Jay Group
84 Kosciuszko St. Brooklyn, NY 11205
People:
Jay Group NYC portfolio
$1.1 billion -industrial 72%, development 12%, specialty 12%; Brooklyn 74%, Manhattan 25%*
218th largest portfolio by dollar value
181,482 sqft – industrial 57%, office 29%, specialty 11%; Brooklyn 82%, Manhattan 17%
1704th largest by SF
17 properties – Brooklyn 76%, Manhattan 23%
605th largest
1,393 residential units – Brooklyn 63%, Manhattan 36%
255th largest by residential units
0 foreclosures, 0 bankruptcies, 1 other court case.
Company Activity past 24 months:
Buyer company: 3 for $192.5 million
Seller company: 1 for $69 million
Borrower company: 15 for $1 billion
Developer (new building or major alteration): 5 for 457,055 square feet
Top Ten Associated Companies:
Bank Hapoalim (5), Ponce Bank (5), Affinius Capital (4), G4 Capital Partners (3), HUBB NYC (1), Cross River Bank (1), Bank of Princeton (1), Morgan Stanley (1), Bank of Montreal (1), H.I.G. Capital (1)
Top Ten Associated People:
David Kesselman (3), Steven A. Tsavaris (3), Beth Newman (3), Judy Barnes (2), John P. McCarthy (1), Steve Dluzyn (1), Brad Cohen (1), David Haley (1), Kristin Sansone (1), Michael S. Birajiclian (1)
Recent activity as company:
• Jay Group, Jacob Aini and Paul Gagliardi borrowed $130 million from Morgan Stanley for 3880 9th Avenue and 3880 9th Avenue, Inwood, Manhattan on June 15, 2026.
• Jay Group borrowed $264 million from Affinius Capital for 165 Willoughby Street on March 20, 2026.
• Pearl Realty Management sold 14 Greenpoint Avenue for $130 million to Jay Group on November 14, 2025.
• Jay Group borrowed $72.2 million from G4 Capital Partners for 14 Greenpoint Avenue on November 14, 2025.
• Jay Group borrowed $36.2 million from Affinius Capital for 1885 Atlantic Avenue on September 17, 2025.
• Jay Group borrowed $57.8 million from Affinius Capital for 214 Greenpoint Avenue on September 17, 2025.
• Jay Group borrowed $34.2 million from Popular Bank for 165 Willoughby Street on August 26, 2025.
• Jay Group, AB & Sons Group and Jacob Aini borrowed $100.8 million from New York Life Insurance Company for 101 Fleet Place on July 10, 2025.
• Jay Group borrowed $60 million from Ponce Bank for 275 Flatbush Avenue Extension on July 01, 2025.
• Jay Group borrowed $53 million from Ponce Bank for 110 Fleet Place on June 05, 2025.
Latest Stories:
• Jay Group pays $130M to Pearl Realty for dev site in Greenpoint (December 02, 2025)
• Ben-Josef Group Holdings signs $72M refi for office in Garment District (November 21, 2024)
• Jay Group files plans for 360 of 450 units at $75M Downtown Brooklyn site (September 19, 2024)
• Jay Group pays $75M to Pearl Realty for 405K sf dev site in Downtown Brooklyn (September 03, 2024)
Court Records:
Properties: