Midwood Investment & Development

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Midwood Investment & Development portfolio

$63.3 million* – elevator 65%, retail 19%; Manhattan 76%, Brooklyn 23%

812th largest portfolio by dollar value

216,639 sqft – elevator 65%, retail 22%;

1122th largest by SF

4 properties – Manhattan 50%, Brooklyn 50%

1793th largest

159 residential units – Manhattan 100%, Bronx 0%

1038th largest by residential units

0 foreclosures, 0 bankruptcies, 1 other court case.

Company Activity past 24 months:

Seller company: 1 for $6.3 million

Borrower company: 2 for $14 million

Top Ten Associated Companies:

Valley National Bank (2), Renee J. James (1), BlackRock (1), MetLife (1), Dana Sasouness (1), Woodmen of the World Life Insurance Society (1), Bashir A. Alsaedi (1), Sadeeq A. Alsaedi (1), Stanley Myer (1), Feil Organization (1)

Top Ten Associated People:

Alfred Sorrentino, Jr. (2), Renee J. James (1), Debra Mistretta (1), Michael Hofheinz (1), Dana Sasouness (1), Bashir A. Alsaedi (1), Stanley Myer (1), Jeffrey J. Feil (1)

Recent activity as company:

• Midwood Investment & Development borrowed $0 from BCG Holdings for 210 Douglass Street, Gowanus, Brooklyn on January 03, 2025.

• Midwood Investment & Development sold 626 Manhattan Avenue, Greenpoint, Brooklyn for $6.3 million to Bashir A. Alsaedi and Sadeeq A. Alsaedi on November 02, 2023.

• Midwood Investment & Development borrowed $14 million from Woodmen of the World Life Insurance Society for 535 Morgan Avenue, East Williamsburg, Brooklyn on August 08, 2023.

• Midwood Investment & Development sold 150 East 78th Street, Lenox Hill, Manhattan for $17 million to Dana Sasouness on July 18, 2022.

• Midwood Investment & Development borrowed $11 million from Valley National Bank for 829 Madison Avenue, Lenox Hill, Manhattan on June 24, 2022.

• Midwood Investment & Development borrowed $63.5 million from MetLife for 56 7th Avenue, West Village, Manhattan on May 20, 2022.

• BlackRock sold 56 7th Avenue, West Village, Manhattan for $102 million to Midwood Investment & Development on May 20, 2022.

• Midwood Investment & Development and EJS Group sold 150 East 78th Street, Lenox Hill, Manhattan for $19.6 million to Renee J. James on May 09, 2022.

• Midwood Investment & Development borrowed $14.2 million from Valley National Bank for 210 Douglas Street, Gowanus, Brooklyn on February 23, 2022.

• Stanley Myer sold 829 Madison Avenue, Lenox Hill, Manhattan for $17 million to Midwood Investment & Development on February 09, 2022.