Midwood Investment & Development
430 Park Avenue 2nd Floor New York, NY 10022
People:
Midwood Investment & Development NYC portfolio
$464.4 million -industrial 61%, elevator 21%, retail 12%; Brooklyn 65%, Manhattan 34%*
477th largest portfolio by dollar value
265,887 sqft – elevator 53%, retail 25%, industrial 18%; Manhattan 63%, Brooklyn 36%
1314th largest by SF
7 properties – Brooklyn 57%, Manhattan 42%
1449th largest
433 residential units – Brooklyn 63%, Manhattan 36%
668th largest by residential units
0 foreclosures, 0 bankruptcies, 1 other court case.
Company Activity past 24 months:
Buyer company: 3 for $74 million
Seller company: 2 for $33 million
Borrower company: 5 for $227.4 million
Developer (new building or major alteration): 1 for 14,670 square feet
Top Ten Associated Companies:
Valley National Bank (4), Affinius Capital (2), Midwood Investment & Development (2), Dana Sasouness (1), MetLife (1), Woodmen of the World Life Insurance Society (1), BCG Holdings (1), Bashir A. Alsaedi (1), Sadeeq A. Alsaedi (1), Feil Organization (1)
Top Ten Associated People:
Alfred Sorrentino, Jr. (2), Beth Newman (2), Dana Sasouness (1), Michael Hofheinz (1), Bashir A. Alsaedi (1), Jeffrey J. Feil (1), Renee J. James (1), John Usdan (1), Alfred Sorrentino (1)
Recent activity as company:
• Samco Properties sold 403 Avenue Of Americas, Greenwich Village, Manhattan for $41 million to Midwood Investment & Development and Niarchos family on June 08, 2026.
• 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 borrowed $14.2 million from Affinius Capital for 495 Degraw Street on December 10, 2025.
• Midwood Investment & Development borrowed $200 million from Affinius Capital for 255 Bond Street on December 10, 2025.
• Midwood Investment & Development sold None for $9 million to Midwood Investment & Development on December 10, 2025.
• Midwood Investment & Development sold 255 Bond Street for $24 million to Midwood Investment & Development 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.
Latest Stories:
• Midwood Investment sells mixed-use in Greenpoint for $6.3M (November 03, 2023)
• Midwood Investment signs $11M acquisition loan for mixed-use in Lenox Hill (June 27, 2022)
• Midwood Investment pays $102M to BlackRock for residential elevator in West Village (May 23, 2022)
• Midwood Inv. &; Dev., EJS Group sell resi unit for $19.6M in Lenox Hill (May 10, 2022)
• Feil Organization pays $9.8M to Midwood Investment for three properties in Bronx (August 19, 2021)
Court Records:
Properties: