Innovo Property Group
Owner, Developer
Private Equity
1350 6th Ave 17th floor, New York, NY 10019
People:
Innovo Property Group NYC portfolio
$1.3 billion -development 49%, industrial 25%, condo 24%; Queens 77%, Bronx 22%*
183th largest portfolio by dollar value
1,050,462 sqft – condo 62%, industrial 37%; Queens 71%, Bronx 28%
466th largest by SF
9 properties – Queens 69%, Bronx 30%
1105th largest
Company Activity past 24 months:
Buyer company: 2 for $41.4 million
Borrower company: 1 for $169 million
Top Ten Associated Companies:
Cerberus Capital Management (2), Granite Point Mortgage Trust (2), Deutsche Bank (2), PIMCO (1), Starwood Capital Group (1), Valley National Bank (1), CenterPoint Properties (1), JPMorgan Chase (1), Axos Bank (1), Bank OZK (1)
Top Ten Associated People:
James N. Clewlow (1), Michael Tortorici (1), Simon B. Burce (1), Christopher Harris (1), R. Chris Jones (1), Thomas Constantine (1), John A. Taylor (1), Farid Maluf (1), Steve Towle (1)
Recent activity as company:
• John Pantanelli sold 25-20 Borden Avenue for $35.2 million to Innovo Property Group on June 26, 2025.
• Innovo Property Group borrowed $169 million from Deutsche Bank and Axos Bank for 53-50 29 Street on February 05, 2025.
• John Pantanelli sold 25-20 Borden Avenue for $6.2 million to Innovo Property Group on December 05, 2024.
• Innovo Property Group borrowed $43 million from Deutsche Bank for 53-50 29 Street on May 31, 2023.
• Innovo Property Group, Nan Fung Group and Atalaya Capital Management borrowed $304.6 million from JPMorgan Chase for 23-02 Borden Avenue on July 22, 2022.
• Paul D. McKinnell sold 21-32 Borden Avenue for $11 million to Innovo Property Group on July 15, 2022.
• Innovo Property Group borrowed $27 million from PCCP for 1100 Leggett Avenue on July 15, 2022.
• Metro Office Furniture Rental sold 1100 Leggett Avenue for $21.5 million to Innovo Property Group on July 15, 2022.
• Innovo Property Group for Andrew Chung filed plans for new building for 22,000 sqft in Long Island City, Queens, on June 28, 2022.
• Innovo Property Group borrowed $28.6 million from Starwood Property Trust for 53-50 29 Street on March 16, 2022.
Latest Stories:
• Innovo Property pays $35.2M for 85% of LIC property (July 21, 2025)
• Innovo signs $169M construction loan for LIC logistics (February 19, 2025)
• Innovo pays $6.2M for LIC industrial, in contract since 2020 (December 26, 2024)
• Innovo Property signs $43M refi for 350K storage project in LIC (June 08, 2023)
• Innovo Property Group pays $21.5M for industrial in Hunts Point (July 27, 2022)
• CenterPoint pays $119M to Innovo Property Group for warehouse in Hunts Point (September 08, 2021)
Properties: