Damien Smith

Prosper Property Group

Owner

Prosper Property Group portfolio

$27.2 million* – office 87%, mixed-use 4%; Brooklyn 87%, Manhattan 8%

1413th largest portfolio by dollar value

116,810 sqft – office 89%, elevator 8%;

1740th largest by SF

4 properties – Manhattan 50%, Brooklyn 25%

1833th largest

10 residential units – Queens 100%, Manhattan 0%

4042th largest by residential units

Person Activity past 24 months:

Buyer signatory: 2 for $53.2 million

Seller signatory: 3 for $31.7 million

Borrower signatory: 1 for $31.2 million

Developer (new building or major alteration): 9.0 for 42,648 square feet

Top Ten Associated People:

Ann S. Wilhelm (1), Adam P. Ercoli (1), Joseph Rubin (1), Jonathan Somerstein (1), Edion Mecaj (1), Virgil Chong (1), Jeffrey Kaplan (1), Ryan Supple (1), Juan Barahona (1), Thomas L. Gazianis (1)

Recent activity as company:

Prosper Property Group, Zuccarello Zerillo & Company and GRA Equities borrowed $31.2 million from Argentic Investment Management for 57 Willoughby Street, Downtown Brooklyn, Brooklyn on August 09, 2024.

Meadow Partners sold 57 Willoughby Street, Downtown Brooklyn, Brooklyn for $48 million to Prosper Property Group, Zuccarello Zerillo & Company and GRA Equities on August 09, 2024.

Virgil Chong sold 305-307 Church Street, Tribeca, Manhattan for $5.2 million to Prosper Property Group on February 07, 2024.

Damien Smith and Jack Caliendo sold 11-06 Broadway, Astoria, Queens for $17 million to EM Group on February 06, 2024.

Peter Zuccarello, Damien Smith, Gandolfo DiFiore, Joseph Mazzola and Gerald Caliendo sold 68-19 Woodhaven Boulevard, Rego Park, Queens for $12.5 million to SMJ Development on October 26, 2023.

Kieran Treanor and Damien Smith sold 1172 Fulton Street, Bedford Stuyvesant, Brooklyn for $2.2 million to Park Slope Associates on June 09, 2023.

Kieran Treanor and Damien Smith sold 14-35 Broadway, Astoria, Queens for $2.6 million to Ali Mohamad on November 29, 2022.

Prosper Property Group borrowed $5 million from Fieldpoint Private Bank & Trust for 27-10 37th Avenue, Long Island City, Queens on September 30, 2022.

Damien Smith borrowed $33 million from Valley National Bank for 63 Pitt Street, Lower East Side, Manhattan on September 06, 2022.

Damien Smith filed plans for new building for 104,890 sqft in Astoria, Queens, on March 02, 2022.

Latest Stories:

• Prosper Property Group, partners, pay $48M to Meadow Partners for office in Downtown Brooklyn (August 12, 2024)

• SMJ Development signs $85.1M construction loan with city for development in Rego Park (July 05, 2024)

• Prosper Property Group pays $5.2M for mixed-use in Tribeca (February 08, 2024)

• EM Group pays $17M for large dev site in Astoria (February 07, 2024)

• SMJ Development pays $12.5M for 133-unit dev site in Rego Park (October 27, 2023)

• Park Slope Associates pays $2.2M for mixed-use in Bedford Stuyvesant (June 12, 2023)

• Meadow signs $59.4M refi with Fortress for office building in Downtown Brooklyn (October 04, 2021)

• Damien Smith signs $22M construction loan with Parkview Financial for LES project (May 21, 2021)

• Damien Smith pays $7M to Chryssanthi Ventouratos for property in Queens (March 17, 2021)

• Prosper Property Group pays $10.5M to Paul Stallings for LES development site (July 14, 2020)

Court Records:

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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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