Joseph Stern
SB Development Group
Developer, Owner
SB Development Group portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$8.8 million – elevator 54.0%, industrial 44.0%; Queens 100.0%, Manhattan 0.0%
2820th largest portfolio by dollar value
124,963 sqft – elevator 72.0%, industrial 27.0%;
1631th largest by SF
30 properties – Queens 100%, Manhattan 0%
127th largest
87 residential units – Queens 100.0%, Manhattan 0.0%
711th largest by residential units
Person Activity past 24 months:
Buyer signatory: 2 for $8.7 million
Seller signatory: 0 for $0
Borrower signatory: 2 for $88.9 million
Lender signatory: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
Northwind Group (2), Steve S. Cheung (1), Hirshmark Capital (1), Matthew Lupoli (1), Christopher Lupoli (1), Daniel Lupoli (1), Corinne Lupoli (1), iCross Capital (1), Slate Property Group (1)
Top Ten Associated People:
Ran Eliasaf (2), Steve S. Cheung (1), Abraham Goldman (1), Matthew Lupoli (1), Christopher Lupoli (1), Daniel Lupoli (1), Corinne Lupoli (1), Lily Guo (1)
Recent activity as signatory:
• SB Development Group borrowed $83 million from iCross Capital for 29-26 40th Avenue, Long Island City, Queens on August 23, 2024.
• Christopher Lupoliand Daniel Lupoliand Corinne Lupoli sold 29-13 40th Road, Long Island City, Queens for $2.9 million to SB Development on November 17, 2023.
• Matthew Lupoli sold 29-15 40th Road, Long Island City, Queens for $5.8 million to SB Development on November 17, 2023.
• SB Development Group borrowed $5.9 million from Northwind Group for 41-05 29th Street, 41-05 29th Street, 41-05 29th Street, 41-05 29th Street, 41-05 29th Street, and others, Long Island City, Queens on October 16, 2023.
• SB Development Group borrowed $61.7 million from Northwind Group for 41-05 29th Street, Long Island City, Queens on December 13, 2022.
• SB Development Group borrowed $12 million from Hirshmark Capital for 29-24 40th Avenue and 29-16 40th Avenue, Long Island City, Queens on August 11, 2022.
• Steve S. Cheung sold 29-24 40th Avenue and 29-16 40th Avenue, Long Island City, Queens for $19 million to SB Development Group on August 11, 2022.
• Joseph Stern filed plans for new building for 29,859 sqft in Long Island City, Queens, on March 04, 2022.
• SB Development Group borrowed $55 million from Slate Property Group for 41-05 29th Street, Long Island City, Queens on May 26, 2021.