Rockrose Development
15 East 26th St 7th floor New York, NY 10010
People:
Rockrose Development NYC portfolio
$4.6 billion* – elevator 57%, office 10%, development 10%; Manhattan 40%, Queens 37%, Brooklyn 22%
30th largest portfolio by dollar value
7,272,505 sqft – elevator 64%, D4 12%, office 9%;
32th largest by SF
36 properties – Brooklyn 60%, Queens 23%, Manhattan 16%
259th largest
7,525 residential units – Queens 43%, Manhattan 33%, Brooklyn 22%
17th largest by residential units
0 foreclosures, 0 bankruptcies, 2 other court cases.
Company Activity past 24 months:
Buyer company: 2 for $68 million
Seller company: 4 for $94 million
Borrower company: 4 for $698.7 million
Top Ten Associated Companies:
Wells Fargo (7), Adams & Company (5), Teamsters Local 807 (3), Equitable Financial Life Insurance Company (2), Robert Kotler (2), NYC Housing Partnership (1), MetLife (1), Stephen Sun (1), Thomas Sun (1), St. Francis College (1)
Top Ten Associated People:
David Levy (4), Christian Adrian (3), Demos P. Demopoulos (2), Scott Little (2), Shelia Martin (1), David Keusch (1), Michael Hofheinz (1), Frank S. Linneen (1), Stephen Sun (1), Thomas Sun (1)
Recent activity as company:
• Rockrose Development borrowed $51.2 million from Equitable Financial Life Insurance Company for 15 East 26th Street, Flatiron District, Manhattan on April 09, 2025.
• Rockrose Development borrowed $249.4 million from Wells Fargo for 43-10 Crescent Street, Long Island City, Queens on November 01, 2024.
• Madison Realty Capital sold 67-105 Pacific Street, Cobble Hill, Brooklyn for $65 million to Rockrose Development on August 16, 2024.
• Rockrose Development borrowed $105 million from Wells Fargo for 43-14 Queens Street, Long Island City, Queens on August 15, 2024.
• Tony Greenberg sold 193 Joralemon Street, Brooklyn Heights, Brooklyn for $3 million to Rockrose Development on May 29, 2024.
• Rockrose Development borrowed $293.1 million from Wells Fargo for 476 11th Avenue, Hudson Yards, Manhattan on December 08, 2023.
• Rockrose Development sold 1115 Broadway, Flatiron District, Manhattan for $43.6 million to Adams & Company on August 14, 2023.
• Rockrose Development sold 4 Bryant Park, Garment District, Manhattan for $16.5 million to Adams & Company on July 25, 2023.
• Rockrose Development sold 121 East 24th Street, Flatiron District, Manhattan for $5.8 million to Adams & Company on August 01, 2023.
• Rockrose Development sold 47 West 17th Street, Flatiron District, Manhattan for $28.1 million to Adams & Company on July 20, 2023.
Latest Stories:
• Rockrose signs $249.4M refi with Wells Fargo for 709-unit LIC rental (November 18, 2024)
• Rockrose pays $65M to Madison Realty for dev site in Cobble Hill (September 03, 2024)
• Rockrose pays $160M to St. Francis College for property in Brooklyn Heights (April 04, 2023)
• Rockrose ups debt by $98M to $138.7M at 340-unit rental in Battery Park City (March 08, 2023)
Court Records:
Properties: