Blumenfeld Development Group
Blumenfeld Development Group NYC portfolio
$682.8 million -retail 32%, office 27%, industrial 21%; Manhattan 64%, Queens 35%*
338th largest portfolio by dollar value
1,950,056 sqft – retail 33%, industrial 31%, office 24%; Manhattan 68%, Queens 31%
253th largest by SF
11 properties – Manhattan 72%, Queens 27%
931th largest
3 residential units – Manhattan 100%
6803th largest by residential units
Company Activity past 24 months:
Seller company: 2 for $172.5 million
Borrower company: 3 for $263 million
Top Ten Associated Companies:
StorageMart (2), Carlyle Group (2), NYS Common Retirement Fund (1), Mark Dehnert (1), Argentic Investment Management (1), U.S. Bank (1), AIG (1), ING Capital (1), Invesco (1), 3650 REIT (1)
Top Ten Associated People:
Jason Hart (2), Mark Dehnert (1), Ryan Supple (1), Jeffrey T. Genuino (1), Michael Medvin (1), Jeffrey Schwartz (1), Craig Bender (1), Toby Cobb (1)
Recent activity as company:
• Carlyle Group and Blumenfeld Development Group sold 132-20 34 Avenue for $100.7 million to StorageMart and Carlyle Group on January 22, 2026.
• Carlyle Group and Blumenfeld Development Group sold 62-01 30 Avenue for $71.7 million to StorageMart and Carlyle Group on January 22, 2026.
• Blumenfeld Development Group and Brookfield Properties borrowed $195 million from ING Capital for 547 East 117 Street on December 23, 2025.
• Blumenfeld Development Group borrowed $40 million from U.S. Bank for 73-01 25 Avenue on December 10, 2025.
• Blumenfeld Development Group borrowed $28 million from 3650 REIT for None on September 19, 2024.
• Carlyle Group and Blumenfeld Development Group borrowed $84 million from Argentic Investment Management for 132-20 34 Avenue on December 01, 2023.
• LSC Development sold 62-01 30 Avenue for $50.6 million to Carlyle Group and Blumenfeld Development Group on December 01, 2023.
• LSC Development sold 132-20 34 Avenue for $72 million to Carlyle Group and Blumenfeld Development Group on December 01, 2023.
• Blumenfeld Development Group borrowed $22.5 million from NYS Common Retirement Fund for 73-01 25 Avenue on April 05, 2022.
• Blumenfeld Development Group sold 41 Great Jones Street, NoHo, Manhattan for $13 million to Mark Dehnert on March 15, 2022.
Latest Stories:
• Carlyle, Blumenfeld Development pay $122.6M for storage in Flushing, Woodside (December 11, 2023)
• LSC Development obtained financing of $24M from Fifth Third Bank (July 27, 2019)
Properties: