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:
• 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
• 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