Simone Development Companies
1250 Waters Place Bronx, NY 10461
People:
Simone Development Companies NYC portfolio
$749.9 million -condo 54%, industrial 21%, office 18%; Bronx 94%, Manhattan 3%, Queens 2%*
366th largest portfolio by dollar value
2,939,928 sqft – condo 48%, industrial 28%, office 18%; Bronx 97%, Manhattan 1%, Queens 1%
180th largest by SF
37 properties – Bronx 75%, Queens 19%, Manhattan 4%
306th largest
Company Activity past 24 months:
Buyer company: 1 for $3.5 million
Borrower company: 5 for $207 million
Developer (new building or major alteration): 2 for 424,357 square feet
Top Ten Associated Companies:
Webster Bank (3), Union Labor Life Insurance Company (2), M&T Bank (2), ConnectOne Bank (2), Tompkins Community Bank (1), Metropolitan Commercial Bank (1), Simone Development Companies (1), Blackstone Group (1), Stagg Group (1), Bank of America (1)
Top Ten Associated People:
Grace Sabino (2), William J. Dunkel (1), Jonathan McKetney (1), Ross Dahmen (1), Vivek Baid (1), Donita M. Johnson (1), Mark Stagg (1), Jenny Han (1), Timothy Florio (1), Michael Donnelly (1)
Recent activity as company:
• Simone Development Companies borrowed $6 million from TD Bank for 3011 Boston Road, Williamsbridge, Bronx on July 23, 2026.
• Simone Development Companies for Joseph Simone filed plans for major alteration for 63,003 sqft in Pelham Bay, Bronx, on June 23, 2026.
• Clinco Properties sold None for $3.5 million to Simone Development Companies on May 28, 2026.
• Simone Development Companies borrowed $11 million from Webster Bank for None 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.
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: