United Developers

147-18 Hillside Ave Jamaica, NY 11435

People:

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United Developers NYC portfolio

$40.3 million* – retail 40%, mixed-use 32%, development 15%; Queens 53%, Brooklyn 31%, Manhattan 7%

2170th largest portfolio by dollar value

48,035 sqft – retail 58%, mixed-use 26%, office 8%;

3012th largest by SF

20 properties – Queens 75%, Brooklyn 15%, Manhattan 5%

386th largest

18 residential units – Queens 77%, Brooklyn 22%

3442th largest by residential units

Company Activity past 24 months:

Buyer company: 6 for $18.3 million

Developer (new building or major alteration): 1 for 5,278 square feet

Top Ten Associated Companies:

Stefanie A. Juster (2), Salvatore M. Bruno (1), Serabjit Singh (1), Eugene John Bleecker II (1), Hubert Lawton foreclosed (1), Brad Goodman (1), Blue Communities (1), Juan Ortiz (1), Michael Sgouros (1), Rajive Maret (1)

Top Ten Associated People:

Stefanie A. Juster (2), Salvatore M. Bruno AKA Robert Bruno (1), Camille C. Bruno (1), Jeffrey R. Miller (1), Eugene John Bleecker II (1), Michael D. Benjamin (1), Brad Goodman (1), Doron Pergament (1), Jerry A. Merola (1), Michael Sgouros (1)

Recent activity as company:

• Serabjit Singh sold 461 6th Avenue and 463 6th Avenue, South Slope, Brooklyn for $4.6 million to United Developers on April 10, 2025.

• Michael Sgouros sold 1-92 Beach 116th Street, 186 Beach 116th Street, and 194 Beach 116th Street, Rockaway Park, Queens 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 31st Street, Penn Plaza, Manhattan for $2.9 million to United Developers on March 01, 2024.

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

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

• United Developers sold N/A Beach Channel Drive, Arverne, Queens for $5.6 million to Rajive Maret and Xhelal Ahmetaj on February 02, 2023.

• Hubert Lawton foreclosed sold 1344 Utica, East Flatbush, Brooklyn for $2 million to United Developers on August 29, 2022.

• Brad Goodman sold N/A Beach Channel Drive and 59-14 Beach Channel Drive, Arverne, Queens for $4 million to United Developers on July 18, 2022.

• Salvatore M. Bruno sold 57 East Kingsbridge Rd, Fordham Manor, Bronx for $3.1 million to United Developers on September 10, 2021.

Properties:

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*The Portfolio Value is a PincusCo estimate based on a property’s recent sale or loan, or multiplying the city’s Market Value by two.

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