Atlantis Development

1602 Hering Avenue Bronx NY 10461

2068 Tenbroeck Ave Bronx, NY 10461

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Atlantis Development NYC portfolio

$87 million -development 87%, industrial 11%; Bronx 97%, Queens 2%*

1631th largest portfolio by dollar value

12,070 sqft – industrial 100%; Bronx 79%, Queens 20%

5821th largest by SF

13 properties – Bronx 76%, Queens 23%

815th largest

93 residential units – Bronx 100%

1881th largest by residential units

Company Activity past 24 months:

Buyer company: 4 for $14.5 million

Seller company: 2 for $7.1 million

Borrower company: 3 for $55.6 million

Developer (new building or major alteration): 2 for 125,202 square feet

Top Ten Associated Companies:

Northeast Community Bank (2), UBS (2), Samuel Klein (1), Zachary Haring (1), 33 Equities (1), Chaim Schwartz (1), Moishe Herman (1), NorthEast Community Bank (1)

Top Ten Associated People:

Raymond L. Francis (2), Samuel Klein (1), Zachary Haring (1), Zachary Hering (1), Chaim Schwartz (1), Moishe Herman (1), Racquel Small (1), Nicholas Martin (1)

Recent activity as company:

Atlantis Development borrowed $22.8 million from NorthEast Community Bank for 1916 Longfellow Avenue on March 24, 2026.

• Cojam Construction sold None for $2.9 million to Atlantis Development on February 26, 2026.

Children’s Aid sold 1222 Southern Boulevard for $3.9 million to Atlantis Development on October 27, 2025.

Atlantis Development for Robert Lumaj filed plans for new building for 67,000 sqft in East Morrisania, Bronx, on April 27, 2025.

Atlantis Development for Robert Lumaj filed plans for new building for 58,202 sqft in East Morrisania, Bronx, on April 24, 2025.

• Dykes Lumber Co. sold 1775 West Farms Road for $4.2 million to Atlantis Development on December 11, 2024.

BNS Real Estate sold 1779 West Farms Road for $3.6 million to Atlantis Development on December 11, 2024.

Atlantis Development sold 596 East 170 Street for $5 million to Moishe Herman on July 16, 2024.

Atlantis Development borrowed $18 million from UBS for 2001 Creston Avenue on July 12, 2024.

Atlantis Development sold 1232 Fulton Avenue for $2.1 million to Samuel Klein on June 11, 2024.

Properties:

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