Minerva Development
224 Franklin Ave., Ste. 14, Hewlett, NY 11557
People:
Minerva Development NYC portfolio
$54.5 million -C3 48%, C0 26%, B9 14%; Brooklyn 100%*
2400th largest portfolio by dollar value
32,128 sqft – C3 49%, C0 24%, B9 18%; Brooklyn 100%
4427th largest by SF
10 properties – Brooklyn 100%
1236th largest
32 residential units – Brooklyn 100%
3361th largest by residential units
Company Activity past 24 months:
Buyer company: 9 for $33.8 million
Seller company: 1 for $5.8 million
Borrower company: 6 for $27.6 million
Developer (new building or major alteration): 6 for 37,304 square feet
Top Ten Associated Companies:
S3 Capital (3), SDB (1), Bullpath Capital (1), Bayport Funding (1), Michael Mannarino (1), Leah Mannarino (1)
Top Ten Associated People:
Michael Mannarino (1), Leah Mannarino (1)
Recent activity as company:
• Minerva Development for Omri Bar-Mashiah filed plans for major alteration for 5,358 sqft in Park Slope, Brooklyn, on August 27, 2026.
• Minerva Development borrowed $4.2 million from Bayport Funding for 554 Second Street, Park Slope, Brooklyn on August 13, 2026.
• Joshua Taylor sold 554 Second Street, Park Slope, Brooklyn for $3.9 million to Minerva Development on August 13, 2026.
• Maria Espinosa sold None for $3.6 million to Minerva Development on May 15, 2026.
• Minerva Development for Omri Bar-Mashiah filed plans for major alteration for 4,944 sqft in Bedford Stuyvesant, Brooklyn, on April 16, 2026.
• Minerva Development for Omri Bar-Mashiah filed plans for major alteration for 5,565 sqft in Cobble Hill, Brooklyn, on March 03, 2026.
• Antoinette Birli sold None for $4.2 million to Minerva Development on February 27, 2026.
• Minerva Development for Omri Bar-Mashiah filed plans for major alteration for 5,278 sqft in Carroll Gardens, Brooklyn, on February 26, 2026.
• Minerva Development for Omri Bar-Mashiah filed plans for major alteration for 5,249 sqft in Park Slope, Brooklyn, on January 29, 2026.
• Minerva Development sold 38 Garfield Place for $5.8 million to Michael Mannarino and Leah Mannarino on November 21, 2025.
Latest Stories:
• Minerva Development pays $3.6M for 4-family in Park Slope (May 28, 2026)
• Minerva Development pays $4.2M for 4-family in Carroll Gardens (March 06, 2026)
• Minerva Development sells former 3-family in Park Slope for $5.8M (December 11, 2025)
• Minerva Development pays $4.7M for 3-family in Cobble Hill (August 28, 2025)
• Minerva Development pays $2.9M for 4-family in Park Slope (April 18, 2025)
• Minerva Development pays $2.4M for 2-family in South Slope (December 04, 2024)
• Minerva Development pays $5M for 3-unit in Brooklyn Heights (November 13, 2024)
Properties:
