Meral Property Group

Meral Property Group NYC portfolio

$14 million -retail 64%, development 35%; Brooklyn 64%, Queens 35%*

4147th largest portfolio by dollar value

3,245 sqft – retail 100%; Brooklyn 100%

7807th largest by SF

4 properties – Queens 75%, Brooklyn 25%

2509th largest

Company Activity past 24 months:

Buyer company: 2 for $13 million

Seller company: 2 for $108 million

Borrower company: 1 for $6.8 million

Top Ten Associated People:

Yehuda Gabai (1), Wonjoong Kim (1)

Recent activity as company:

• Joyland Management, Meral Property Group and Loketch Group sold None for $105 million to Carlyle Group and Z+G Property Group on December 30, 2025.

• Meral Property Group sold 395 Clermont Avenue for $3 million to Yehuda Gabai on June 28, 2024.

• Meral Property Group borrowed $6.8 million from Derby Copeland Capital for 757 Washington Avenue on June 27, 2024.

• Jerome Walsh sold 757 Washington Avenue for $3 million to Meral Property Group on June 27, 2024.

• Thomas Anagnostopoulos and Antonios Dagounakis sold 21-05 Astoria Boulevard for $10 million to Meral Property Group on May 29, 2024.

• Meral Property Group for Louis Lebovits filed plans for new building for 14,903 sqft in Crown Heights, Brooklyn, on February 21, 2024.

• Loketch Group, Joyland Group and Meral Property Group borrowed $90 million from Scale Lending and Slate Property Group for 26 Boerum Street on November 30, 2022.

• Loketch Group, Joyland Group and Meral Property Group borrowed $47 million from Slate Property Group for 26 Boerum Street on January 25, 2022.

• The Collective sold 26 Boerum Street for $53.9 million to Loketch Group, Joyland Group and Meral Property Group on January 25, 2022.

• Meral Property Group borrowed $50 million from Spruce Capital for None on December 30, 2019.

Latest Stories:

• Carlyle, Z+G Property pay $105M to Joyland, Meral, Loketch for new 132-unit mixed-use in Gowanus (January 14, 2026)

• Joyland Group, Allan Lebovits sign $190M refi with Corebridge in Williamsburg (November 19, 2025)

• Joyland, Loketch sign $150M refi with TPG for 270-unit project in Williamsburg (August 01, 2024)

• Meral Property Group pays $3M for 10-unit dev site in Crown Heights (July 16, 2024)

• Meral Property Group pays $10M for 55-unit dev site in Astoria (June 19, 2024)

• Loketch Group, partners sign $90M construction loan with Scale Lending for 274-unit development in Williamsburg (December 07, 2022)

• Loketch, Joyland, and Meral pay $53.9M to The Collective for dev site in Williamsburg (February 02, 2022)

• Loketch Group and Meral Property Group pay $29M to Salvation Army for development in Clinton Hill (January 15, 2020)

• Loketch Group and Meral Property Group borrow $50M from S3 Capital Partners for new construction in Clinton Hill (January 15, 2020)

Properties:

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