Alloy Development
Owner, Developer
Partnership
20 Jay Street, Suite 1003 Brooklyn, NY 11201
People:
Alloy Development portfolio
$17 million* – condo 38.0%, specialty 32.0%; Brooklyn 100.0%, Manhattan 0.0%
1947th largest portfolio by dollar value
554,440 sqft – condo 88.0%, specialty 7.0%;
561th largest by SF
11 properties – Brooklyn 100%, Manhattan 0%
803th largest
4 residential units – Brooklyn 100.0%, Manhattan 0.0%
5654th largest by residential units
0 foreclosures, 0 bankruptcies, 1 other court case.
Company Activity past 24 months:
Buyer company: 1 for $15 million
Borrower company: 3 for $292.5 million
Top Ten Associated Companies:
Maxim Capital Group (2), Bank of America (2), Madison Square Boys & Girls Club (1), Goldman Sachs (1), New York Life Insurance Company (1)
Top Ten Associated People:
Jeffrey Dold (1), Delilah Iovino (1), Eric Chan (1)
Recent activity as company:
• Alloy Development borrowed $42.5 million from Maxim Capital Group for 362 Schermerhorn Street, Boerum Hill, Brooklyn on January 14, 2025.
• Alloy Development for Alexander Pires filed plans for new building for 639,873 sqft in Boerum Hill, Brooklyn, on January 14, 2025.
• Alloy Development borrowed $240 million from New York Life Insurance Company for 100 Flatbush Avenue, 100 Flatbush Avenue, 489 State Street, and 100 Flatbush Avenue, None, Brooklyn on December 30, 2024.
• Alloy Development borrowed $10 million from Maxim Capital Group for 240 Nassau Street, Downtown Brooklyn, Brooklyn on November 29, 2023.
• Madison Square Boys & Girls Club sold 240 Nassau Street, Downtown Brooklyn, Brooklyn for $15 million to Alloy Development on November 29, 2023.
• Alloy Development borrowed $155 million from Goldman Sachs for 100 Flatbush Avenue, 100 Flatbush Avenue, 100 Flatbush Avenue, 489 State Street, and 489 State Street, Brooklyn, Brooklyn on August 13, 2021.
• Alloy Development borrowed $25 million from Bank of America for 370 Schermerhorn Street, 183 Plymouth Street, 1 John Street, Brooklyn, Brooklyn on July 22, 2019.
• Alloy Development borrowed $10 million from Bank of America for 370 Schermerhorn Street, Brooklyn, Brooklyn on July 22, 2019.
Latest Stories:
• Alloy signs $42.5M refi with Maxim Capital for retail conversion in Boerum Hill (January 15, 2025)
• Alloy Street Development obtained financing of $25M from Bank Of America (July 23, 2019)
• Alloy Street Development obtained financing of $10M from Bank Of America (July 23, 2019)
Court Records:
Properties: