Borough Developers
199 Lee Ave #471 Brooklyn NY 11219
People:
Borough Developers portfolio
$8.1 million* – V1 80.0%, retail 17.0%; Brooklyn 100.0%, Manhattan 0.0%
2987th largest portfolio by dollar value
102,650 sqft – V1 55%, development 31%;
1895th largest by SF
9 properties – Brooklyn 100%, Manhattan 0%
985th largest
40 residential units – Brooklyn 100%, Manhattan 0%
2426th largest by residential units
Company Activity past 24 months:
Buyer company: 8 for $34.3 million
Borrower company: 5 for $84 million
Top Ten Associated Companies:
Luis Nieves Sanchez (4), S3 Capital (3), Joseph Lentini (2), Eliezer Meisels (1), Broadview Capital (1), Citibank (1), Slate Property Group (1)
Top Ten Associated People:
Luis Nieves Sanchez (4), Joseph Lentini (2), Daniel Rabanipour (1), Lawrence Andelsman (1), Ana Rosu Marmann (1), David Schwartz (1), Joshua Crane (1)
Recent activity as company:
• Watermark Capital Group and Borough Developers borrowed $20 million from Citibank for 176 Central Avenue and N/A Hart Street, Bushwick, Brooklyn on November 19, 2024.
• Borough Developers for Shimon Kleinman filed plans for new building for 12,708 sqft in Bedford Stuyvesant, Brooklyn, on October 14, 2024.
• Borough Developers for Mendel Berkowitz filed plans for new building for 13,653 sqft in Bedford Stuyvesant, Brooklyn, on July 31, 2024.
• Borough Developers borrowed $8.1 million from Broadview Capital for 446 Park Avenue and 448 Park Avenue, Bedford Stuyvesant, Brooklyn on July 18, 2024.
• Eliezer Meisels sold 446 Park Avenue and 448 Park Avenue, Bedford Stuyvesant, Brooklyn for $4.8 million to Borough Developers on July 18, 2024.
• Borough Developers borrowed $9 million from S3 Capital for 96 Moore Street, 107 Moore Street, 103 Moore Street, and 105 Moore Street, Williamsburg, Brooklyn on July 08, 2024.
• Luis Nieves Sanchez sold 107 Moore Street, Williamsburg, Brooklyn for $487,500 to Borough Developers on July 02, 2024.
• Luis Nieves Sanchez sold 105 Moore Street, Williamsburg, Brooklyn for $887,500 to Borough Developers on July 02, 2024.
• Luis Nieves Sanchez sold 103 Moore Street, Williamsburg, Brooklyn for $875,000 to Borough Developers on July 02, 2024.
• Luis Nieves Sanchez sold 96 Moore Street, Williamsburg, Brooklyn for $1.4 million to Borough Developers on July 02, 2024.
Latest Stories:
• Borough Developers pays $4.8M for dev site in Bedford Stuyvesant (July 19, 2024)
• Borough Developers pays $3.6M for 4 dev sites in Williamsburg, plans 32 units (July 03, 2024)
• Borough Developers pays $12M to Slate for 101-unit dev site in Fort Greene (January 09, 2024)
• Shimon Kleinman plans 29-unit mixed-use conversion in Williamsburg (December 21, 2023)
• Borough Developers plans 101-unit building in Fort Greene (December 02, 2023)
• Yoel Zagelbaum entities borrow $104.4M against 7 properties in NYC (March 02, 2023)
Properties: