Midwood Investment & Development

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Midwood Investment & Development NYC portfolio

$156.5 million* – elevator 65%, industrial 12%, retail 11%; Manhattan 76%, Brooklyn 23%

928th largest portfolio by dollar value

216,639 sqft – elevator 65%, retail 22%, industrial 8%;

1152th largest by SF

4 properties – Manhattan 50%, Brooklyn 50%

1775th largest

159 residential units – Manhattan 100%

1091th largest by residential units

0 foreclosures, 0 bankruptcies, 1 other court case.

Company Activity past 24 months:

Seller company: 1 for $6.3 million

Borrower company: 3 for $14 million

Top Ten Associated Companies:

Valley National Bank (3), Renee J. James (1), Stanley Myer (1), Dana Sasouness (1), BlackRock (1), MetLife (1), Woodmen of the World Life Insurance Society (1), BCG Holdings (1), Bashir A. Alsaedi (1), Sadeeq A. Alsaedi (1)

Top Ten Associated People:

Alfred Sorrentino, Jr. (2), Renee J. James (1), Stanley Myer (1), Dana Sasouness (1), Debra Mistretta (1), Michael Hofheinz (1), Bashir A. Alsaedi (1), Jeffrey J. Feil (1)

Recent activity as company:

• Midwood Investment & Development borrowed $0 from Valley National Bank for 479 De Graw Street, Gowanus, Brooklyn on April 08, 2025.

• Midwood Investment & Development borrowed $0 from BCG Holdings for 210 Douglass Street, Gowanus, Brooklyn on January 03, 2025.

• Midwood Investment & Development sold 626 Manhattan Avenue, Greenpoint, Brooklyn for $6.3 million to Bashir A. Alsaedi and Sadeeq A. Alsaedi on November 02, 2023.

• Midwood Investment & Development borrowed $14 million from Woodmen of the World Life Insurance Society for 535 Morgan Avenue, East Williamsburg, Brooklyn on August 08, 2023.

• Midwood Investment & Development sold 150 East 78th Street, Lenox Hill, Manhattan for $17 million to Dana Sasouness on July 18, 2022.

• Midwood Investment & Development borrowed $11 million from Valley National Bank for 829 Madison Avenue, Lenox Hill, Manhattan on June 24, 2022.

• Midwood Investment & Development borrowed $63.5 million from MetLife for 56 7th Avenue, West Village, Manhattan on May 20, 2022.

• BlackRock sold 56 7th Avenue, West Village, Manhattan for $102 million to Midwood Investment & Development on May 20, 2022.

• Midwood Investment & Development and EJS Group sold 150 East 78th Street, Lenox Hill, Manhattan for $19.6 million to Renee J. James on May 09, 2022.

• Midwood Investment & Development borrowed $14.2 million from Valley National Bank for 210 Douglas Street, Gowanus, Brooklyn on February 23, 2022.