Borough Developers
199 Lee Ave #471 Brooklyn NY 11219
People:
Borough Developers NYC portfolio
$282.3 million -D1 30%, specialty 19%, mixed-use 16%; Brooklyn 74%, Manhattan 19%, Queens 5%*
826th largest portfolio by dollar value
347,890 sqft – hotel 32%, specialty 22%, D1 16%; Brooklyn 74%, Manhattan 22%, Queens 2%
1156th largest by SF
29 properties – Brooklyn 89%, Manhattan 6%, Queens 3%
389th largest
201 residential units – Brooklyn 98%, Manhattan 1%
1212th largest by residential units
Company Activity past 24 months:
Buyer company: 7 for $36.3 million
Borrower company: 10 for $278.6 million
Developer (new building or major alteration): 17 for 872,841 square feet
Top Ten Associated Companies:
S3 Capital (3), Oak Funding (2), Integritas Capital (1), Berkshire Residential Investments (1), Citibank (1), Valley National Bank (1), QuadReal Property Group (1), Strong Entities (1), Broadview Capital (1)
Top Ten Associated People:
Stephen Palmese (1), Jonathan Pfeil (1), Ana Rosu Marmann (1), Paul Stern (1), Joshua Crane (1), Jeremy Levart (1), Zev Aeder (1), Lawrence Andelsman (1)
Recent activity as company:
• David Tabak and Borough Developers borrowed $21 million from Oak Funding for 691 Fulton Street on June 05, 2026.
• Borough Developers and David Tabak borrowed $40 million from QuadReal Property Group for 319 East 17 Street on May 20, 2026.
• David Tabak and Borough Developers borrowed $23.5 million from Valley National Bank for 155 Broadway on May 05, 2026.
• David Tabak and Borough Developers borrowed $18.5 million from Oak Funding for 456 Bushwick Avenue on March 11, 2026.
• David Tabak and Borough Developers borrowed $64 million from Berkshire Residential Investments for 141 South Elliott Place on March 06, 2026.
• Chaskel Landau ground leased 54-08 Myrtle Avenue valued at $3.9 million to David Tabak and Borough Developers on October 30, 2025.
• Tolib Mansurov sold 75 4 Avenue for $24 million to David Tabak and Borough Developers on September 18, 2025.
• David Tabak and Borough Developers borrowed $63 million from Integritas Capital for 75 4 Avenue on September 18, 2025.
• Borough Developers borrowed $11.5 million from Strong Entities for 60 street on February 07, 2025.
• Borough Developers for Shimon Kleinman filed plans for major alteration for 75,797 sqft in Gramercy, Manhattan, on January 23, 2025.
Latest Stories:
• David Tabak, Borough Developers sign $23.5M loan for 99-unit Williamsburg project (June 10, 2026)
• Shimon Kleinman of Borough Developers files plans for 99 units in Park Slope (July 21, 2025)
Properties: