EDRE Development

110 East 40th Street Street, New York, NY 10016

People:

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EDRE Development NYC portfolio

$23 million -industrial 42%, walkup 35%, B1 21%; Brooklyn 99%*

3325th largest portfolio by dollar value

24,507 sqft – walkup 49%, B1 21%, E1 17%; Brooklyn 100%

4692th largest by SF

8 properties – Brooklyn 100%

1420th largest

12 residential units – Brooklyn 100%

4534th largest by residential units

Company Activity past 24 months:

Buyer company: 2 for $10.7 million

Seller company: 1 for $2.8 million

Borrower company: 2 for $20.6 million

Developer (new building or major alteration): 1 for 37,581 square feet

Top Ten Associated Companies:

S3 Capital (2), Empire Builders Group NY (1), Spruce Capital (1)

Top Ten Associated People:

Harel Edery (1), Tal Bloch (1)

Recent activity as company:

• EDRE Development for Harel Edery filed plans for new building for 37,581 sqft in Williamsburg, Brooklyn, on July 13, 2026.

• John McNulty sold 39 South 3 Street for $8.2 million to EDRE Development on April 27, 2026.

• EDRE Development borrowed $6.2 million from S3 Capital for 39 South 3 Street on April 27, 2026.

• EDRE Development borrowed $14.5 million from S3 Capital for 52 South 2 Street on March 06, 2025.

• EDRE Development sold 431 7 Avenue for $2.8 million to Empire Builders Group NY on October 10, 2024.

• Verlene Spivey sold 55 Douglass Street, Carroll Gardens, Brooklyn for $2.4 million to EDRE Development on July 15, 2024.

• Gerardino Morales, Rosalie Morales and Danielle Parker sold 371 Sackett Street, Carroll Gardens, Brooklyn for $2.6 million to EDRE Development on February 21, 2024.

• EDRE Development for Harel Edery filed plans for new building for 24,937 sqft in Williamsburg, Brooklyn, on November 29, 2023.

• Cerbert S.J. Noonan sold 52 South 2 Street for $7.6 million to EDRE Development on June 21, 2023.

• EDRE Development for Harel Edery filed plans for new building for 9,046 sqft in South Slope, Brooklyn, on June 27, 2022.

Properties:

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