Barone Management
People:
Barone Management NYC portfolio
$150.6 million -specialty 44%, industrial 29%, office 22%; Queens 81%, Bronx 18%*
1161th largest portfolio by dollar value
305,093 sqft – specialty 46%, office 33%, industrial 10%; Queens 67%, Bronx 29%, Brooklyn 2%
1177th largest by SF
11 properties – Queens 58%, Bronx 33%, Brooklyn 8%
926th largest
11 residential units – Brooklyn 100%
4624th largest by residential units
0 foreclosures, 1 bankruptcy, 0 other court cases.
Company Activity past 24 months:
Buyer company: 2 for $19.8 million
Seller company: 1 for $85 million
Borrower company: 4 for $64.8 million
Developer (new building or major alteration): 2 for 68,922 square feet
Top Ten Associated Companies:
Metropolitan Commercial Bank (4), OptimumBank (1), Webster Bank (1), Low Income Investment Fund (1), Renaissance Charter School (1), Fieldpoint Private Bank & Trust (1), Berkshire Group (1), Castellan Capital (1), Broadview Capital (1), Self-Help Credit Union (1)
Top Ten Associated People:
Michael Savarese (1), Daniel Panelli (1), Adam P. Ercoli (1), Jay Shah (1), Vivek Baid (1), Lawrence Andelsman (1), Allison Moy (1)
Recent activity as company:
• Barone Management for John Silviano filed plans for major alteration for 24,184 sqft in Elmhurst, Queens, on April 01, 2026.
• Barone Management sold 45-20 83rd St and 45-20 83rd St, Elmhurst, Queens for $85 million to Renaissance Charter School on December 18, 2025.
• McSam Hotel Group sold 108-68 Roosevelt Avenue and 108-68 Roosevelt Avenue, None, Queens for $14.4 million to Barone Management on December 15, 2025.
• Barone Management borrowed $14 million from Webster Bank for 108-68 Roosevelt Avenue and 108-68 Roosevelt Avenue, None, Queens on December 15, 2025.
• Barone Management and Michael DeSousa borrowed $20 million from OptimumBank for 44-19 9 Street on November 25, 2025.
• Barone Management for John Silviano filed plans for new building for 44,738 sqft in Kingsbridge Heights, Bronx, on November 20, 2025.
• Barone Management borrowed $5.8 million from Self-Help Credit Union for Childrens circle day care center on April 03, 2025.
• Markis Management sold Childrens circle day care center for $5.4 million to Barone Management on April 03, 2025.
• Barone Management, Shie Lefkovits and Azimuth Development Group borrowed $25 million from Broadview Capital for 134-01 221 Street on November 06, 2024.
• Barone Management borrowed $8.1 million from Low Income Investment Fund for 629 Courtlandt Avenue on June 23, 2023.
Latest Stories:
• Barone Management puts LIC office building listed for $31.5M in bankruptcy (November 15, 2024)
• Barone Management signs $8.1M construction loan for charter school in Melrose (August 17, 2023)
• Azimuth pays $8.7M to Top Rock for dev site in Laurelton (August 17, 2023)
• Top Rock Holdings pays $7M for development in Laurelton (December 12, 2022)
• Barone Management pays $22M for two dev parcels in Elmhurst, gets $40M loan (September 12, 2022)
Court Records:
Properties: