United Developers

147-18 Hillside Ave Jamaica, NY 11435

People:

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United Developers portfolio

$9.8 million* – retail 46%, development 21%; Queens 70%, Manhattan 13%

2684th largest portfolio by dollar value

40,535 sqft – retail 68%, mixed-use 12%;

3195th largest by SF

18 properties – Queens 83%, Manhattan 5%

522th largest

6 residential units – Queens 100%, Manhattan 0%

4866th largest by residential units

Company Activity past 24 months:

Buyer company: 5 for $13.7 million

Seller company: 1 for $5.6 million

Top Ten Associated Companies:

Stefanie A. Juster (2), Hubert Lawton foreclosed (1), Brad Goodman (1), Rajive Maret (1), Xhelal Ahmetaj (1), Juan Ortiz (1), Blue Communities (1), Michael Sgouros (1), Concern Logan Housing Development Fund (1), Salvatore M. Bruno (1)

Top Ten Associated People:

Stefanie A. Juster (2), Michael D. Benjamin (1), Brad Goodman (1), Rajive Maret (1), Xhelal Ahmetaj (1), Jerry A. Merola (1), Doron Pergament (1), Michael Sgouros (1), Ralph Fasano (1), Salvatore M. Bruno AKA Robert Bruno (1)

Recent activity as company:

• Michael Sgouros sold 1-92 Beach 116th Street, 186 Beach 116th Street, and 194 Beach 116th Street, Rockaway Park, Queens for $4.5 million to United Developers on May 01, 2024.

• Blue Communities sold N/A Beach 26th Street, N/A Beach 26th Street, N/A Beach 25th Street, N/A Beach 25th Street, N/A Beach 25th Street, and others, Far Rockaway, Queens for $1.3 million to United Developers on March 25, 2024.

• Juan Ortiz sold 252 West 31st Street, Penn Plaza, Manhattan for $2.9 million to United Developers on March 07, 2024.

• Stefanie A. Juster sold 94-01 63rd Drive, Rego Park, Queens for $2.5 million to United Developers on December 05, 2023.

• Stefanie A. Juster sold 94-19 63rd Drive, Rego Park, Queens for $2.5 million to United Developers on November 30, 2023.

• United Developers sold N/A Beach Channel Drive, Arverne, Queens for $5.6 million to Rajive Maret and Xhelal Ahmetaj on February 16, 2023.

• Hubert Lawton foreclosed sold 1344 Utica, East Flatbush, Brooklyn for $2 million to United Developers on September 16, 2022.

• Brad Goodman sold N/A Beach Channel Drive and 59-14 Beach Channel Drive, Arverne, Queens for $4 million to United Developers on August 11, 2022.

• Salvatore M. Bruno sold 57 East Kingsbridge Rd, Fordham Manor, Bronx for $3.1 million to United Developers on September 20, 2021.

• Eugene John Bleecker II sold 13-15 Beach Channel Drive, Far Rockaway, Queens for $2.3 million to United Developers on June 04, 2021.

Properties:

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*The Portfolio Value is the city’s Market Value, which is typically 50% or less of actual market value.

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