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%*
210th largest portfolio by dollar value
181,482 sqft – industrial 57%, office 29%, specialty 11%; Brooklyn 82%, Manhattan 17%
1699th largest by SF
17 properties – Brooklyn 76%, Manhattan 23%
603th largest
1,393 residential units – Brooklyn 63%, Manhattan 36%
250th largest by residential units
0 foreclosures, 0 bankruptcies, 1 other court case.
Company Activity past 24 months:
Buyer company: 1 for $130 million
Seller company: 1 for $69 million
Borrower company: 14 for $956.4 million
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), Camber Property Group (1), Institute for Community Living (1)
Top Ten Associated People:
Beth Newman (3), David Kesselman (3), Steven A. Tsavaris (3), Judy Barnes (2), John P. McCarthy (1), Steve Dluzyn (1), Brad Cohen (1), Kristin Sansone (1), David Haley (1), Rick Gropper (1)
Recent activity as company:
• Jay Group, Jacob Aini and Paul Gagliardi borrowed $130 million from Morgan Stanley for None on June 15, 2026.
• Jay Group borrowed $264 million from Affinius Capital for 165 Willoughby Street on March 20, 2026.
• Jay Group borrowed $72.2 million from G4 Capital Partners for 14 Greenpoint Avenue on November 14, 2025.
• Pearl Realty Management sold 14 Greenpoint Avenue for $130 million to Jay Group 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.
• Jay Group and Jacob Aini sold 2886 Atlantic Avenue for $69 million to Camber Property Group and Institute for Community Living on May 20, 2025.
• Jay Group borrowed $53.9 million from Bank Hapoalim for 108 Fleet Place on April 11, 2025.
• Jay Group borrowed $51.1 million from Bank Hapoalim for 104 Fleet Place on April 11, 2025.
• Jay Group borrowed $15.7 million from Ponce Bank for 110 Fleet Place on April 11, 2025.
• Jay Group borrowed $15.7 million from Ponce Bank for 275 Flatbush Avenue Extension on April 11, 2025.
• Jay Group borrowed $11.8 million from Ponce Bank for 165 Willoughby Street on April 11, 2025.
• Jay Group for Moshe Berger filed plans for new building for 91,522 sqft in Downtown Brooklyn, Brooklyn, on September 17, 2024.
• Jay Group for Yoel Kohn filed plans for new building for 82,545 sqft in Downtown Brooklyn, Brooklyn, on September 17, 2024.
• Jay Group for Abe Kohn filed plans for new building for 102,123 sqft in Downtown Brooklyn, Brooklyn, on September 17, 2024.
• Pearl Realty Management sold 108 Fleet Place for $50 million to Jay Group on August 28, 2024.
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: