Joel Wertzberger
Ceo
Joyland Group
84 14th street 4th Floor, Brooklyn, New York, 11215
Joyland Group|Hamilton Eastman portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$23.2 million – specialty 75.0%, development 19.0%; Manhattan 75.0%, Brooklyn 24.0%
1570th largest portfolio by dollar value
149,280 sqft – specialty 51%, O3 43%;
1464th largest by SF
8 properties – Brooklyn 62%, Manhattan 25%
149th largest
405 residential units – Brooklyn 99%, Manhattan 0%
429th largest by residential units
Other Links:
Person Activity past 24 months:
Buyer signatory: 4 for $69.6 million
Seller signatory: 0 for $0
Borrower signatory: 4 for $259.5 million
Lender signatory: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
Sterling National Bank (2), Mount Sinai (2), Webster Bank (1), BCB Community Bank (1), Gary Zimberg (1), TPG Real Estate Partners (1), Orange Management (1), Maxim Capital Group (1), iCross Capital (1), Arbor Realty Trust (1)
Top Ten Associated People:
Vincent Tammaro (2), Daniel De Diego (1), Angeles Desantis (1), Gary Zimberg (1), Martin Davidson (1), Andrew Bradfield (1), Lily Guo (1), Lazar Muller (1)
Recent activity as signatory:
• Joyland Group borrowed $27.5 million from G4 Capital Partners for 313-319 East 17th Street and 321 East 17th Street, Gramercy, Manhattan on January 06, 2025.
• Mount Sinai sold 321 East 17th Street, Gramercy, Manhattan for $6 million to Joyland Group on January 06, 2025.
• Mount Sinai sold 313-319 East 17th Street, Gramercy, Manhattan for $27.6 million to Joyland Group on January 06, 2025.
• Joyland Groupand Loketch Group borrowed $150 million from TPG Real Estate Partners for 28 Boerum Street, Williamsburg, Brooklyn on July 31, 2024.
• Joyland Group borrowed $66 million from iCross Capital for 125 3rd Street, Gowanus, Brooklyn on March 05, 2024.
• Joyland Group borrowed $16 million from Maxim Capital Group for 125 3rd Street, Gowanus, Brooklyn on September 27, 2023.
• Orange Management sold 125 3rd Street, Gowanus, Brooklyn for $30.5 million to Joyland Group on September 27, 2023.
• Gary Zimberg sold 15-19 Wythe Avenue, Williamsburg, Brooklyn for $5.5 million to Joyland Group on April 24, 2023.
• Joel Wertzberger borrowed $6.8 million from BCB Community Bank for 38 Stratford Road, Flatbush, Brooklyn on November 29, 2022.
• Joel Wertzberger borrowed $15.1 million from Webster Bank for 1910 Arthur Avenue, 1910 Arthur Avenue, 1910 Arthur Avenue, 1910 Arthur Avenue, 1910 Arthur Avenue, and others, Tremont, Bronx on April 11, 2022.
Latest Stories:
• Joyland Group pays $33.6M to Mount Sinai for conversions in Gramercy January 07, 2025
• Borough Developers files plans for 96 units at Beth Israel buildings in Gramercy December 30, 2024
• Joyland, Loketch sign $150M refi with TPG for 270-unit project in Williamsburg August 01, 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
• Joyland Group pays $5.5M for possible development site in Williamsburg April 25, 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