Alloy Development

Owner, Developer

Partnership

20 Jay Street, Suite 1003 Brooklyn, NY 11201

People:

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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 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.

Court Records:

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Properties:

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*The Portfolio Value is the city’s Market Value, which is typically 50% or less of actual market value.

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