Peter Papamichael
VOREA Group
Developer, Owner
VOREA Group portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$34.3 million – development 32%, industrial 29%; Queens 81%, Brooklyn 18%
1210th largest portfolio by dollar value
315,913 sqft – industrial 32%, development 30%;
856th largest by SF
10 properties – Queens 60%, Brooklyn 40%
148th largest
903 residential units – Queens 60%, Brooklyn 39%
241th largest by residential units
Person Activity past 24 months:
Buyer signatory: 0 for $0
Seller signatory: 0 for $0
Borrower signatory: 1 for $6.6 million
Lender signatory: 0 for $0
Developer (new building or major alteration): 1 for 2,500 square feet
Top Ten Associated Companies:
Fortress Storage (2), Lisa Levy (1), Coren family (1), 360 Capital Funding (1), Edward Farrell (1), Signature Bank (1), Lawrence T. Dolin (1), ACRES Capital (1), JPMorgan Chase (1)
Top Ten Associated People:
David N. Brooks (1), Edward Farrell (1), Lawrence T. Dolin (1), Ladd Thorne (1), Ladd M. Thorne (1), Jaclyn Jesberger (1), Ursula Flores (1)
Recent activity as signatory:
• VOREA Group borrowed $6.6 million from JPMorgan Chase for 34-57 82nd Street, Jackson Heights, Queens on November 18, 2024.
• Peter Papamichael filed plans for major alteration for 2,500 sqft in Long Island City, Queens, on April 03, 2023.
• VOREA Group borrowed $23.5 million from 360 Capital Funding for 10-04 Borden Avenue, Long Island City, Queens on January 17, 2023.
• VOREA Group sold 5-36 50th Avenue, Long Island City, Queens for $11.4 million to Lisa Levy and Coren family on September 26, 2022.
• Lawrence T. Dolin sold 5-36 50th Avenue, Long Island City, Queens for $4.7 million to Vorea Group on August 26, 2022.
• VOREA Group borrowed $5 million from Signature Bank for 11-20 43rd Road, Long Island City, Queens on April 22, 2022.
• Vorea Group borrowed $24.1 million from ACRES Capital for 23-20 Jackson Avenue, Long Island City, Queens on March 18, 2022.
• Peter Papamichael filed plans for major alteration for 20,166 sqft in Long Island City, Queens, on November 30, 2021.
• Peter Papamichael filed plans for new building for 385,231 sqft in Gowanus, Brooklyn, on October 29, 2021.
• Peter Papamichael filed plans for new building for 312,858 sqft in Gowanus, Brooklyn, on October 28, 2021.
Latest Stories:
• VOREA Group sells 99% stake in LIC industrial for $11.4M (September 27, 2022)
• Vorea Group pays $4.7M for dev site industrial in Long Island City (August 29, 2022)
• Vorea Group signs $24.1M loan with ACRES for hotel in Long Island City (March 21, 2022)
• VOREA, Domain, L+M pay $88.5M to Fortress Storage for dev site in LIC (October 04, 2021)
• Peter Papamichael pays $3.4M for industrial in Long Island City (March 23, 2021)
• Vorea Group signs contract with storage company in LIC, pays $2M deposit (October 12, 2020)
• Vorea Group obtained financing of $35M from Acres Loan Origination (August 29, 2019)