Joseph Lostritto
Owner
Joseph Lostritto portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$27.8 million – industrial 100%; Queens 100%, Manhattan 0%
1368th largest portfolio by dollar value
224,106 sqft – industrial 100%;
1071th largest by SF
Person Activity past 24 months:
Buyer signatory: 0 for $0
Seller signatory: 0 for $0
Borrower signatory: 2 for $71.4 million
Lender signatory: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
JPMorgan Chase (2), TD Bank (2), Jacob Gruber estate (1), Yaakov Roth (1), New York Community Bank (1), Princeton Real Estate Partners (1)
Top Ten Associated People:
Leart Saliu (2), Yaakov Roth (1), Brian J. Terry (1), Joseph Tabak (1)
Recent activity as signatory:
• Steel Equities borrowed $18.4 million from JPMorgan Chase for 99 Paidge Avenue, Greenpoint, Brooklyn on May 31, 2024.
• Steel Equities borrowed $52.9 million from JPMorgan Chase for 59 Paidge Avenue and 215 Paidge Avenue, Greenpoint, Brooklyn on May 31, 2024.
• Jacob Gruber estate sold 53-06 Grand Avenue and 53-14 Grand Avenue, Maspeth, Queens for $9.5 million to Lostritto family on January 04, 2022.
• Steel Equities borrowed $70 million from TD Bank for 325-333 Johnson Avenue, East Williamsburg, Brooklyn on August 11, 2021.
• Princeton Real Estate Partners sold 121 Morgan Avenue, East Williamsburg, Brooklyn for $18.2 million to Steel Equities on February 01, 2021.
• Steel Equities borrowed $22 million from New York Community Bank for 100 APOLLO STREET, 375 JOHNSON AVENUE, 377 JOHNSON AVENUE, 375 JOHNSON AVENUE, 132 BOGART STREET, and others, Brooklyn, Brooklyn on November 20, 2020.
• Yaakov Roth sold 375 Johnson Avenue, 377 Johnson Avenue, 375 Johnson Avenue, 132 Bogart Street, 132 Bogart Street, and others, East Williamsburg, Brooklyn for $20 million to Steel Equities on November 17, 2020.
• Steel Equities borrowed $50.2 million from TD Bank for 339 Johnson Avenue, 325 Johnson Avenue, East Williamsburg, Brooklyn on July 06, 2020.
Latest Stories:
• Steel Equities buys 50% stake in troubled E. W’burg site from Bruman Realty January 14, 2021
• Steel Equities borrows $22M from New York Community for property in Brooklyn November 23, 2020
• Steel Equities pays $20M to Yaakov Roth for property in East Williamsburg November 18, 2020
• Steel Equities refinances $50.2M from TD Bank for property in East Williamsburg July 07, 2020