Midwood Investment & Development
430 Park Avenue 2nd Floor New York, NY 10022
People:
Midwood Investment & Development NYC portfolio
$423.4 million -industrial 67%, elevator 24%, mixed-use 4%; Brooklyn 71%, Manhattan 28%*
516th largest portfolio by dollar value
247,323 sqft – elevator 57%, industrial 19%, retail 19%; Manhattan 60%, Brooklyn 39%
1361th largest by SF
6 properties – Brooklyn 66%, Manhattan 33%
1609th largest
433 residential units – Brooklyn 63%, Manhattan 36%
669th largest by residential units
0 foreclosures, 0 bankruptcies, 1 other court case.
Company Activity past 24 months:
Buyer company: 2 for $33 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), 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), Dana Sasouness (1)
Top Ten Associated People:
Alfred Sorrentino, Jr. (2), Beth Newman (2), Bashir A. Alsaedi (1), Jeffrey J. Feil (1), Renee J. James (1), John Usdan (1), Alfred Sorrentino (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 borrowed $14.2 million from Affinius Capital for 495 Degraw Street 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 $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 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.
Latest Stories:
• Midwood Investment & Development signs $13.2M refi for mixed-use in Lenox Hill (December 10, 2025)
• 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:
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