Criterion Group
People:
Criterion Group NYC portfolio
$176.5 million -elevator 52%, industrial 18%, condo 12%; Queens 87%, Bronx 6%, Staten Island 6%*
1160th largest portfolio by dollar value
540,345 sqft – E7 46%, elevator 29%, industrial 17%; Queens 83%, Staten Island 13%, Bronx 2%
859th largest by SF
11 properties – Queens 54%, Bronx 27%, Staten Island 18%
1038th largest
194 residential units – Queens 100%
1280th largest by residential units
Company Activity past 24 months:
Borrower company: 1 for $70 million
Developer (new building or major alteration): 1 for 137,111 square feet
Top Ten Associated Companies:
Carlyle Group (3), Steven Newman (2), New York Community Bank (2), Ponce Bank (1), Criterion Group (1), Preferred Bank (1), Bernd Messing (1), Stephanie Messing (1), Flagstar Bank (1)
Top Ten Associated People:
Jason Hart (3), Steven A. Tsavaris (1), James C. Ricca (1)
Recent activity as company:
• Criterion Group borrowed $70 million from Ponce Bank for 11-37 49 Avenue on June 24, 2026.
• Criterion Group for Shibber Khan filed plans for major alteration for 137,111 sqft in Mariners Harbor, Staten Island, on February 26, 2026.
• Sam Farkas sold 46 Davidson Street for $14 million to Criterion Group on June 18, 2024.
• Criterion Group borrowed $10.5 million from Flagstar Bank for 2401 Blackrock Avenue on April 25, 2023.
• Beth Siegel sold 2401 Blackrock Avenue for $16 million to Criterion Group on April 25, 2023.
• Criterion Group borrowed $10 million from Bernd Messing and Stephanie Messing for 1051 Irving Avenue on June 30, 2022.
• Bernd Messing and Stephanie Messing sold 1051 Irving Avenue for $26 million to Criterion Group on June 30, 2022.
• Criterion Group sold 31-08 Northern Blvd, Long Island City, Queens for $80 million to Carlyle Group on June 22, 2022.
• Criterion Group sold 31-08 Northern Blvd, Long Island City, Queens for $17.5 million to Criterion Group and Steven Newman on June 08, 2022.
• Criterion Group and Steven Newman borrowed $16.4 million from Preferred Bank for 31-08 Northern Blvd, Long Island City, Queens on June 08, 2022.
Latest Stories:
• Criterion Group signs $70M refi with Ponce for 194-unit apartment building in LIC (July 17, 2026)
• Carlyle Group signs $137.8M refi with PGIM for three properties in NYC (June 04, 2025)
• Yung Ching Siu signs $18.7M refi with Axos Bank for industrial in Mt. Vernon (August 15, 2023)
• Criterion Group pays $16M for industrial in Bronx (May 03, 2023)
• Criterion Group pays $26M for dev site in Ridgewood (July 18, 2022)
• Carlyle Group pays $80M to Criterion Group for storage in Long Island City (July 06, 2022)
• Criterion Group signs $10.2M refi for two industrial properties in Bronx (June 17, 2022)
• Yung Ching Siu pays $7.2M to Philip Vallone for Bronx industrial (December 28, 2021)
Properties: