Richard Lam

Property Markets Group

Property Markets Group portfolio

(NYC’s “Market Value,” 50% or less of actual value)

$37 million – condo 55%, A4 34%; Manhattan 91%, Brooklyn 8%

1143th largest portfolio by dollar value

84,249 sqft – condo 49%, industrial 23%;

2114th largest by SF

23 properties – Manhattan 82%, Brooklyn 17%

134th largest

535 residential units – Brooklyn 96%, Manhattan 3%

358th largest by residential units

0 foreclosures, 0 bankruptcies, 2 other court cases.

Top Ten Associated Companies:

Tavros Capital (1), Ido Paul Amit (1)

Top Ten Associated People:

Nicholas Silvers (1), Ido Paul Amit (1)

Recent activity as signatory:

Property Markets Group sold 125 3rd Street, Gowanus, Brooklyn for $21.6 million to Ido Paul Amit on March 11, 2022.

Property Markets Group sold 318 Nevins Street, Gowanus, Brooklyn for $102 million to Tavros Capital on January 26, 2022.

Richard Lam filed plans for major alteration for 3,393 sqft in College Point, Queens, on July 07, 2021.

Richard Lam filed plans for new building for 29,638 sqft in West Village, Manhattan, on December 08, 2015.

Richard Lam filed plans for new building for 72,703 sqft in SoHo, Manhattan, on January 31, 2013.

Latest Stories:

• Tavros, Charney, Incoco sign $140M new construction loan with TYKO for 306-unit project in Gowanus July 05, 2024

• Joyland Group signs $66M construction loan with iCross Capital in Gowanus March 06, 2024

• Joyland Group pays $30.5M to Orange Management for dev site in Gowanus September 28, 2023

• Orange Management buys out partner at dev site in Gowanus through $21M transaction September 14, 2023

• Partnership dispute over Rotem Rosen’s $27.5M Gowanus parcel purchase offer February 23, 2023

• $21.6M paid to Property Markets Group for Orange Management dev site in Gowanus March 14, 2022

• Tavros, Charney pay $102M to Property Markets Group for dev site in Gowanus January 27, 2022

• Kevin Maloney of PMG borrows $7M from First Republic for commercial property in Gowanus April 10, 2020