Asset Realty & Construction Group

Lender

1590 Troy Avenue, Brooklyn, NY 11234

People:

To see the 1 person from this company you need a Professional level subscription

Subscribe ($125/month)

Asset Realty & Construction Group NYC portfolio

$52.8 million -elevator 50%, development 49%; Bronx 50%, Queens 49%*

2206th largest portfolio by dollar value

49,563 sqft – elevator 100%; Bronx 100%

3509th largest by SF

2 properties – Bronx 50%, Queens 50%

3767th largest

66 residential units – Bronx 100%

2302th largest by residential units

Company Activity past 24 months:

Seller company: 1 for $2 million

Borrower company: 1 for $20 million

Top Ten Associated Companies:

Thomas Polsinelli (2), Columbia Bank (1), Investors Bank (1), Jack Aini (1), Criterion Group (1), Metropolitan Council on Jewish Poverty (1), 1st Constitution Bank (1), Solomon Fried (1), Kathleen Tomassetti (1), Bankwell Bank (1)

Top Ten Associated People:

Thomas Polsinelli (2), Yung Ching Siu (1), Matthew LoCurto (1), Lisa A. Borghese (1), Solomon Fried (1), Kathleen Tomassetti (1), Michael Sulkis (1)

Recent activity as company:

• Asset Realty & Construction Group borrowed $20 million from Bankwell Bank for 3160 Villa Avenue on June 30, 2026.

• Asset Realty & Construction Group sold 130 Beach 137 Street for $2 million to Kathleen Tomassetti on March 19, 2025.

• Thomas Polsinelli borrowed $13.2 million from Arbor Realty Trust for 114-06 Rockaway Beach Boulevard, 114-30 Rockaway Beach Boulevard, 114-06 Rockaway Beach Boulevard, 114-30 Rockaway Beach Boulevard, 114-06 Rockaway Beach Boulevard, and others, Rockaway Park, Queens on March 13, 2025.

• Asset Realty & Construction Group sold 902 East 92 Street for $4.5 million to Solomon Fried on May 16, 2024.

• Asset Realty & Construction Group sold 114-06 Rockaway Beach Boule, 114-30 Rockaway Beach Boule, 114-06 Rockaway Beach Boule, 114-30 Rockaway Beach Boule, 114-06 Rockaway Beach Boule, and others, Rockaway Park, Queens for $13.5 million to Thomas Polsinelli on February 27, 2024.

• Thomas Polsinelli borrowed $12.8 million from Asset Realty & Construction Group for 114-06 Rockaway Beach Boule, 114-30 Rockaway Beach Boule, 114-06 Rockaway Beach Boule, 114-30 Rockaway Beach Boule, 114-06 Rockaway Beach Boule, and others, Rockaway Park, Queens on December 15, 2023.

• Asset Realty & Construction Group borrowed $19.7 million from Columbia Bank for Railroad avenue on December 01, 2023.

• Asset Realty & Construction Group sold 9114 Ditmas Avenue for $14.8 million to Commonwealth Edison Company on October 05, 2023.

• Asset Realty & Construction Group sold 215 Beach 101 Street for $5.8 million to Jack Aini on August 31, 2022.

• Asset Realty & Construction Group sold 190 Beach 102 Street for $3.8 million to Thomas Polsinelli on August 30, 2022.

Properties:

To see the 2 properties for this company you need a Professional level subscription

Subscribe ($125/month)

Leave a Reply