Simone Development Companies
1250 Waters Place Bronx, NY 10461
People:
Simone Development Companies NYC portfolio
$741.9 million -condo 55%, industrial 21%, office 18%; Bronx 94%, Manhattan 3%, Queens 2%*
311th largest portfolio by dollar value
2,924,028 sqft – condo 49%, industrial 28%, office 17%; Bronx 97%, Manhattan 1%, Queens 1%
159th largest by SF
36 properties – Bronx 75%, Queens 20%, Manhattan 5%
271th largest
Company Activity past 24 months:
Buyer company: 1 for $3.5 million
Borrower company: 4 for $201 million
Developer (new building or major alteration): 2 for 424,357 square feet
Top Ten Associated Companies:
Webster Bank (3), ConnectOne Bank (2), M&T Bank (2), Union Labor Life Insurance Company (2), Mahopac Bank (1), Joseph Simone (1), Orange Bank & Trust Company (1), Tompkins Community Bank (1), Metropolitan Commercial Bank (1), Blackstone Group (1)
Top Ten Associated People:
Grace Sabino (2), Timothy Florio (1), Joseph Simone (1), Michael Razman (1), Anthony Mormille (1), Joseph Giamartino (1), William J. Dunkel (1), Donita M. Johnson (1), Jonathan McKetney (1), Ross Dahmen (1)
Recent activity as company:
• Simone Development Companies for Joseph Simone filed plans for major alteration for 63,003 sqft in Pelham Bay, Bronx, on June 23, 2026.
• Simone Development Companies borrowed $11 million from Webster Bank for None on May 28, 2026.
• Clinco Properties sold None for $3.5 million to Simone Development Companies on May 28, 2026.
• 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 $17 million from Webster Bank for 2400 Ellis Avenue on December 18, 2025.
• 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.
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: