SYU Properties
20 West 47 Street, Suite 205 New York, NY 10036
People:
SYU Properties NYC portfolio
$58.5 million -specialty 46%, office 31%, retail 22%; Queens 68%, Manhattan 31%*
2065th largest portfolio by dollar value
149,050 sqft – specialty 47%, office 40%, retail 11%; Queens 59%, Manhattan 40%
1868th largest by SF
3 properties – Queens 66%, Manhattan 33%
2806th largest
2 residential units – Manhattan 100%
6988th largest by residential units
Company Activity past 24 months:
Borrower company: 2 for $14 million
Top Ten Associated Companies:
Lone Star Funds (1), ConnectOne Bank (1)
Top Ten Associated People:
Laura P. Sims (1), Peter Meyer (1)
Recent activity as company:
• SYU Properties borrowed $14 million from ConnectOne Bank for 249 West 30 Street on March 12, 2026.
• Lone Star Funds on February 26, 2025 bought a loan with an original principal of $22.7 million from Flagstar Bank, signed by Mitchel A. Baffa, secured by 249 West 30 Street, when owned by SYU Properties.
• Martin Goodstein sold 138-35 Queens Boulevard for $12.9 million to SYU Properties on September 10, 2020.
Latest Stories:
• Lone Star Funds buys $22.7M note secured by SYU Properties’s Penn Plaza office (April 01, 2025)
• RJ Capital pays $3.3M for corner next to its larger retail property in Briarwood (July 02, 2021)
• RJ Capital pays $13M for retail in Briarwood (September 14, 2020)
Properties:
