United Developers
147-18 Hillside Ave Jamaica, NY 11435
People:
United Developers NYC portfolio
$66.8 million -V0 43%, retail 20%, mixed-use 15%; Queens 72%, Brooklyn 14%, Bronx 8%*
1925th largest portfolio by dollar value
64,835 sqft – retail 43%, industrial 31%, mixed-use 19%; Queens 43%, Bronx 33%, Brooklyn 16%
3045th largest by SF
22 properties – Queens 72%, Brooklyn 13%, Bronx 9%
476th largest
18 residential units – Queens 77%, Brooklyn 22%
3973th largest by residential units
Company Activity past 24 months:
Buyer company: 2 for $7.3 million
Seller company: 1 for $4.1 million
Borrower company: 1 for $21.6 million
Top Ten Associated Companies:
MonticelloAM (1), Karen Stensby (1), Rajive Maret (1), Xhelal Ahmetaj (1), Concern Logan Housing Development Fund (1)
Top Ten Associated People:
Marc A. Fox (1), Jack P. Thomas (1), Rajive Maret (1), Xhelal Ahmetaj (1), Ralph Fasano (1)
Recent activity as company:
• United Developers and Isreal Hirsch borrowed $21.6 million from MonticelloAM for None on June 04, 2026.
• 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 94-19 63 Drive for $2.5 million to United Developers on November 21, 2023.
• Stefanie A. Juster sold 94-01 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.
Latest Stories:
• $21.6M new construction loan with MonticelloAM for 74-unit project in Far Rockaway (June 17, 2026)
• United Developers pays $2.7M for industrial in Mt Hope (November 20, 2025)
• United Developers pays $4.6M at auction for 2 foreclosed South Slope properties (April 18, 2025)
• Zev Mayer pays $7.8M to Rajive Maret for dev site in Arverne (April 12, 2024)
• United Developers pays $2.85M for foreclosed office in Penn Plaza (March 08, 2024)
• United Developers pays $2.5M for mixed-use in Rego Park (December 01, 2023)
• Rajive Maret, Xhelal Ahmetaj pay $5.6M for 101-unit dev site in Arverne (February 17, 2023)
• United Developers pays $4M for development site with 101-unit plans in Arverne (August 12, 2022)
Properties: