Louis Greco
(Louis V. Greco Jr., Louis Greco Jr.)
Second Development Services
Developer, Owner
Second Development Services portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$10.2 million – condo 100%; Brooklyn 100%, Manhattan 0%
2603th largest portfolio by dollar value
89,142 sqft – condo 100%;
2048th largest by SF
94 properties – Brooklyn 100%, Manhattan 0%
71th largest
51 residential units – Brooklyn 100%, Manhattan 0%
747th largest by residential units
1 foreclosure, 0 bankruptcies, 1 other court case.
Person Activity past 24 months:
Buyer signatory: 0 for $0
Seller signatory: 0 for $0
Borrower signatory: 0 for $0
Lender signatory: 0 for $0
Developer (new building or major alteration): 1 for 63,450 square feet
Top Ten Associated Companies:
Silver Point Capital (1), Fort Amsterdam Capital (1), Jay Schippers (1), Self-Help Credit Union (1)
Top Ten Associated People:
Michael A. Gatto (1), Louis V. Greco Jr. (1)
Recent activity as signatory:
• Louis Greco filed plans for major alteration for 63,450 sqft in Brooklyn, on May 05, 2023.
• Second Development Services borrowed $40 million from Silver Point Capital for 475 Washington Avenue, 475 Washington Avenue, 475 Washington Avenue, 475 Washington Avenue, 475 Washington Avenue, and others, Clinton Hill, Brooklyn on February 23, 2022.
• Barry Leon borrowed $39.9 million from Fort Amsterdam Capital for 475 Washington Avenue, Clinton Hill, Brooklyn on February 10, 2021.
• Louis V. Greco Jr. borrowed $16.6 million from Self-Help Credit Union for 156 17th Street, Sunset Park, Brooklyn on January 04, 2021.
• Louis V. Greco Jr. sold 156 17th Street, Sunset Park, Brooklyn for $6.7 million to Jay Schippers on July 14, 2020.
• Louis Greco Jr. filed plans for new building for 33,252 sqft in Greenwood Heights, Brooklyn, on October 19, 2017.
• Louis Greco filed plans for new building for 14,219 sqft in Columbia Waterfront, Brooklyn, on October 06, 2014.
• Louis Greco Jr. filed plans for new building for 92,553 sqft in Boerum Hill, Brooklyn, on September 23, 2014.