holdings’ Joseph Tabak and Read Property Group’s Robert Wolf in November for $68.5 million. Then, in April, it picked up the...

04/14/16
...Capital. Tabak and fellow investor Robert Wolf of Read Property Group recently sold a piece of the former Rheingold Brewery site in Bushwick to Brooklyn...

04/08/16
...Tabak’s Princeton Holdings and Robert Wolf’s Read Property Group for another parcel at the location. Goldman’s Williamsburg-based All Year Management closed on...

...you end up with 20 percent of the deal.” Read Property Group: The savvy investor Heads turned when veteran investor Robert Wolf received city approval in...

11/23/15
...either Simon Dushinsky’s Rabsky Group or partner Read Property Group. The City Council voted ‘yea’ to rezone the Rheingold site residential back in 2013, but...

11/05/15
...Tabak of Princeton Holdings and Robert Wolf of Read Property Group, according to the filing. The deal closed Oct. 13. The site, located between Evergreen Avenue...

06/23/15
...in Bushwick. The original developer of the site, Read Property Group, received approvals only after it agreed to include 30 percent affordable units. Local officials want...

11/20/14
...Dekalb Avenue, between Evergreen and Bushwick avenues, from Read Property Group for $58 million. Leasing launched that same month, in April. Massey Knakal Realty Services’ Stephen...

11/17/14
Clockwise from left: renderings of 848 East 149th Street, the New York Wheel on Staten Island and 1680 Pelham Parkway The Bronx boomed in October....
  • Event Financing
  • Address 224 East 20th Street
  • Neighborhood Gramercy
  • Borough Manhattan
  • Price $ 380,000,000
  • Publication Date 04/17/2018
  • Event Date 04/10/2018
  • Party 1 Chetrit Group, Clipper Equity, Read Property Group
  • Party 2 SL Green Realty
notes
The partnership secured a $380 million loan to refinance Gramercy Square in Gramercy.
  • Event Sales
  • Address 670 Pacific Street
  • Neighborhood Prospect Heights
  • Borough Brooklyn
  • Square feet 83,828
  • Price $ 69,200,000
notes
The buyer acquired the 8-story building in Prospect Heights for $69.2 million.
  • Event Sales
  • Address 80-90 Maiden Lane
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 583,000
  • Price $ 54,000,000
  • Publication Date 10/01/2017
  • Event Date 09/06/2017
  • Party 1 Read Property Group
  • Party 2 Normandy Real Estate
notes
The real estate firm acquired a stake in the properties.
  • Event Sales
  • Address Bushwick Avenue
  • Neighborhood Bushwick
  • Borough Brooklyn
  • Price $ 53,000,000
  • Event Sales
  • Address 142 North 6th Street
  • Neighborhood Williamsburg
  • Borough Brooklyn
  • Price $ 38,000,000
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This property is a new development. The developer(s) filed plans in October of...
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Rabsky Group, BUSHWICK HOLDINGS, LLC
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Read Property Group, PACIFIC 670-674, LLC
670 Pacific Street is a 61,221 square foot building in the Prospect Heights...
Brooklyn, 11206
ALL YEAR MANAGEMENT, EVERGREEN GARDENS LLC
This property is a new development. The developer(s) filed plans in October of...
Brooklyn, 11206
Rabsky Group, BUSHWICK HOLDINGS, LLC
...