GDC Properties

245 Saw Mill River Rd Second Floor, Hawthorne, NY 10532

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GDC Properties NYC portfolio

$361 million -elevator 52%, B1 47%; Brooklyn 52%, Queens 47%*

610th largest portfolio by dollar value

471,958 sqft – elevator 70%, B1 29%; Brooklyn 70%, Queens 29%

871th largest by SF

44 properties – Queens 77%, Brooklyn 22%

211th largest

359 residential units – Brooklyn 78%, Queens 21%

762th largest by residential units

Company Activity past 24 months:

Buyer company: 1 for $24.1 million

Borrower company: 3 for $43.2 million

Top Ten Associated Companies:

Webster Bank (3), Sterling National Bank (2), KeyBank (2), Century Development Group (1), JPMorgan Chase (1)

Top Ten Associated People:

John Vitale (5), George Xu (1), Sherry Witt (1), Peter Rand (1)

Recent activity as company:

GDC Properties borrowed $12.7 million from Webster Bank for 335 Carroll Street on January 29, 2026.

GDC Properties borrowed $18 million from Webster Bank for 222 Huron Street on December 23, 2025.

Stephen Mack sold 335 Carroll Street for $24.1 million to GDC Properties on January 29, 2025.

GDC Properties borrowed $12.5 million from Webster Bank for 625 Driggs Avenue, 625 Driggs Avenue, 625 Driggs Avenue, 625 Driggs Avenue, 625 Driggs Avenue, and others, Williamsburg, Brooklyn on March 27, 2024.

GDC Properties borrowed $11.5 million from KeyBank for 625 Driggs Avenue, 625 Driggs Avenue, 625 Driggs Avenue, 625 Driggs Avenue, 625 Driggs Avenue, and others, Williamsburg, Brooklyn on September 16, 2022.

Mavik Capital Management sold 625 Driggs Avenue, 625 Driggs Avenue, 625 Driggs Avenue, 625 Driggs Avenue, 625 Driggs Avenue, and others, Williamsburg, Brooklyn for $21.4 million to GDC Properties on September 14, 2022.

GDC Properties borrowed $17.7 million from KeyBank for 222 Huron Street on March 14, 2022.

GDC Properties borrowed $13.5 million from Sterling National Bank for 74 South 4 Street on December 31, 2021.

GDC Properties borrowed $26.8 million from Sterling National Bank for 90 Ainslie Street on December 31, 2021.

GDC Properties borrowed $77.9 million from JPMorgan Chase for 11-21A 46 Avenue on October 05, 2021.

Latest Stories:

• GDC Properties pays $24.1M to Stephen Mack for residential elevator in Gowanus (February 12, 2026)

• Century Development Group submits $118.9M condo plan in LIC (May 28, 2024)

• GDC Properties signs $12.5M refi with Webster Bank for mixed-use in Williamsburg (April 24, 2024)

• Century Development Group signs $43M construction loan 119-unit project in LIC (June 12, 2023)

• GDC Properties signs $11.5M acquisition loan with KeyBank for 19-unit rental in Williamsburg (November 07, 2022)

• GDC Properties signs $17.7M refi loan with KeyBank for 38-unit elevator rental in Greenpoint (March 29, 2022)

• GDC Properties signs $40.3M in loans for two elevator buildings in Williamsburg (February 03, 2022)

• Century Development pays $1.4M for LIC dev rights (March 02, 2021)

Properties:

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