Mega Contracting Group
(Mega Contracting, Mega Development, Mega Group Development)
Developer|Contractor
48-02 25th Avenue, Suite 400 Astoria, NY 11103
People:
Mega Contracting Group NYC portfolio
$742.5 million -industrial 68%, mixed-use 23%, elevator 8%; Bronx 55%, Manhattan 35%, Brooklyn 8%*
305th largest portfolio by dollar value
100,217 sqft – industrial 80%, mixed-use 13%, retail 5%; Bronx 100%
2331th largest by SF
8 properties – Bronx 75%, Manhattan 12%, Brooklyn 12%
1207th largest
Company Activity past 24 months:
Buyer company: 4 for $39.1 million
Seller company: 1 for $6.5 million
Borrower company: 5 for $524.5 million
Top Ten Associated Companies:
NYC Housing Development Corporation (2), Webster Bank (1), Bank of America (1), TD Bank (1), Goldman Sachs (1), Corporation for Supportive Housing (1), Amerco (1), Ramji Dass (1), Wilfrid Realty Corp. (1)
Top Ten Associated People:
Lauren Connors (2), Matthew Schatz (1), Matthew F. Braccia (1), Ramji Dass (1), Hercules Argyriou (1)
Recent activity as company:
• Schur Management sold 395 East 166 Street for $17.5 million to BronxWorks and Mega Contracting Group on December 18, 2025.
• Mega Contracting Group borrowed $200.4 million from NYC Housing Development Corporation for 109 East 118 Street on December 18, 2025.
• Mega Contracting Group and BronxWorks borrowed $169.3 million from NYC Housing Development Corporation for 395 East 166 Street on December 18, 2025.
• Mega Contracting Group and Community Access borrowed $128.5 million from TD Bank for 1904 Bathgate Avenue on December 11, 2025.
• Montefiore Medical Center sold 1776 Hoe Avenue for $10.6 million to Mega Contracting Group on March 07, 2025.
• Mega Contracting Group borrowed $8 million from Webster Bank for 1776 Hoe Avenue on March 07, 2025.
• Mega Contracting Group sold 27-07 Brooklyn Queens Expressway West for $6.5 million to Amerco on September 16, 2024.
• Louis Guarascio and Robert Guarascio sold 1904 Bathgate Avenue for $8.2 million to Mega Contracting Group on April 16, 2024.
• Radame Jose Perez sold None for $2.8 million to Mega Contracting Group on April 16, 2024.
• Mega Contracting Group borrowed $18.2 million from Corporation for Supportive Housing for 1904 Bathgate Avenue on April 16, 2024.
Latest Stories:
• Domain, Vorea sign $127.6M loan for 254-unit project in Gowanus (September 10, 2025)
• Hercules Argyriou of Mega Contracting pays $10.6M in East Morrisania (March 14, 2025)
• U-Haul parent company Amerco pays $6.5M for dev site in Woodside (September 20, 2024)
• 259-unit project filed at Schur Management-owned parcel in Concord Village (August 28, 2023)
• HPD files plans for 341-unit building in East Harlem (November 02, 2022)
• Homeless agency pays $6.1M for parking lot in East New York (March 03, 2021)
Properties: