United Developers

147-18 Hillside Ave Jamaica, NY 11435

People:

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United Developers NYC portfolio

$38 million -retail 36%, mixed-use 26%, development 18%; Queens 51%, Brooklyn 25%, Bronx 15%*

2564th largest portfolio by dollar value

64,835 sqft – retail 43%, industrial 31%, mixed-use 19%; Queens 43%, Bronx 33%, Brooklyn 16%

3001th largest by SF

21 properties – Queens 71%, Brooklyn 14%, Bronx 9%

491th largest

18 residential units – Queens 77%, Brooklyn 22%

3909th largest by residential units

Company Activity past 24 months:

Buyer company: 5 for $16 million

Seller company: 1 for $4.1 million

Top Ten Associated Companies:

Rajive Maret (1), Xhelal Ahmetaj (1), Concern Logan Housing Development Fund (1), Karen Stensby (1)

Top Ten Associated People:

Rajive Maret (1), Xhelal Ahmetaj (1), Ralph Fasano (1), Jack P. Thomas (1)

Recent activity as company:

• United Developers sold 292 Gates Avenue, Bedford Stuyvesant, Brooklyn for $4.1 million to Karen Stensby on February 03, 2026.

• Jesus Jorge sold 1769 Carter Avenue for $2.7 million to United Developers on October 31, 2025.

• Serabjit Singh sold 461 6 Avenue for $4.6 million to United Developers on April 10, 2025.

• Michael Sgouros sold 192 Beach 116 Street for $4.5 million to United Developers on April 22, 2024.

• Blue Communities sold N/A Beach 26th Street, N/A Beach 26th Street, N/A Beach 25th Street, N/A Beach 25th Street, N/A Beach 25th Street, and others, Far Rockaway, Queens for $1.3 million to United Developers on March 19, 2024.

• Juan Ortiz sold 252 West 31 Street for $2.9 million to United Developers on March 01, 2024.

• Stefanie A. Juster sold 94-01 63 Drive for $2.5 million to United Developers on November 21, 2023.

• Stefanie A. Juster sold 94-19 63 Drive for $2.5 million to United Developers on November 21, 2023.

• United Developers for Matthew Ahdoot filed plans for major alteration for 5,278 sqft in Bedford Stuyvesant, Brooklyn, on June 27, 2023.

• United Developers sold 60-14 Beach Channel Drive for $5.6 million to Rajive Maret and Xhelal Ahmetaj on February 02, 2023.

Properties:

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