Alloy Development

Owner, Developer

Partnership

20 Jay Street, Suite 1003 Brooklyn, NY 11201

alloyllc.com

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Alloy Development NYC portfolio

$619 million* – condo 88.0%, specialty 9.0%; Brooklyn 100.0%, Manhattan 0.0%

264th largest portfolio by dollar value

554,440 sqft – condo 88.0%, specialty 7.0%;

550th largest by SF

11 properties – Brooklyn 100%, Manhattan 0%

750th largest

4 residential units – Brooklyn 100.0%, Manhattan 0.0%

5590th largest by residential units

0 foreclosures, 0 bankruptcies, 1 other court case.

Company Activity past 24 months:

Buyer company: 1 for $15 million

Borrower company: 3 for $292.5 million

Developer (new building or major alteration): 1 for 639,873 square feet

Top Ten Associated Companies:

Maxim Capital Group (2), Bank of America (2), Madison Square Boys & Girls Club (1), Goldman Sachs (1), New York Life Insurance Company (1)

Top Ten Associated People:

Jeffrey Dold (1), Delilah Iovino (1), Eric Chan (1)

Recent activity as company:

• Alloy Development borrowed $42.5 million from Maxim Capital Group for 362 Schermerhorn Street, Boerum Hill, Brooklyn on January 14, 2025.

• Alloy Development for Alexander Pires filed plans for new building for 639,873 sqft in Boerum Hill, Brooklyn, on January 14, 2025.

• Alloy Development borrowed $240 million from New York Life Insurance Company for 100 Flatbush Avenue, 100 Flatbush Avenue, 489 State Street, and 100 Flatbush Avenue, None, Brooklyn on December 30, 2024.

• Alloy Development borrowed $10 million from Maxim Capital Group for 240 Nassau Street, Downtown Brooklyn, Brooklyn on November 29, 2023.

• Madison Square Boys & Girls Club sold 240 Nassau Street, Downtown Brooklyn, Brooklyn for $15 million to Alloy Development on November 29, 2023.

• Alloy Development borrowed $155 million from Goldman Sachs for 100 Flatbush Avenue, 100 Flatbush Avenue, 100 Flatbush Avenue, 489 State Street, and 489 State Street, Brooklyn, Brooklyn on August 13, 2021.

• Alloy Development borrowed $25 million from Bank of America for 370 Schermerhorn Street, 183 Plymouth Street, 1 John Street, Brooklyn, Brooklyn on July 22, 2019.

• Alloy Development borrowed $10 million from Bank of America for 370 Schermerhorn Street, Brooklyn, Brooklyn on July 22, 2019.