John Usdan
Midwood Investment & Development
Midwood Investment & Development|Midwood Investment & Development|EJS Group|Stratford Land Development Company portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$63.3 million – elevator 65%, retail 19%; Manhattan 76%, Brooklyn 23%
791th largest portfolio by dollar value
216,639 sqft – elevator 65%, retail 22%;
1097th largest by SF
4 properties – Manhattan 50%, Brooklyn 50%
153th largest
159 residential units – Manhattan 100%, Bronx 0%
639th largest by residential units
0 foreclosures, 0 bankruptcies, 1 other court case.
Person Activity past 24 months:
Buyer signatory: 0 for $0
Seller signatory: 0 for $0
Borrower signatory: 2 for $14 million
Lender signatory: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
Valley National Bank (2), Renee J. James (1), BlackRock (1), MetLife (1), Dana Sasouness (1), Woodmen of the World Life Insurance Society (1), Feil Organization (1), Hudson Companies (1), BCG Holdings (1)
Top Ten Associated People:
Alfred Sorrentino, Jr. (2), Renee J. James (1), Debra Mistretta (1), Michael Hofheinz (1), Dana Sasouness (1), Jeffrey J. Feil (1), Joseph Kohl-Rigges (1)
Recent activity as signatory:
• Midwood Investment & Development borrowed $0 from BCG Holdings for 210 Douglass Street, Gowanus, Brooklyn on January 03, 2025.
• Midwood Investment & Development borrowed $14 million from Woodmen of the World Life Insurance Society for 535 Morgan Avenue, East Williamsburg, Brooklyn on August 08, 2023.
• Midwood Investment & Development sold 150 East 78th Street, Lenox Hill, Manhattan for $17 million to Dana Sasouness on July 18, 2022.
• Midwood Investment & Development borrowed $11 million from Valley National Bank for 829 Madison Avenue, Lenox Hill, Manhattan on June 24, 2022.
• Midwood Investment & Development borrowed $63.5 million from MetLife for 56 7th Avenue, West Village, Manhattan on May 20, 2022.
• BlackRock sold 56 7th Avenue, West Village, Manhattan for $102 million to Midwood Investment & Development on May 20, 2022.
• Midwood Investment & Developmentand EJS Group sold 150 East 78th Street, Lenox Hill, Manhattan for $19.6 million to Renee J. James on May 09, 2022.
• Midwood Investment & Development borrowed $14.2 million from Valley National Bank for 210 Douglas Street, Gowanus, Brooklyn on February 23, 2022.
• John Usdan filed plans for new building for 319,664 sqft in Gowanus, Brooklyn, on December 01, 2021.
• Stratford Land Development Company sold 975 Nostrand Avenue, Crown Heights, Brooklyn for $41.5 million to Hudson Companies on September 03, 2021.
Latest Stories:
• Midwood Investment signs $11M acquisition loan for mixed-use in Lenox Hill June 27, 2022
• Midwood Investment pays $102M to BlackRock for residential elevator in West Village May 23, 2022
• Midwood Inv. & Dev., EJS Group sell resi unit for $19.6M in Lenox Hill May 10, 2022
• Hudson Companies pays $41.5M for development parcel in Crown Heights September 07, 2021
• Feil Organization pays $9.8M to Midwood Investment for three properties in Bronx August 19, 2021