Joseph Torres

(Jose Torres, Joseph I. Torres, Joseph I. Torres Jr., Jose I. Torres Jr.)

Owner

77 Box Street Brooklyn, NY 11222

Joseph Torres portfolio

(NYC’s “Market Value,” 50% or less of actual value)

$45.1 million – hotel 39%, elevator 30%; Brooklyn 100%, Manhattan 0%

998th largest portfolio by dollar value

203,586 sqft – hotel 48%, walkup 28%;

1172th largest by SF

5 properties – Brooklyn 100%, Manhattan 0%

152th largest

97 residential units – Brooklyn 100%, Manhattan 0%

701th largest by residential units

1 foreclosure, 2 bankruptcies, 0 other court cases.

Person Activity past 24 months:

Buyer signatory: 0 for $0

Seller signatory: 2 for $25.4 million

Borrower signatory: 2 for $24.8 million

Lender signatory: 0 for $0

Developer (new building or major alteration): 5 for 104,137 square feet

Top Ten Associated Companies:

Ellington Management Group (2), Edgewood Capital Advisors (1), Sunlight Development Group (1), Xia Zhou (1), Robert Cerrone (1)

Top Ten Associated People:

Ryan Connolly (1), Michael House (1), Linzhong Zhuo (1), Katherine Meagher (1), Robert Cerrone (1)

Recent activity as signatory:

• Joseph Torres filed plans for major alteration for 13,151 sqft in Williamsburg, Brooklyn, on January 08, 2025.

• Joseph Torres filed plans for major alteration for 57,821 sqft in Greenpoint, Brooklyn, on November 12, 2024.

• Jose Torres filed plans for major alteration for 3,464 sqft in Mariners Harbor, Staten Island, on May 31, 2024.

• Joseph Torres sold 38-24 32nd Street, Long Island City, Queens for $6.6 million to Robert Cerrone on May 01, 2024.

• Jose Torres filed plans for major alteration for 3,080 sqft in Mariners Harbor, Staten Island, on March 25, 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 Groupand 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 Torres filed plans for major alteration for 26,621 sqft in Greenpoint, Brooklyn, on April 07, 2023.

• Joseph I. Torres Jr. borrowed $13.3 million from Ellington Management Group for 49 Ash Street, Greenpoint, Brooklyn on July 25, 2022.

Litigation:

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