[sheet: Cover]

Field	Detail
Matter	Caldwell v. Caldwell
Court	New York Supreme Court, New York County, Matrimonial Part 7
Index No.	312847/2022
Presiding Justice	Hon. Patricia K. Lessing
Petitioner	Jonathan R. Caldwell
Respondent	Dr. Elena M. Caldwell (née Baranova)
Petitioner's Counsel	Calderwood & Harkness LLP (Priya Anand, Esq., Responsible Partner)
Respondent's Counsel	Whitford Garza & Stein LLP (Rachel Whitford, Esq.)
Date of Marriage	June 21, 2008
Date of Separation	April 3, 2022
Date Action Filed	June 14, 2022
Prepared By	James Underwood, Esq. and Nadia Petrov, Esq., Calderwood & Harkness LLP
Date Prepared	January 2023 (updated through May 12, 2023 settlement)
Status	PRIVILEGED AND CONFIDENTIAL — ATTORNEY WORK PRODUCT
Client's Forensic Accountant	Martin Hague, CPA — Hague Thornton & Associates CPAs
Client's Business Valuator	Dr. Vivian Osei, CFA, ASA — Pinnacle Valuation Group LLC
Respondent's Forensic Accountant	Catherine Ng, CPA — Ng Barker & Cole LLP

[sheet: Separate Property — Mr. Caldwel]

Asset Description	Account / Property ID	Holder / Custodian	Value at Marriage — June 2008	Current Appraised Value — 2022	Appreciation	Characterization — Mr. Caldwell's Position	Characterization — Dr. Caldwell's Position	Settlement Treatment	Notes
Caldwell Realty Holdings LP — 3 Pre-Marital Properties	EIN: 27-1924683	Caldwell Realty GP LLC (GP); Trident National Bank (lender)	$11,400,000	$28,600,000	$17,200,000	Separate property; appreciation is passive (market-driven)	Active appreciation of $17.2M due to Mr. Caldwell's personal management efforts during marriage; should be marital property	$5,800,000 credited as marital property (negotiated)	Allocated debt on pre-marital properties: $6.2M; net equity: $22.4M. Respondent argues active appreciation under NY equitable distribution principles.
Brokerage Account — Mercer & Hall Securities LLC	Acct. ending 4477	Mercer & Hall Securities LLC, 399 Park Avenue, 16th Floor, NY 10022	$6,800,000	$14,300,000	$7,500,000	Separate property; passive appreciation	Argues inadequate disclosure of this account in prenup Schedule A	Retained by Mr. Caldwell as separate property	Pre-marital asset. Dr. Caldwell alleges this account was not fully disclosed at time of prenup execution.
Pre-Marital Cash and Savings	Various	Various institutions	$4,200,000	$0	N/A	Deployed into marital assets during marriage	Commingled — now marital	Treated as deployed; accounted for in marital estate	Original $4.2M cash was used to acquire marital assets during the marriage.
Miscellaneous (Art, Vehicles, Personal Property)	Various	—	$2,800,000	$3,900,000	$1,100,000	Separate property	Passive appreciation — not contested	Retained by Mr. Caldwell	Includes pre-marital art, automobiles, collectibles.
Subtotal — Identifiable Separate Assets	$25,200,000	$46,800,000	$25,800,000	Excludes $4.2M cash redeployed (shown at $0 current value)
TOTAL — Mr. Caldwell Separate Property (Per Schedule A)	$25,200,000	$46,800,000	$25,800,000	Current value reflects $28.6M RE + $14.3M brokerage + $0 cash + $3.9M misc = $46.8M. Original Schedule A total: $25.2M.

[sheet: Separate Property — Dr. Caldwel]

Asset Description	Account / Property ID	Value at Marriage — June 2008	Current Value — 2022	Characterization	Notes
Pre-Marital Savings	Per Schedule B	$310,000	$0	Separate property — largely spent during marriage	Disclosed per prenup Schedule B at $310,000.
Baranova Dermatology & Aesthetics PLLC	EIN: 46-3827194	N/A (practice founded pre-marriage; degree earned pre-marriage)	$2,400,000	Separate property — agreed value	Annual revenue ~$1.9M. Two locations: 1120 Park Ave, Suite 3A, NY 10128 and 200 W 57th St, Suite 607, NY 10019. Both parties agree on $2.4M value. Offset against marital estate in distribution.
TOTAL — Dr. Caldwell Separate Property	$310,000	$2,400,000	Current value reflects PLLC agreed value; pre-marital savings largely spent.

[sheet: Marital Assets — Detail]

Asset No.	Asset Description	Entity / Account	Title Holder	Date Acquired	Original Cost / Basis	Mr. Caldwell's Valuation Position	Dr. Caldwell's Valuation Position	Settlement Value	Category	Notes
1	Caldwell Meridian Capital LLC — 85% Interest	CMC; EIN: 26-4831057	Jonathan R. Caldwell (85%); Derek Fong (10%); Alicia Drummond (5%)	Incorporated Sept. 15, 2008	N/A	$32,470,000	$44,795,000	$36,550,000	Business Interest	Founded during marriage. AUM ~$1.4B. Annual mgmt fee revenue ~$14.0M (1% of AUM). 2021 incentive fee revenue ~$8.4M. Mr. Caldwell 2021 compensation: $3.8M salary + $2.1M distributions = $5.9M. Pinnacle Valuation Group (client's expert): $38.2M enterprise value (85% = $32.47M). Ng Barker & Cole (respondent's expert): $52.7M enterprise value (85% = $44.795M). Settlement: $36.55M on 85% interest basis.
2	Caldwell Realty Holdings LP — 9 Marital Properties (Net Equity)	CRH; EIN: 27-1924683; GP: Caldwell Realty GP LLC (EIN: 27-1924690)	Jonathan R. Caldwell via CRH GP LLC	Various (2008–2022)	Various	$22,700,000	$22,700,000	$22,700,000	Real Estate	9 properties acquired during marriage. Total appraised value of marital properties: $35.2M. Allocated debt (Trident National Bank, facility TN-CRH-2017-09034): $12.5M. Net equity: $35.2M − $12.5M = $22.7M. Not disputed between parties.
3	Marital Residence — 14 Gramercy Park South, Apt. PH-A, NY 10003 (Net Equity)	Trident National Bank Mortgage Loan No. TN-2010-447821	Jonathan R. Caldwell (sole title)	March 2010	$6,900,000	$7,300,000	$7,300,000	$7,300,000	Real Estate — Primary Residence	Current appraised value: $11.4M. Outstanding mortgage (Trident National Bank): $4.1M. Net equity: $7.3M. Prenup provides 65/35 split: Mr. Caldwell share = $4.745M; Dr. Caldwell share = $2.555M. Purchased with marital funds.
4	Vacation Property — 44 Dune Road, Westhampton Beach, NY 11978	—	Joint	During marriage	—	$4,800,000	$4,800,000	$4,800,000	Real Estate — Vacation	Transferred to Dr. Caldwell in settlement.
5	Joint Brokerage Account — Mercer & Hall Securities LLC	Acct. ending 8812	Joint	During marriage	—	$4,600,000	$4,600,000	$4,600,000	Financial Account	Custodied at Mercer & Hall Securities LLC, 399 Park Avenue, 16th Floor, NY 10022. Transferred to Dr. Caldwell in settlement.
6	Joint Savings Account — Trident National Bank	Acct. ending 3301	Joint	During marriage	—	$1,200,000	$1,200,000	$1,200,000	Financial Account	Held at Trident National Bank, 277 Broadway, NY 10007.
7	Mr. Caldwell's 401(k) — Marital Portion	—	Jonathan R. Caldwell	Contributions during marriage	—	$2,300,000	$2,300,000	$2,300,000	Retirement Account	Subject to QDRO; $600,000 transferred to Dr. Caldwell per settlement.
8	Dr. Caldwell's Retirement Accounts (SEP-IRA and 401(k))	—	Dr. Elena M. Caldwell	During marriage	—	$1,100,000	$1,100,000	$1,100,000	Retirement Account	Retained by Dr. Caldwell.
9	2018 Porsche 911 Turbo S	—	Jonathan R. Caldwell	2018	—	$175,000	$175,000	$175,000	Vehicle	Retained by Mr. Caldwell.
10	2021 Range Rover Autobiography	—	Dr. Elena M. Caldwell	2021	—	$145,000	$145,000	$145,000	Vehicle	Transferred to Dr. Caldwell in settlement.
11	Art Collection — Marital Acquisitions	Various	Joint	Various (2008–2022)	Various	$1,800,000	$1,800,000	$1,800,000	Personal Property — Art	Total collection $1.8M. Specified pieces valued at $850,000 transferred to Dr. Caldwell; balance retained by Mr. Caldwell.
12	Caldwell Children's Education Trust	Tax ID: 81-4620537	Graymoor Trust Company (Trustee), 520 Madison Ave, 14th Fl, NY 10022	Jan. 15, 2016	$2,000,000 (initial funding)	$3,100,000	$3,100,000	$3,100,000	Trust	Funded with $2.0M from marital funds. Current value $3.1M. Beneficiaries: Sophia & Alexander Caldwell. Set aside for children's education by agreement; both parties named as trust advisors; Graymoor Trust Company continues as trustee.
13	Active Appreciation on Pre-Marital Real Estate (Disputed)	See Separate Property tab — CRH 3 Pre-Marital Properties	—	—	—	$0	$17,200,000	$5,800,000	Disputed — Active vs. Passive Appreciation	Dr. Caldwell claims $17.2M appreciation ($28.6M current − $11.4M at marriage) is active due to Mr. Caldwell's personal management and thus marital. Mr. Caldwell argues it is passive (market-driven) and his separate property under prenup. Settlement: $5.8M credited as marital.
14	Less: Dr. Caldwell's Baranova Dermatology & Aesthetics PLLC	EIN: 46-3827194	Dr. Elena M. Caldwell	Pre-marriage	—	($2,400,000)	($2,400,000)	($2,400,000)	Offset — Respondent's Separate Property	Agreed value of $2.4M deducted from marital estate as Dr. Caldwell's separate property.
Subtotal — Business Interests	$32,470,000	$44,795,000	$36,550,000	CMC 85% interest only
Subtotal — Real Estate (Marital Properties, Residence, Vacation)	$34,800,000	$34,800,000	$34,800,000	CRH 9 properties ($22.7M) + Marital Residence ($7.3M) + Vacation ($4.8M)
TOTAL MARITAL ESTATE	$79,290,000	$108,815,000	$89,170,000	Sum of all asset rows including disputed appreciation and PLLC offset. Mr. C: $32.47M + $22.7M + $7.3M + $4.8M + $4.6M + $1.2M + $2.3M + $1.1M + $0.175M + $0.145M + $1.8M + $3.1M + $0 − $2.4M = $79.29M. Settlement: $89.17M.

[sheet: CRH Property Schedule]

Property No.	Property Address / Description	Borough / County	Pre-Marital or Marital	Acquisition Date	Acquisition Cost	Current Appraised Value	Allocated Debt — Trident National Bank	Net Equity	Notes
1	147 West 26th Street, Manhattan (Mixed-Use)	Manhattan	Pre-Marital	Pre-2008	—	$10,200,000	$2,100,000	$8,100,000	Part of original $11.4M pre-marital RE portfolio
2	88 Atlantic Avenue, Brooklyn (Retail / Residential)	Brooklyn	Pre-Marital	Pre-2008	—	$9,800,000	$2,000,000	$7,800,000	Part of original $11.4M pre-marital RE portfolio
3	220 Palmer Road, Bronxville (Multi-Family)	Westchester County	Pre-Marital	Pre-2008	—	$8,600,000	$2,100,000	$6,500,000	Part of original $11.4M pre-marital RE portfolio
SUBTOTAL — PRE-MARITAL PROPERTIES (3)	Pre-Marital	$28,600,000	$6,200,000	$22,400,000	Appreciation of $17.2M from $11.4M original cost; disputed characterization
4	310 East 12th Street, Manhattan (Residential)	Manhattan	Marital	October 2009	$3,200,000	$5,200,000	$1,800,000	$3,400,000	Acquired during marriage with marital funds
5	455 West 37th Street, Manhattan (Mixed-Use)	Manhattan	Marital	March 2011	$3,400,000	$4,800,000	$1,600,000	$3,200,000	Acquired during marriage with marital funds
6	72 Smith Street, Brooklyn (Retail)	Brooklyn	Marital	July 2012	$2,100,000	$3,900,000	$1,300,000	$2,600,000	Acquired during marriage with marital funds
7	1501 Flatbush Avenue, Brooklyn (Multi-Family)	Brooklyn	Marital	January 2014	$2,800,000	$4,400,000	$1,500,000	$2,900,000	Acquired during marriage with marital funds
8	39-15 Queens Boulevard, Sunnyside (Mixed-Use)	Queens	Marital	September 2015	$2,400,000	$3,600,000	$1,200,000	$2,400,000	Acquired during marriage with marital funds
9	204 Court Street, Brooklyn (Office / Retail)	Brooklyn	Marital	May 2016	$1,900,000	$3,200,000	$1,100,000	$2,100,000	Acquired during marriage with marital funds
10	815 Lexington Avenue, Manhattan (Residential)	Manhattan	Marital	February 2018	$3,100,000	$4,500,000	$1,500,000	$3,000,000	Acquired during marriage with marital funds
11	55 Main Street, White Plains (Office)	Westchester County	Marital	August 2019	$1,700,000	$2,800,000	$1,200,000	$1,600,000	Acquired during marriage with marital funds
12	127 North 6th Street, Brooklyn (Residential)	Brooklyn	Marital	November 2020	$1,800,000	$2,800,000	$1,300,000	$1,500,000	Acquired during marriage with marital funds
SUBTOTAL — MARITAL PROPERTIES (9)	Marital	$35,200,000	$12,500,000	$22,700,000	Net equity included in marital estate
GRAND TOTAL — ALL CRH PROPERTIES (12)	$63,800,000	$18,700,000	$45,100,000	Revolving Credit Facility: Trident National Bank, Facility No. TN-CRH-2017-09034

[sheet: Trusts]

Trust Name	Tax ID	Trustee	Date Established	Initial Funding	Funding Source	Current Value	Beneficiaries	Marital / Non-Marital	Treatment in Settlement
Jonathan R. Caldwell 2010 Irrevocable Trust	36-7294851	Graymoor Trust Company, 520 Madison Ave, 14th Fl, NY 10022	October 22, 2010	$5,000,000	Mr. Caldwell's separate property	$9,700,000	Sophia Caldwell; Alexander Caldwell	Non-Marital (separate property funding; irrevocable)	Not subject to equitable distribution
Caldwell Children's Education Trust	81-4620537	Graymoor Trust Company, 520 Madison Ave, 14th Fl, NY 10022	January 15, 2016	$2,000,000	Marital funds	$3,100,000	Sophia Caldwell; Alexander Caldwell	Marital property (funded with marital funds)	Set aside for children's education by agreement; both parties as trust advisors; Graymoor Trust Company continues as trustee; included in marital estate total at $3.1M
TOTAL — ALL TRUSTS	$7,000,000	$12,800,000	$3,100,000 marital; $9,700,000 non-marital	Only $3,100,000 (Education Trust) included in marital estate calculations

[sheet: Cover]
Field | Detail
Matter | Caldwell v. Caldwell
Court | New York Supreme Court, New York County, Matrimonial Part 7
Index No. | 312847/2022
Presiding Justice | Hon. Patricia K. Lessing
Petitioner | Jonathan R. Caldwell
Respondent | Dr. Elena M. Caldwell (née Baranova)
Petitioner's Counsel | Calderwood & Harkness LLP (Priya Anand, Esq., Responsible Partner)
Respondent's Counsel | Whitford Garza & Stein LLP (Rachel Whitford, Esq.)
Date of Marriage | June 21, 2008
Date of Separation | April 3, 2022
Date Action Filed | June 14, 2022
Prepared By | James Underwood, Esq. and Nadia Petrov, Esq., Calderwood & Harkness LLP
Date Prepared | January 2023 (updated through May 12, 2023 settlement)
Status | PRIVILEGED AND CONFIDENTIAL — ATTORNEY WORK PRODUCT
Client's Forensic Accountant | Martin Hague, CPA — Hague Thornton & Associates CPAs
Client's Business Valuator | Dr. Vivian Osei, CFA, ASA — Pinnacle Valuation Group LLC
Respondent's Forensic Accountant | Catherine Ng, CPA — Ng Barker & Cole LLP
[sheet: Separate Property — Mr. Caldwel]
Asset Description | Account / Property ID | Holder / Custodian | Value at Marriage — June 2008 | Current Appraised Value — 2022 | Appreciation | Characterization — Mr. Caldwell's Position | Characterization — Dr. Caldwell's Position | Settlement Treatment | Notes
Caldwell Realty Holdings LP — 3 Pre-Marital Properties | EIN: 27-1924683 | Caldwell Realty GP LLC (GP); Trident National Bank (lender) | $11,400,000 | $28,600,000 | $17,200,000 | Separate property; appreciation is passive (market-driven) | Active appreciation of $17.2M due to Mr. Caldwell's personal management efforts during marriage; should be marital property | $5,800,000 credited as marital property (negotiated) | Allocated debt on pre-marital properties: $6.2M; net equity: $22.4M. Respondent argues active appreciation under NY equitable distribution principles.
Brokerage Account — Mercer & Hall Securities LLC | Acct. ending 4477 | Mercer & Hall Securities LLC, 399 Park Avenue, 16th Floor, NY 10022 | $6,800,000 | $14,300,000 | $7,500,000 | Separate property; passive appreciation | Argues inadequate disclosure of this account in prenup Schedule A | Retained by Mr. Caldwell as separate property | Pre-marital asset. Dr. Caldwell alleges this account was not fully disclosed at time of prenup execution.
Pre-Marital Cash and Savings | Various | Various institutions | $4,200,000 | $0 | N/A | Deployed into marital assets during marriage | Commingled — now marital | Treated as deployed; accounted for in marital estate | Original $4.2M cash was used to acquire marital assets during the marriage.
Miscellaneous (Art, Vehicles, Personal Property) | Various | — | $2,800,000 | $3,900,000 | $1,100,000 | Separate property | Passive appreciation — not contested | Retained by Mr. Caldwell | Includes pre-marital art, automobiles, collectibles.
Subtotal — Identifiable Separate Assets | $25,200,000 | $46,800,000 | $25,800,000 | Excludes $4.2M cash redeployed (shown at $0 current value)
TOTAL — Mr. Caldwell Separate Property (Per Schedule A) | $25,200,000 | $46,800,000 | $25,800,000 | Current value reflects $28.6M RE + $14.3M brokerage + $0 cash + $3.9M misc = $46.8M. Original Schedule A total: $25.2M.
[sheet: Separate Property — Dr. Caldwel]
Asset Description | Account / Property ID | Value at Marriage — June 2008 | Current Value — 2022 | Characterization | Notes
Pre-Marital Savings | Per Schedule B | $310,000 | $0 | Separate property — largely spent during marriage | Disclosed per prenup Schedule B at $310,000.
Baranova Dermatology & Aesthetics PLLC | EIN: 46-3827194 | N/A (practice founded pre-marriage; degree earned pre-marriage) | $2,400,000 | Separate property — agreed value | Annual revenue ~$1.9M. Two locations: 1120 Park Ave, Suite 3A, NY 10128 and 200 W 57th St, Suite 607, NY 10019. Both parties agree on $2.4M value. Offset against marital estate in distribution.
TOTAL — Dr. Caldwell Separate Property | $310,000 | $2,400,000 | Current value reflects PLLC agreed value; pre-marital savings largely spent.
[sheet: Marital Assets — Detail]
Asset No. | Asset Description | Entity / Account | Title Holder | Date Acquired | Original Cost / Basis | Mr. Caldwell's Valuation Position | Dr. Caldwell's Valuation Position | Settlement Value | Category | Notes
1 | Caldwell Meridian Capital LLC — 85% Interest | CMC; EIN: 26-4831057 | Jonathan R. Caldwell (85%); Derek Fong (10%); Alicia Drummond (5%) | Incorporated Sept. 15, 2008 | N/A | $32,470,000 | $44,795,000 | $36,550,000 | Business Interest | Founded during marriage. AUM ~$1.4B. Annual mgmt fee revenue ~$14.0M (1% of AUM). 2021 incentive fee revenue ~$8.4M. Mr. Caldwell 2021 compensation: $3.8M salary + $2.1M distributions = $5.9M. Pinnacle Valuation Group (client's expert): $38.2M enterprise value (85% = $32.47M). Ng Barker & Cole (respondent's expert): $52.7M enterprise value (85% = $44.795M). Settlement: $36.55M on 85% interest basis.
2 | Caldwell Realty Holdings LP — 9 Marital Properties (Net Equity) | CRH; EIN: 27-1924683; GP: Caldwell Realty GP LLC (EIN: 27-1924690) | Jonathan R. Caldwell via CRH GP LLC | Various (2008–2022) | Various | $22,700,000 | $22,700,000 | $22,700,000 | Real Estate | 9 properties acquired during marriage. Total appraised value of marital properties: $35.2M. Allocated debt (Trident National Bank, facility TN-CRH-2017-09034): $12.5M. Net equity: $35.2M − $12.5M = $22.7M. Not disputed between parties.
3 | Marital Residence — 14 Gramercy Park South, Apt. PH-A, NY 10003 (Net Equity) | Trident National Bank Mortgage Loan No. TN-2010-447821 | Jonathan R. Caldwell (sole title) | March 2010 | $6,900,000 | $7,300,000 | $7,300,000 | $7,300,000 | Real Estate — Primary Residence | Current appraised value: $11.4M. Outstanding mortgage (Trident National Bank): $4.1M. Net equity: $7.3M. Prenup provides 65/35 split: Mr. Caldwell share = $4.745M; Dr. Caldwell share = $2.555M. Purchased with marital funds.
4 | Vacation Property — 44 Dune Road, Westhampton Beach, NY 11978 | — | Joint | During marriage | — | $4,800,000 | $4,800,000 | $4,800,000 | Real Estate — Vacation | Transferred to Dr. Caldwell in settlement.
5 | Joint Brokerage Account — Mercer & Hall Securities LLC | Acct. ending 8812 | Joint | During marriage | — | $4,600,000 | $4,600,000 | $4,600,000 | Financial Account | Custodied at Mercer & Hall Securities LLC, 399 Park Avenue, 16th Floor, NY 10022. Transferred to Dr. Caldwell in settlement.
6 | Joint Savings Account — Trident National Bank | Acct. ending 3301 | Joint | During marriage | — | $1,200,000 | $1,200,000 | $1,200,000 | Financial Account | Held at Trident National Bank, 277 Broadway, NY 10007.
7 | Mr. Caldwell's 401(k) — Marital Portion | — | Jonathan R. Caldwell | Contributions during marriage | — | $2,300,000 | $2,300,000 | $2,300,000 | Retirement Account | Subject to QDRO; $600,000 transferred to Dr. Caldwell per settlement.
8 | Dr. Caldwell's Retirement Accounts (SEP-IRA and 401(k)) | — | Dr. Elena M. Caldwell | During marriage | — | $1,100,000 | $1,100,000 | $1,100,000 | Retirement Account | Retained by Dr. Caldwell.
9 | 2018 Porsche 911 Turbo S | — | Jonathan R. Caldwell | 2018 | — | $175,000 | $175,000 | $175,000 | Vehicle | Retained by Mr. Caldwell.
10 | 2021 Range Rover Autobiography | — | Dr. Elena M. Caldwell | 2021 | — | $145,000 | $145,000 | $145,000 | Vehicle | Transferred to Dr. Caldwell in settlement.
11 | Art Collection — Marital Acquisitions | Various | Joint | Various (2008–2022) | Various | $1,800,000 | $1,800,000 | $1,800,000 | Personal Property — Art | Total collection $1.8M. Specified pieces valued at $850,000 transferred to Dr. Caldwell; balance retained by Mr. Caldwell.
12 | Caldwell Children's Education Trust | Tax ID: 81-4620537 | Graymoor Trust Company (Trustee), 520 Madison Ave, 14th Fl, NY 10022 | Jan. 15, 2016 | $2,000,000 (initial funding) | $3,100,000 | $3,100,000 | $3,100,000 | Trust | Funded with $2.0M from marital funds. Current value $3.1M. Beneficiaries: Sophia & Alexander Caldwell. Set aside for children's education by agreement; both parties named as trust advisors; Graymoor Trust Company continues as trustee.
13 | Active Appreciation on Pre-Marital Real Estate (Disputed) | See Separate Property tab — CRH 3 Pre-Marital Properties | — | — | — | $0 | $17,200,000 | $5,800,000 | Disputed — Active vs. Passive Appreciation | Dr. Caldwell claims $17.2M appreciation ($28.6M current − $11.4M at marriage) is active due to Mr. Caldwell's personal management and thus marital. Mr. Caldwell argues it is passive (market-driven) and his separate property under prenup. Settlement: $5.8M credited as marital.
14 | Less: Dr. Caldwell's Baranova Dermatology & Aesthetics PLLC | EIN: 46-3827194 | Dr. Elena M. Caldwell | Pre-marriage | — | ($2,400,000) | ($2,400,000) | ($2,400,000) | Offset — Respondent's Separate Property | Agreed value of $2.4M deducted from marital estate as Dr. Caldwell's separate property.
Subtotal — Business Interests | $32,470,000 | $44,795,000 | $36,550,000 | CMC 85% interest only
Subtotal — Real Estate (Marital Properties, Residence, Vacation) | $34,800,000 | $34,800,000 | $34,800,000 | CRH 9 properties ($22.7M) + Marital Residence ($7.3M) + Vacation ($4.8M)
TOTAL MARITAL ESTATE | $79,290,000 | $108,815,000 | $89,170,000 | Sum of all asset rows including disputed appreciation and PLLC offset. Mr. C: $32.47M + $22.7M + $7.3M + $4.8M + $4.6M + $1.2M + $2.3M + $1.1M + $0.175M + $0.145M + $1.8M + $3.1M + $0 − $2.4M = $79.29M. Settlement: $89.17M.
[sheet: CRH Property Schedule]
Property No. | Property Address / Description | Borough / County | Pre-Marital or Marital | Acquisition Date | Acquisition Cost | Current Appraised Value | Allocated Debt — Trident National Bank | Net Equity | Notes
1 | 147 West 26th Street, Manhattan (Mixed-Use) | Manhattan | Pre-Marital | Pre-2008 | — | $10,200,000 | $2,100,000 | $8,100,000 | Part of original $11.4M pre-marital RE portfolio
2 | 88 Atlantic Avenue, Brooklyn (Retail / Residential) | Brooklyn | Pre-Marital | Pre-2008 | — | $9,800,000 | $2,000,000 | $7,800,000 | Part of original $11.4M pre-marital RE portfolio
3 | 220 Palmer Road, Bronxville (Multi-Family) | Westchester County | Pre-Marital | Pre-2008 | — | $8,600,000 | $2,100,000 | $6,500,000 | Part of original $11.4M pre-marital RE portfolio
SUBTOTAL — PRE-MARITAL PROPERTIES (3) | Pre-Marital | $28,600,000 | $6,200,000 | $22,400,000 | Appreciation of $17.2M from $11.4M original cost; disputed characterization
4 | 310 East 12th Street, Manhattan (Residential) | Manhattan | Marital | October 2009 | $3,200,000 | $5,200,000 | $1,800,000 | $3,400,000 | Acquired during marriage with marital funds
5 | 455 West 37th Street, Manhattan (Mixed-Use) | Manhattan | Marital | March 2011 | $3,400,000 | $4,800,000 | $1,600,000 | $3,200,000 | Acquired during marriage with marital funds
6 | 72 Smith Street, Brooklyn (Retail) | Brooklyn | Marital | July 2012 | $2,100,000 | $3,900,000 | $1,300,000 | $2,600,000 | Acquired during marriage with marital funds
7 | 1501 Flatbush Avenue, Brooklyn (Multi-Family) | Brooklyn | Marital | January 2014 | $2,800,000 | $4,400,000 | $1,500,000 | $2,900,000 | Acquired during marriage with marital funds
8 | 39-15 Queens Boulevard, Sunnyside (Mixed-Use) | Queens | Marital | September 2015 | $2,400,000 | $3,600,000 | $1,200,000 | $2,400,000 | Acquired during marriage with marital funds
9 | 204 Court Street, Brooklyn (Office / Retail) | Brooklyn | Marital | May 2016 | $1,900,000 | $3,200,000 | $1,100,000 | $2,100,000 | Acquired during marriage with marital funds
10 | 815 Lexington Avenue, Manhattan (Residential) | Manhattan | Marital | February 2018 | $3,100,000 | $4,500,000 | $1,500,000 | $3,000,000 | Acquired during marriage with marital funds
11 | 55 Main Street, White Plains (Office) | Westchester County | Marital | August 2019 | $1,700,000 | $2,800,000 | $1,200,000 | $1,600,000 | Acquired during marriage with marital funds
12 | 127 North 6th Street, Brooklyn (Residential) | Brooklyn | Marital | November 2020 | $1,800,000 | $2,800,000 | $1,300,000 | $1,500,000 | Acquired during marriage with marital funds
SUBTOTAL — MARITAL PROPERTIES (9) | Marital | $35,200,000 | $12,500,000 | $22,700,000 | Net equity included in marital estate
GRAND TOTAL — ALL CRH PROPERTIES (12) | $63,800,000 | $18,700,000 | $45,100,000 | Revolving Credit Facility: Trident National Bank, Facility No. TN-CRH-2017-09034
[sheet: Trusts]
Trust Name | Tax ID | Trustee | Date Established | Initial Funding | Funding Source | Current Value | Beneficiaries | Marital / Non-Marital | Treatment in Settlement
Jonathan R. Caldwell 2010 Irrevocable Trust | 36-7294851 | Graymoor Trust Company, 520 Madison Ave, 14th Fl, NY 10022 | October 22, 2010 | $5,000,000 | Mr. Caldwell's separate property | $9,700,000 | Sophia Caldwell; Alexander Caldwell | Non-Marital (separate property funding; irrevocable) | Not subject to equitable distribution
Caldwell Children's Education Trust | 81-4620537 | Graymoor Trust Company, 520 Madison Ave, 14th Fl, NY 10022 | January 15, 2016 | $2,000,000 | Marital funds | $3,100,000 | Sophia Caldwell; Alexander Caldwell | Marital property (funded with marital funds) | Set aside for children's education by agreement; both parties as trust advisors; Graymoor Trust Company continues as trustee; included in marital estate total at $3.1M
TOTAL — ALL TRUSTS | $7,000,000 | $12,800,000 | $3,100,000 marital; $9,700,000 non-marital | Only $3,100,000 (Education Trust) included in marital estate calculations

[sheet: Cover]

Record

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