Minerva Development
224 Franklin Ave., Ste. 14, Hewlett, NY 11557
People:
Minerva Development NYC portfolio
$24.1 million* – C3 36%, C0 28%, B3 24%; Brooklyn 100%
2811th largest portfolio by dollar value
14,720 sqft – C3 39%, C0 28%, B3 16%;
4768th largest by SF
5 properties – Brooklyn 100%
1724th largest
15 residential units – Brooklyn 100%
3664th largest by residential units
Company Activity past 24 months:
Buyer company: 4 for $13.7 million
Borrower company: 3 for $13.8 million
Developer (new building or major alteration): 1 for 10,910 square feet
Top Ten Associated Companies:
S3 Capital (2), Frank Amato (1), Salvatore Amato (1), Angelo Amato (1), Domenica Donna Scotto (1), SDB (1), Alice Christie (1), Jennifer M. Moore (1), Marion Dolores Smith (1)
Top Ten Associated People:
Frank Amato (1), Salvatore Amato (1), Angelo Amato (1), Domenica Donna Scotto (1), Karen McGreal (1), Jennifer M. Moore (1), Frederick Monia (1)
Recent activity as company:
• Minerva Development borrowed $4 million from S3 Capital for 373 3rd Street, Park Slope, Brooklyn on March 28, 2025.
• Alice Christie sold 373 3rd Street, Park Slope, Brooklyn for $2.9 million to Minerva Development on March 28, 2025.
• Minerva Development borrowed $4.5 million from SDB for 68 Quincy Street, Bedford Stuyvesant, Brooklyn on March 20, 2025.
• Minerva Development borrowed $5.2 million from S3 Capital for 117 State Street, Brooklyn Heights, Brooklyn on October 29, 2024.
• Marion Dolores Smith sold 524 11th Street, South Slope, Brooklyn for $2.4 million to Minerva Development on October 28, 2024.
• Frank Amato, Salvatore Amato, Angelo Amato and Domenica Donna Scotto sold 263 Sackett Street, Carroll Gardens, Brooklyn for $3.5 million to Minerva Development on October 16, 2024.
• Jennifer M. Moore sold 117 State Street, Brooklyn Heights, Brooklyn for $5 million to Minerva Development on October 29, 2024.
Latest Stories:
• 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: