Mega Contracting Group
(Mega Group Development, Mega Contracting, Mega Development)
Developer|Contractor
48-02 25th Avenue, Suite 400 Astoria, NY 11103
People:
Mega Contracting Group NYC portfolio
$1 billion -industrial 48%, elevator 33%, mixed-use 16%; Bronx 66%, Manhattan 25%, Brooklyn 6%*
300th largest portfolio by dollar value
827,680 sqft – elevator 75%, office 12%, industrial 9%; Bronx 87%, Queens 12%
635th largest by SF
12 properties – Bronx 75%, Manhattan 8%, Brooklyn 8%
976th largest
684 residential units – Bronx 100%
547th largest by residential units
Company Activity past 24 months:
Buyer company: 3 for $33.7 million
Seller company: 1 for $6.5 million
Borrower company: 6 for $778 million
Top Ten Associated Companies:
NYC Housing Development Corporation (2), TD Bank (2), Webster Bank (1), Wells Fargo (1), NYC Department of Housing Preservation and Development (1), Bank of America (1), Corporation for Supportive Housing (1), Ramji Dass (1), Wilfrid Realty Corp. (1), Amerco (1)
Top Ten Associated People:
Lauren Connors (2), Erick Navarro (1), Matthew Schatz (1), Ramji Dass (1), Hercules Argyriou (1), William D’Allesandro (1), Matthew F. Braccia (1)
Recent activity as company:
• Mega Contracting Group borrowed $9.4 million from TD Bank for 48-20 25 Avenue on July 23, 2026.
• Community League of the Heights, Mega Contracting Group and Brisa Builders borrowed $262.3 million from Wells Fargo and NYC Department of Housing Preservation and Development for 694 East 149 Street on May 08, 2026.
• New York City Housing Authority ground leased 694 East 149 Street valued at $5.6 million to Community League of the Heights, Mega Contracting Group and Brisa Builders on May 08, 2026.
• 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.
• Mega Contracting Group borrowed $8 million from Webster Bank for 1776 Hoe Avenue on March 07, 2025.
• Montefiore Medical Center sold 1776 Hoe Avenue for $10.6 million to Mega Contracting Group on March 07, 2025.
• Mega Contracting Group sold 27-07 Brooklyn Queens Expressway West for $6.5 million to Amerco on September 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: