Prosper Property Group

People:

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Prosper Property Group portfolio

$27.2 million* – office 87%, mixed-use 4%; Brooklyn 87%, Manhattan 8%

1413th largest portfolio by dollar value

116,810 sqft – office 89%, elevator 8%;

1740th largest by SF

4 properties – Manhattan 50%, Brooklyn 25%

1833th largest

10 residential units – Queens 100%, Manhattan 0%

4042th largest by residential units

Company Activity past 24 months:

Buyer company: 2 for $53.2 million

Borrower company: 1 for $31.2 million

Top Ten Associated People:

Adam P. Ercoli (1), Virgil Chong (1), Jeffrey Kaplan (1), Ryan Supple (1), Thomas L. Gazianis (1)

Recent activity as company:

Prosper Property Group, Zuccarello Zerillo & Company and GRA Equities borrowed $31.2 million from Argentic Investment Management for 57 Willoughby Street, Downtown Brooklyn, Brooklyn on August 09, 2024.

Meadow Partners sold 57 Willoughby Street, Downtown Brooklyn, Brooklyn for $48 million to Prosper Property Group, Zuccarello Zerillo & Company and GRA Equities on August 09, 2024.

Virgil Chong sold 305-307 Church Street, Tribeca, Manhattan for $5.2 million to Prosper Property Group on February 07, 2024.

Prosper Property Group borrowed $5 million from Fieldpoint Private Bank & Trust for 27-10 37th Avenue, Long Island City, Queens on September 30, 2022.

Prosper Property Group for Damien Smith filed plans for new building for 149,866 sqft in Rego Park, Queens, on September 03, 2021.

Paul Stallings sold 61 Pitt Street, Lower East Side, Manhattan for $8.5 million to Prosper Property Group on July 13, 2020.

Properties:

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*The Portfolio Value is the city’s Market Value, which is typically 50% or less of actual market value.

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