Joyland Group
Owner
Partnership
84 14th street 4th Floor, Brooklyn, New York, 11215
People:
Joyland Group portfolio
$5.6 million* – development 80.0%, industrial 19.0%; Brooklyn 100.0%, Manhattan 0.0%
3606th largest portfolio by dollar value
71,781 sqft – O3 90%, industrial 9%;
2344th largest by SF
6 properties – Brooklyn 83%, Bronx 16%
1436th largest
402 residential units – Brooklyn 100%, Manhattan 0%
522th largest by residential units
Notes
Joyland Group is a property ownership firm, and an affiliate of Joel Wetzberger’s Hamilton Eastman, a real estate holding company that owns Joyland Group, Joyland Managment and other companies.
Company Activity past 24 months:
Buyer company: 5 for $114.9 million
Seller company: 1 for $10.6 million
Borrower company: 6 for $344 million
Top Ten Associated Companies:
Slate Property Group (2), Mount Sinai (2), The Collective (1), Scale Lending (1), Cross River Bank (1), Gary Zimberg (1), TPG Real Estate Partners (1), Orange Management (1), Maxim Capital Group (1), iCross Capital (1)
Top Ten Associated People:
Vincent Tammaro (2), Kevin Michael O’Sullivan (1), Gary Zimberg (1), Martin Davidson (1), Andrew Bradfield (1), Lily Guo (1), Lazar Muller (1), Domenic Lanni (1), Meir D. Tabak (1)
Recent activity as company:
• Joyland Group sold 313 East 17th Street and 321 East 17th Street, Gramercy, Manhattan for $10.6 million to Watermark Capital Group on January 16, 2025.
• Joyland Group borrowed $27.5 million from G4 Capital Partners for 313-319 East 17th Street and 321 East 17th Street, Gramercy, Manhattan on January 06, 2025.
• Mount Sinai sold 321 East 17th Street, Gramercy, Manhattan for $6 million to Joyland Group on January 06, 2025.
• Mount Sinai sold 313-319 East 17th Street, Gramercy, Manhattan for $27.6 million to Joyland Group on January 06, 2025.
• Joyland Group, Tissa Management and Joel Wertzberger borrowed $53 million from S3 Capital for 133 Kent Avenue, Williamsburg, Brooklyn on December 04, 2024.
• L3 Capital sold 133 Kent Avenue, Williamsburg, Brooklyn for $45.3 million to Joyland Group, Tissa Management and Joel Wertzberger on December 04, 2024.
• Joyland Group and Loketch Group borrowed $150 million from TPG Real Estate Partners for 28 Boerum Street, Williamsburg, Brooklyn on July 31, 2024.
• Joyland Group borrowed $66 million from iCross Capital for 125 3rd Street, Gowanus, Brooklyn on March 05, 2024.
• Joyland Group borrowed $16 million from Maxim Capital Group for 125 3rd Street, Gowanus, Brooklyn on September 27, 2023.
• Orange Management sold 125 3rd Street, Gowanus, Brooklyn for $30.5 million to Joyland Group on September 27, 2023.
Latest Stories:
• Joyland Group pays $33.6M to Mount Sinai for conversions in Gramercy (January 07, 2025)
• Joyland pays $45.3M to L3 Capital for Williamsburg dev site (December 05, 2024)
• Joyland, Loketch sign $150M refi with TPG for 270-unit project in Williamsburg (August 01, 2024)
• Joyland Group signs $66M construction loan with iCross Capital in Gowanus (March 06, 2024)
• Joyland Group pays $30.5M to Orange Management for dev site in Gowanus (September 28, 2023)
• Joyland Group pays $5.5M for possible development site in Williamsburg (April 25, 2023)
Properties: