Midwood Investment & Development

430 Park Avenue 2nd Floor New York, NY 10022

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Midwood Investment & Development NYC portfolio

$174.2 million -elevator 58%, industrial 20%, mixed-use 10%; Manhattan 68%, Brooklyn 31%*

1050th largest portfolio by dollar value

247,323 sqft – elevator 57%, industrial 19%, retail 19%; Manhattan 60%, Brooklyn 39%

1356th largest by SF

6 properties – Brooklyn 66%, Manhattan 33%

1624th largest

159 residential units – Manhattan 100%

1327th largest by residential units

0 foreclosures, 0 bankruptcies, 1 other court case.

Company Activity past 24 months:

Buyer company: 1 for $24 million

Seller company: 1 for $24 million

Borrower company: 4 for $27.4 million

Developer (new building or major alteration): 1 for 14,670 square feet

Top Ten Associated Companies:

Valley National Bank (4), Woodmen of the World Life Insurance Society (1), BCG Holdings (1), Bashir A. Alsaedi (1), Sadeeq A. Alsaedi (1), Feil Organization (1), Renee J. James (1), Midwood Investment & Development (1), Affinius Capital (1), Dana Sasouness (1)

Top Ten Associated People:

Alfred Sorrentino, Jr. (2), Bashir A. Alsaedi (1), Jeffrey J. Feil (1), Renee J. James (1), Alfred Sorrentino (1), Beth Newman (1), Dana Sasouness (1), Michael Hofheinz (1)

Recent activity as company:

• Midwood Investment & Development for John Usdan filed plans for major alteration for 14,670 sqft in Elmhurst, Queens, on February 23, 2026.

• Midwood Investment & Development sold 255 Bond Street for $24 million to Midwood Investment & Development on December 10, 2025.

• Midwood Investment & Development borrowed $14.2 million from Affinius Capital for 495 Degraw Street on December 10, 2025.

• Midwood Investment & Development borrowed $13.2 million from Valley National Bank for 19 East 69 Street on December 02, 2025.

• Valley National Bank on March 31, 2025 bought a loan with an original principal of $14.2 million from Brookfield Properties, signed by Elizabeth Vinci, secured by 495 Degraw Street, when owned by Midwood Investment & Development.

• BCG Holdings on November 22, 2024 bought a loan with an original principal of $14.2 million from Valley National Bank, signed by Travis Lan, secured by 495 Degraw Street, when owned by Midwood Investment & Development.

• Midwood Investment & Development sold 626 Manhattan Avenue for $6.3 million to Bashir A. Alsaedi and Sadeeq A. Alsaedi on October 12, 2023.

• Midwood Investment & Development borrowed $14 million from Woodmen of the World Life Insurance Society for 39 Lombardy Street on August 04, 2023.

• Midwood Investment & Development borrowed $11 million from Valley National Bank for 19 East 69 Street on June 09, 2022.

• Midwood Investment & Development sold 150 East 78th Street, Lenox Hill, Manhattan for $17 million to Dana Sasouness on June 09, 2022.

Court Records:

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Properties:

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