Bluestone Group
Bluestone Group portfolio
$84.7 million* – condo 35%, retail 18%; Manhattan 42%, Queens 35%
643th largest portfolio by dollar value
405,454 sqft – condo 48%, mixed-use 14%;
727th largest by SF
15 properties – Manhattan 40%, Bronx 40%
585th largest
197 residential units – Queens 73%, Brooklyn 23%
902th largest by residential units
11 foreclosures, 12 bankruptcies, 36 other court cases.
Company Activity past 24 months:
Buyer company: 1 for $12.3 million
Seller company: 8 for $87.2 million
Borrower company: 1 for $8.5 million
Top Ten Associated Companies:
Kassin Sabbagh Realty (3), Signature Bank (2), Anibal Gomez (2), Centennial Bank (1), TriState Capital Bank (1), Joel Weiss (1), Samuel Pfeiffer (1), Glass Stone Properties (1), Cheskel Schwimmer (1), Madison Realty Capital (1)
Top Ten Associated People:
Abraham Kassin (3), Anibal Gomez (2), Kenneth A. Stagnari (1), Robert Gambitsky (1), Joel Weiss (1), Samuel Pfeiffer (1), Cheskel Schwimmer (1)
Recent activity as company:
• Extell Development, Bluestone Group and Princeton Real Estate Partners sold 616 11th Avenue, Hell’s Kitchen, Manhattan for $33.2 million to Cheskel Schwimmer on March 28, 2024.
• Extell Development, Bluestone Group and Princeton Real Estate Partners sold 173 Spring Street, SoHo, Manhattan for $21 million to Glass Stone Properties on March 15, 2024.
• Samuel Pfeiffer sold 4202 Fort Hamilton Pkwy, Borough Park, Brooklyn for $12.3 million to Bluestone Group on October 25, 2023.
• Bluestone Group sold 450 E 144th St, Mott Haven, Bronx for $3.3 million to Joel Weiss on October 02, 2023.
• Bluestone Group borrowed $8.5 million from TriState Capital Bank for 609 Jackson Avenue, Longwood, Bronx on June 23, 2023.
• Bluestone Group sold 90-02 Queens Boulevard, Elmhurst, Queens for $10.4 million to Kassin Sabbagh Realty on April 21, 2023.
• Bluestone Group sold 87-28 58th Avenue, Elmhurst, Queens for $5 million to Kassin Sabbagh Realty on April 21, 2023.
• Bluestone Group sold 90-02 Queens Boulevard, Elmhurst, Queens for $8 million to Kassin Sabbagh Realty on April 21, 2023.
• Bluestone Group sold 3219 East Tremont Avenue, Schuylerville, Bronx for $5.2 million to Anibal Gomez on April 13, 2023.
• Bluestone Group sold 3225 East Tremont Avenue, Schuylerville, Bronx for $1.1 million to Anibal Gomez on April 13, 2023.
Latest Stories:
• Jacob Fulop pays $10M to Madison Realty Capital for dev site in Borough Park (January 15, 2025)
• Silvera Properties files plans for two-tower, 60-unit building in Chelsea (December 19, 2024)
• Cheskel Schwimmer’s Chess Builders files plans for 132 units in Hell’s Kitchen (March 25, 2024)
• Bluestone Group acquires dev site in Borough Park through bankruptcy (October 26, 2023)
• Joel Weiss pays $3.3M to Bluestone Group for 18-unit rental in Mott Haven (October 03, 2023)
Court Records:
Properties: