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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.
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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
- Publication Date 02/06/2018
- Event Date 02/02/2018
- Party 1 Read Property Group
- Party 2 Red Apple Group
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
- Publication Date 11/01/2014
- Event Date 09/17/2014
- Party 1 Read Property Group, Princeton Holdings
- Party 2 Rabsky Management
- Event Sales
- Address 142 North 6th Street
- Neighborhood Williamsburg
- Borough Brooklyn
- Price $ 38,000,000
- Publication Date 08/01/2012
- Event Date 06/17/2012
- Party 1 Read Property Group
- Party 1 Broker David Behin
- Party 2 Steiner Studios
- Party 2 Brokerage MNS
- Party 2 Broker David Behin
Brooklyn, 11205
CLERMONT PARK ASSOCIATES LLC
CLERMONT PARK ASSOCIATES LLC
65 Clermont Avenue is a 14,479 square foot property built in 2001 in...
Brooklyn, 11217
Read Property Group, PACIFIC 670-674, LLC
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
ALL YEAR MANAGEMENT, EVERGREEN GARDENS LLC
This property is a new development. The developer(s) filed plans in October of...
Brooklyn, 11217
Read Property Group, PACIFIC 670-674, LLC
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
ALL YEAR MANAGEMENT, EVERGREEN GARDENS LLC
This property is a new development. The developer(s) filed plans in October of...
