Asset Realty & Construction Group

Lender

1590 Troy Avenue, Brooklyn, NY 11234

People:

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Asset Realty & Construction Group NYC portfolio

$45.6 million -development 57%, elevator 42%; Queens 57%, Bronx 42%*

2334th largest portfolio by dollar value

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

3463th largest by SF

2 properties – Bronx 50%, Queens 50%

3750th largest

66 residential units – Bronx 100%

2269th largest by residential units

Company Activity past 24 months:

Seller company: 3 for $19.9 million

Lender company: 1 for $12.8 million

Top Ten Associated Companies:

Thomas Polsinelli (2), Kathleen Tomassetti (1), Commonwealth Edison Company (1), 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)

Top Ten Associated People:

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

Recent activity as company:

• 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.

• Asset Realty & Construction Group sold Boston road for $5.8 million to Criterion Group on December 01, 2021.

Properties:

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