GDC Properties
245 Saw Mill River Rd Second Floor, Hawthorne, NY 10532
People:
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)
• Century Development pays $1.4M for LIC dev rights (March 02, 2021)
Properties:
