Kingsdel Real Estate

Kingsdel Real Estate portfolio

$1.5 million* – development 48%, specialty 24%; Brooklyn 100%, Manhattan 0%

5804th largest portfolio by dollar value

2,800 sqft – industrial 71%, retail 28%;

6973th largest by SF

10 properties – Brooklyn 100%, Manhattan 0%

900th largest

18 residential units – Brooklyn 100%, Manhattan 0%

3388th largest by residential units

Company Activity past 24 months:

Buyer company: 3 for $15.1 million

Borrower company: 3 for $52.3 million

Top Ten Associated Companies:

Joseph Merola Jr. (2), Urban Standard Capital (2), Joseph Segreti (1), S3 Capital (1)

Top Ten Associated People:

Joseph Merola Jr. (2), Seth Weissman (1), Joseph Segreti (1)

Recent activity as company:

• Kingsdel Real Estate borrowed $11.3 million from S3 Capital for 703 Prospect Place, 705 Prospect Place, 699 Prospect Place, 701 Prospect Place, and 1415 Bedford Avenue, Crown Heights, Brooklyn on April 18, 2024.

• Joseph Segreti sold 703 Prospect Place, 705 Prospect Place, 699 Prospect Place, 701 Prospect Place, and 1415 Bedford Avenue, Crown Heights, Brooklyn for $4 million to Kingsdel Real Estate on April 18, 2024.

• Kingsdel Real Estate borrowed $34 million from Urban Standard Capital for 447 Fenimore Street and 625 New York Avenue, Prospect Lefferts Gardens, Brooklyn on October 12, 2023.

• Kingsdel Real Estate borrowed $7 million from Urban Standard Capital for 447 Fenimore Street, 629 New York Avenue, 625 New York Avenue, N/A Fenimore Street, and N/A Fenimore Street, Prospect Lefferts Gardens, Brooklyn on March 10, 2023.

• Joseph Merola Jr. sold 447 Fenimore Street, Prospect Lefferts Gardens, Brooklyn for $2.6 million to Kingsdel Real Estate on February 28, 2023.

• Joseph Merola Jr. sold 629 New York Avenue, 625 New York Avenue, N/A Fenimore Street, and N/A Fenimore Street, East Flatbush, Brooklyn for $8.4 million to Kingsdel Real Estate on February 28, 2023.

• Kingsdel Real Estate for Nigel Boyden filed plans for new building for 43,380 sqft in East Flatbush, Brooklyn, on September 16, 2022.

• Kingsdel Real Estate for Nigel Boyden filed plans for new building for 13,496 sqft in Prospect Lefferts Gardens, Brooklyn, on September 16, 2022.