Joseph Sutton

Wharton Properties

(Wharton Residential Properties, Wharton Residential, Wharton Realty)

Owner

500 5th Ave 54th floor, New York, NY 10110

LinkedIn

Wharton Properties portfolio

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

$1.7 billion – office 55%, retail 30%; Manhattan 87%, Brooklyn 8%

34th largest portfolio by dollar value

3,650,870 sqft – office 61%, retail 18%;

75th largest by SF

100 properties – Brooklyn 36%, Manhattan 35%

66th largest

263 residential units – Manhattan 70%, Brooklyn 29%

543th largest by residential units

5 foreclosures, 0 bankruptcies, 3 other court cases.

Notes

This is Jeff Sutton’s son.

Person Activity past 24 months:

Buyer signatory: 2 for $31.8 million

Seller signatory: 1 for $9.8 million

Borrower signatory: 1 for $15.8 million

Lender signatory: 0 for $0

Developer (new building or major alteration): 0 for 0 square feet

Top Ten Associated Companies:

Rudd Realty Management (1), Prime Finance (1), Laub Realty (1), Creas Inc. (1)

Top Ten Associated People:

Frederick J. Rudd (1), Jeffrey A. Lehman (1), Michael E. Laub (1)

Recent activity as signatory:

• Wharton Properties borrowed $15.8 million from Prime Finance for 90 Bedford Street, West Village, Manhattan on February 09, 2024.

• Rudd Realty Management sold 90 Bedford St, West Village, Manhattan for $18.2 million to Wharton Properties on February 09, 2024.

• Wharton Properties sold 117 North 4th Street, Williamsburg, Brooklyn for $9.8 million to Creas Inc. on September 22, 2023.

• Laub Realty sold 14-16 Bedford Street, Greenwich Village, Manhattan for $13.5 million to Wharton Residential on September 01, 2023.

• Joseph Sutton filed plans for major alteration for 3,399 sqft in Gravesend, Brooklyn, on April 02, 2022.

Litigation:

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