Scott Barone

Founder|Principal

Barone Management

Owner, Developer

Barone Management portfolio

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

$36.7 million – office 42%, specialty 35%; Queens 74%, Bronx 25%

1151th largest portfolio by dollar value

280,093 sqft – specialty 41%, office 36%;

918th largest by SF

10 properties – Queens 60%, Bronx 30%

147th largest

11 residential units – Brooklyn 100%, Manhattan 0%

787th largest by residential units

0 foreclosures, 1 bankruptcy, 0 other court cases.

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): 5 for 154,297 square feet

Top Ten Associated Companies:

Suzette Snider (3), Daniel Dee Snider (2), Metropolitan Commercial Bank (2), Peter Cascino (1), Vincent Gargiulo (1), Iris Nelson-Schwartz (1), W&L Group (1), Konstantinos Papadopoulos (1)

Top Ten Associated People:

Daniel Dee Snider (3), Suzette Snider (3), Peter Cascino (1), Iris Nelson-Schwartz (1), Tony Wang (1), Anastasios Papadopoulos (1)

Recent activity as signatory:

Scott Barone filed plans for major alteration for 1 sqft in Queens, on August 28, 2023.

Scott Barone filed plans for major alteration for 40,183 sqft in Morris Heights, Bronx, on April 03, 2023.

Scott Barone filed plans for major alteration for 21,265 sqft in Jamaica, Queens, on March 28, 2023.

Scott Barone filed plans for major alteration for 28,530 sqft in Melrose, Bronx, on March 03, 2023.

Scott Barone filed plans for major alteration for 64,318 sqft in Williamsbridge, Bronx, on January 20, 2023.

Scott Barone filed plans for major alteration for 42,180 sqft in Long Island City, Queens, on January 12, 2023.

Barone Management borrowed $40 million from Metropolitan Commercial Bank for 80-52 47th Avenue and 45-20 83rd Street, Elmhurst, Queens on September 09, 2022.

• Daniel Dee Sniderand Suzette Snider sold 629 Courtlandt Avenue, Melrose, Bronx for $4.1 million to Barone Management on September 02, 2022.

• Vincent Gargiuloand Suzette Snider sold 4035 White Plains Road, Wakefield, Bronx for $5.3 million to Barone Management on September 01, 2022.

Peter Cascino sold 801 Bartholdi Street, Williamsbridge, Bronx for $10.5 million to Barone Management on August 31, 2022.

Latest Stories:

• Barone Management signs $8.1M construction loan for charter school in Melrose August 17, 2023

• Barone Management pays $22M for two dev parcels in Elmhurst, gets $40M loan September 12, 2022

• Barone Management signs ground lease valued at $4.1M for redevelopment in Melrose September 06, 2022

• Barone Management signs ground lease valued at $5.3M for development property in Wakefield September 02, 2022

• Barone Management as tenant signs $10.5M ground lease for Williamsbridge dev site September 01, 2022

• Scott Barone-affiliate pays $14M for office in Melrose April 21, 2022

• Barone Management signs 99-year lease valued at $4.5M for industrial in Long Island City August 23, 2021

• Barone Management signs net lease valued at $14M with W&L Group in Gravesend July 09, 2021

• Barone Management is fully permitted for $3M project to convert 31K sf warehouse to 72K sf school in Elmhurst October 21, 2020

• W&L Group through Yong Hang Wang as signatory borrows $71M from G4 Capital Partners for new construction in Bensonhurst February 03, 2020

Litigation:

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