Simone Development Companies
1250 Waters Place Bronx, NY 10461
People:
Simone Development Companies NYC portfolio
$724.4 million -condo 56%, industrial 21%, office 18%; Bronx 96%, Manhattan 3%*
324th largest portfolio by dollar value
2,885,605 sqft – condo 49%, industrial 28%, office 18%; Bronx 98%, Manhattan 1%
164th largest by SF
28 properties – Bronx 93%, Manhattan 6%
357th largest
Company Activity past 24 months:
Borrower company: 2 for $173 million
Developer (new building or major alteration): 1 for 361,354 square feet
Top Ten Associated Companies:
ConnectOne Bank (2), M&T Bank (2), Union Labor Life Insurance Company (2), Stagg Group (1), Bank of America (1), Mahopac Bank (1), Joseph Simone (1), Orange Bank & Trust Company (1), Webster Bank (1), Tompkins Community Bank (1)
Top Ten Associated People:
Mark Stagg (1), Jenny Han (1), Timothy Florio (1), Joseph Simone (1), Michael Razman (1), Anthony Mormille (1), Joseph Giamartino (1), William J. Dunkel (1), Jonathan McKetney (1), Ross Dahmen (1)
Recent activity as company:
• Simone Development Companies for Joseph Simone filed plans for major alteration for 361,354 sqft in Pelham Bay, Bronx, on March 17, 2026.
• Simone Development Companies borrowed $88 million from ConnectOne Bank for 250 Marconi Street on October 08, 2025.
• Simone Development Companies borrowed $85 million from Union Labor Life Insurance Company for 1250 Waters Place, Pelham Bay, Bronx on September 27, 2024.
• Simone Development Companies borrowed $9.6 million from Webster Bank for 137 Westchester Avenue on February 29, 2024.
• Simone Development Companies borrowed $10.4 million from Orange Bank & Trust Company for 1716 Eastchester Road on December 27, 2023.
• Blackstone Group on December 14, 2023 bought a loan with an original principal of $11 million from Signature Bank receiver, signed by T. Max O’Neill, secured by 137 Westchester Avenue, when owned by Simone Development Companies.
• Simone Development Companies borrowed $12.5 million from Tompkins Community Bank for 1420 Ferris Place on November 29, 2023.
• Simone Development Companies borrowed $5.6 million from M&T Bank for 2400 Ellis Avenue on November 10, 2023.
• Simone Development Companies borrowed $8.4 million from Joseph Simone for 1716 Eastchester Road on October 02, 2023.
• Madison International Realty ground leased 1716 Eastchester Road valued at $12 million to Simone Development Companies on October 02, 2023.
Latest Stories:
• Simone Development signs $88M refi with ConnectOne for office in Pelham Bay (October 24, 2025)
• Simone Development signs $9.6M refi for office in Westchester Square (March 20, 2024)
• Simone Development pays $11.2M to LCOR for office condo in Murray Hill (April 12, 2022)
• Stagg Group pays $6M to Simone Development for dev site in Riverdale (February 14, 2022)
• Triangle Equities refis $17.3M with Signature Bank for property in Morrisania (November 06, 2020)
Properties: