Joseph Torres
(Jose Torres, Joseph I. Torres, Joseph I. Torres Jr., Jose I. Torres Jr.)
Owner
Joseph Torres portfolio
$45.1 million* – hotel 39%, elevator 30%; Brooklyn 100%, Manhattan 0%
1017th largest portfolio by dollar value
203,586 sqft – hotel 48%, walkup 28%;
1196th largest by SF
5 properties – Brooklyn 100%, Manhattan 0%
1506th largest
97 residential units – Brooklyn 100%, Manhattan 0%
1457th largest by residential units
1 foreclosure, 2 bankruptcies, 0 other court cases.
Person Activity past 24 months:
Seller signatory: 2 for $25.4 million
Borrower signatory: 2 for $24.8 million
Developer (new building or major alteration): 12.0 for 104,137 square feet
Top Ten Associated Companies:
Ellington Management Group (2), Sunlight Development Group (1), Xia Zhou (1), Edgewood Capital Advisors (1), Robert Cerrone (1)
Top Ten Associated People:
Ryan Connolly (1), Linzhong Zhuo (1), Michael House (1), Katherine Meagher (1), Robert Cerrone (1)
Recent activity as company:
• Joseph Torres sold 38-24 32nd Street, Long Island City, Queens for $6.6 million to Robert Cerrone on May 01, 2024.
• Joseph Torres borrowed $16 million from Ellington Management Group for 99 Sutton Street, Greenpoint, Brooklyn on August 09, 2023.
• Joseph Torres sold 49 Ash Street, Greenpoint, Brooklyn for $18.8 million to Sunlight Development Group and Xia Zhou on August 01, 2023.
• Joseph Torres borrowed $8.8 million from Edgewood Capital Advisors for 214 Franklin Street, Greenpoint, Brooklyn on July 07, 2023.
• Joseph I. Torres Jr. borrowed $13.3 million from Ellington Management Group for 49 Ash Street, Greenpoint, Brooklyn on July 25, 2022.
Latest Stories:
• Robert Cerrone of Park Construction buys bankrupt LIC dev site for $6.6M (April 10, 2024)
• $18.5M bankruptcy filed for residential loft building in Dumbo (November 08, 2023)
• Sunlight Development Group pays $18.8M for industrial in Greenpoint (August 02, 2023)
• $18.5M pre-foreclosure on Dumbo mixed-use property (May 22, 2023)
Court Records:
Properties: