Watermark Capital Group

(Watermark Capital Management, Full Time Management)

Owner

Partnership

185 Marcy Avenue, Suite 304 Brooklyn, NY 11211

543 Bedford Avenue, Suite 264, Brooklyn, NY 11211

182 Middleton St Brooklyn, NY 11206

People:

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Wolfe Landau Founding Partner Office: +1 718 599 3838

Shulem Kessler Associate Partner, Architecture & Design

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Watermark Capital Group NYC portfolio

$877.8 million -walkup 33%, industrial 21%, office 18%; Brooklyn 80%, Queens 18%, Manhattan 1%*

258th largest portfolio by dollar value

1,436,048 sqft – walkup 50%, elevator 17%, office 12%; Brooklyn 88%, Queens 7%, Manhattan 3%

345th largest by SF

118 properties – Brooklyn 93%, Queens 5%

48th largest

1,360 residential units – Brooklyn 88%, Queens 11%

256th largest by residential units

4 foreclosures, 0 bankruptcies, 100 other court cases.

Notes

Website: Founded in 2006, Full Time Management officially becoming Watermark Capital Management in 2016 to provide optimal management services to the high-end, luxury properties owned by Watermark Capital Group.

Company Activity past 24 months:

Buyer company: 7 for $56.8 million

Seller company: 1 for $0

Borrower company: 13 for $450.5 million

Developer (new building or major alteration): 7 for 768,158 square feet

Top Ten Associated Companies:

S3 Capital (3), Signature Bank (2), QuadReal Property Group (2), Crescent Edge (1), Broadview Capital (1), Bridge City Funding (1), Bravo Capital (1), BridgeCity Capital (1), Menachem M. Deutsch (1), Wells Fargo (1)

Top Ten Associated People:

Kenneth A. Stagnari (2), Paul Stern (2), Robert Schwartz (1), Aaron Krawitz (1), Louis Lebovits (1), Menachem M. Deutsch (1), Anthony J. Boucino (1), Ezra Husney (1), Daryl Hagler (1), Jeffrey Levitin (1)

Recent activity as company:

• Roman Catholic Church and Roman Catholic Church of Our Lady of Mount Carmel ground leased None valued at $2 million to Watermark Capital Group on March 10, 2026.

• Watermark Capital Group borrowed $65 million from S3 Capital for 6224 8 Avenue on February 12, 2026.

• Watermark Capital Group borrowed $7.7 million from Genesis Capital for 106 Downing Street on January 29, 2026.

• Jacob Marciano and Solomon Fried sold 40 Hoyt Street for $6 million to Watermark Capital Group on October 28, 2025.

• St. Agnes Roman Catholic Church in the City of Brooklyn and Roman Catholic Church ground leased 433 Sackett Street, Gowanus, Brooklyn valued at $3.8 million to Watermark Capital Group and Shulem Kessler on August 19, 2025.

• Watermark Capital Group and Shulem Kessler borrowed $6.5 million from S3 Capital for 433 Sackett Street, Gowanus, Brooklyn on August 19, 2025.

• Watermark Capital Group borrowed $31 million from QuadReal Property Group for 187 Leonard Street on July 09, 2025.

• Watermark Capital Group borrowed $31.2 million from QuadReal Property Group for 17 Monitor Street on July 09, 2025.

• St. Cecilia’s Roman Catholic Church and Roman Catholic Church ground leased 17 Monitor Street valued at $9 million to Watermark Capital Group on July 09, 2025.

• Watermark Capital Group and Quality Capital USA borrowed $10.5 million from Northwind Group for 101 7th Avenue, Chelsea, Manhattan on July 01, 2025.

Latest Stories:

• Watermark Capital, partners sign 99-year lease for new dev in East Williamsburg, site valued at $17M (April 21, 2026)

• Brooklyn CB7 pushes Watermark for more large affordable units at 214-unit St. Rocco’s project in Greenwood Heights (April 16, 2026)

• Watermark Capital Group signs $2M ground lease for 99-unit dev site in Williamsburg (March 18, 2026)

• Watermark modifies ground lease with St. Cecilia’s in Williamsburg valued at $9M (July 23, 2025)

• Watermark Capital signs $31M refi loan with QuadReal for two walkups in Williamsburg (July 22, 2025)

• Watermark, Quality Capital pay $11M to Regency Centers for former Barneys retail condo in Chelsea (July 11, 2025)

• Watermark Capital files two plans in Jamaica with 196 total units (March 30, 2025)

• Watermark, Rubin Equities sign $210M construction loan with S3 Capital for mixed-use in Sunset Park (March 25, 2025)

• Watermark, Rubin Equities sign $125M construction loan with Bravo Capital for resi conversion in Downtown Brooklyn (March 21, 2025)

• Investors allege Watermark Capital excluded them from larger Ft. Greene plans (January 30, 2025)

Court Records:

[leaky_paywall_subscriber levels=”5,6,7″]

• Arion Fund filed a $14.5 million pre-foreclosure 717568/2026 on June 12, 2026, against Watermark Capital Group and Wolfe Landau at 138-25 Barclay Avenue.

• Santander Bank filed a $47 million pre-foreclosure 517136/2026 on May 08, 2026, against Watermark Capital Group, Wolfe Landau, Meir D. Tabak, Sinai Teitelbaum and Meier Weisz at 321 Wythe Avenue.

• Roman Catholic Church and Roman Catholic Church of Our Lady of the Rosary of Pompei filed a $17 million lawsuit 513862/2026 against Watermark Capital Group, Wolfe Landau, Joel Wieder and David Grunfeld on April 17, 2026, seeking a judgment related to leave to lease at 225 Seigel Street.

• Wolfe Landau and Watermark Capital Group filed a $15 million lawsuit 650847/2025 against Paul Jensen and Mark Rigerman on February 11, 2025, seeking a money judgment related to partnership at 144 St Felix Street.

• Paul Jensen and Mark Rigerman filed a $15 million lawsuit 650542/2025 against Wolfe Landau and Watermark Capital Group on January 28, 2025, seeking a money judgment related to partnership at 144 St Felix Street.

• Blackstone Group filed a $3 million pre-foreclosure 531530/2024 on November 20, 2024, against Wolfe Landau and Watermark Capital Group at 381 Marcy Avenue.

• Roman Catholic Church and Diocese of Brooklyn filed a $9.7 million lawsuit 525882/2024 against Watermark Capital Group, Wolfe Landau and Shulem Kessler on September 24, 2024, seeking a judgment related to leave to lease at 341 Highland Boulevard.

• Blackstone Group and Rialto Capital filed a $45.3 million pre-foreclosure 521254/2024 on August 07, 2024, against Watermark Capital Group, Wolfe Landau and Meir D. Tabak at 6128 8 Avenue.

• Watermark Capital Group and Maguire Capital Group filed a $10 million lawsuit 652924/2024 against Andrew Kohen on June 11, 2024, seeking a judgment related to contract at 6128 8 Avenue.

• A $3 million lawsuit was filed 507883/2024 against Wolfe Landau, Watermark Capital Group and Shulem Kessler on March 19, 2024, seeking a judgment related to leave to lease at 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street, 423 Sackett Street and 423 Sackett Street.

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Properties:

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• Condo building on comm, chelsea, manhattan (1007921301)

• Office building on 95 high street, downtown brooklyn, brooklyn (3000870005)

• Elevator building on 13 duffield street, downtown brooklyn, brooklyn (3001090001)

• Mixed-use building on 40 hoyt street, boerum hill, brooklyn (3001640036)

• Walkup building on 140 4 avenue, 8, gowanus, brooklyn (3004070034)

• D1 building on gowanus, brooklyn (3004230065)

• Walkup building on 666 4 avenue, greenwood heights, brooklyn (3006360040)

• Walkup building on 724 5 avenue, greenwood heights, brooklyn (3006490033)

• Walkup building on 1013 pacific street, 6, crown heights, brooklyn (3011250070)

• Walkup building on 1011 pacific street, 6, crown heights, brooklyn (3011250071)

• Walkup building on 891 bergen street, crown heights, brooklyn (3011420083)

• Walkup building on 890 bergen street, crown heights, brooklyn (3011490023)

• Mixed-use building on 790 franklin avenue, 6, crown heights, brooklyn (3011780053)

• Walkup building on 1061 bergen street, crown heights, brooklyn (3012120059)

• Walkup building on 711 st marks avenue, crown heights, brooklyn (3012200075)

• Walkup building on 732 st marks avenue, crown heights, brooklyn (3012270021)

• Walkup building on 763 st johns place, crown heights, brooklyn (3012470076)

• Walkup building on 607 lincoln place, crown heights, brooklyn (3012520030)

• Walkup building on 171 rogers avenue, crown heights, brooklyn (3012540008)

• Walkup building on 169 rogers avenue, crown heights, brooklyn (3012540009)

• Walkup building on 185 buffalo avenue, 24, crown heights, brooklyn (3013630001)

• Walkup building on 1675 lincoln place, 16, brownsville, brooklyn (3014730049)

• Walkup building on 665 hancock street, 20, bedford stuyvesant, brooklyn (3016570075)

• Walkup building on 38 nostrand avenue, bedford stuyvesant, brooklyn (3017180046)

• B1 building on 928 kent avenue, bedford stuyvesant, brooklyn (3019110045)

• M3 building on 193 taaffe place, bedford stuyvesant, brooklyn (3019110048)

• Walkup building on 499 washington avenue, clinton hill, brooklyn (3019790001)

• Industrial building on 106 downing street, clinton hill, brooklyn (3019910019)

• Elevator building on 1068 fulton street, bedford stuyvesant, brooklyn (3020160012)

• Walkup building on 557 franklin avenue, bedford stuyvesant, brooklyn (3020210004)

• Walkup building on 182 middleton street, williamsburg, brooklyn (3022420015)

• Walkup building on 541 flushing avenue, williamsburg, brooklyn (3022640074)

• M3 building on none, williamsburg, brooklyn (3023150033)

• Walkup building on 117 south 2 street, williamsburg, brooklyn (3024050039)

• Walkup building on 723 driggs avenue, williamsburg, brooklyn (3024070001)

• Walkup building on 111 dupont street, greenpoint, brooklyn (3024870048)

• Elevator building on 102 dupont street, greenpoint, brooklyn (3024950030)

• M3 building on 119 eagle street, greenpoint, brooklyn (3024950057)

• Walkup building on 215 franklin street, greenpoint, brooklyn (3025030027)

• Walkup building on 171 green street, greenpoint, brooklyn (3025130001)

• Elevator building on 35 greenpoint avenue, greenpoint, brooklyn (3025560058)

• Walkup building on 179 maujer street, 8, williamsburg, brooklyn (3027890037)

• Walkup building on 72 maujer street, williamsburg, brooklyn (3027920015)

• Walkup building on 187 leonard street, williamsburg, brooklyn (3027920016)

• Walkup building on 57 herbert street, 6, williamsburg, brooklyn (3028270030)

• Walkup building on 21 monitor street, williamsburg, brooklyn (3028320012)

• Specialty building on 17 monitor street, williamsburg, brooklyn (3028320015)

• B9 building on 215 richardson street, williamsburg, brooklyn (3028320025)

• Walkup building on 2 north henry street, williamsburg, brooklyn (3028320027)

• M9 building on 132 manhattan avenue, williamsburg, brooklyn (3030610007)

• Walkup building on 75 jefferson street, bushwick, brooklyn (3031620045)

• Walkup building on 59 wilson avenue, bushwick, brooklyn (3031650003)

• Walkup building on 255 jefferson street, bushwick, brooklyn (3031650038)

• Walkup building on 253 jefferson street, bushwick, brooklyn (3031650039)

• Walkup building on 237 jefferson street, bushwick, brooklyn (3031650047)

• Walkup building on 229 jefferson street, bushwick, brooklyn (3031650051)

• Walkup building on 14 irving avenue, bushwick, brooklyn (3031660033)

• Walkup building on 184 jefferson street, bushwick, brooklyn (3031730017)

• Walkup building on 300 jefferson street, 8, bushwick, brooklyn (3031750016)

• Walkup building on 293 troutman street, 8, bushwick, brooklyn (3031750048)

• Walkup building on 287 troutman street, 8, bushwick, brooklyn (3031750050)

• Walkup building on 659 bushwick avenue, bushwick, brooklyn (3031830009)

• Walkup building on 655 bushwick avenue, bushwick, brooklyn (3031830010)

• Walkup building on 64 troutman street, bushwick, brooklyn (3031830032)

• Elevator building on 260 knickerbocker avenue, bushwick, brooklyn (3031970034)

• Walkup building on 164 central avenue, bushwick, brooklyn (3032070038)

• Walkup building on 162 central avenue, bushwick, brooklyn (3032070137)

• Mixed-use building on 149 wilson avenue, bushwick, brooklyn (3032190007)

• Walkup building on 757 hart street, bushwick, brooklyn (3032190049)

• Walkup building on 776 hart street, bushwick, brooklyn (3032350018)

• Mixed-use building on 319 knickerbocker avenue, 7, bushwick, brooklyn (3032360006)

• Mixed-use building on 317 knickerbocker avenue, 7, bushwick, brooklyn (3032360007)

• Walkup building on 900 hart street, bushwick, brooklyn (3032370010)

• Walkup building on 1498 dekalb avenue, bushwick, brooklyn (3032470019)

• Walkup building on 263 stockholm street, bushwick, brooklyn (3032470039)

• Walkup building on 846 bushwick avenue, bushwick, brooklyn (3032520032)

• Walkup building on 170 stockholm street, bushwick, brooklyn (3032570010)

• Walkup building on 172 stockholm street, bushwick, brooklyn (3032570011)

• Walkup building on 183 stanhope street, bushwick, brooklyn (3032570042)

• Walkup building on 171 stanhope street, bushwick, brooklyn (3032570048)

• Walkup building on 167 stanhope street, bushwick, brooklyn (3032570050)

• Mixed-use building on 383 knickerbocker avenue, bushwick, brooklyn (3032580001)

• Retail building on 379 knickerbocker avenue, bushwick, brooklyn (3032580002)

• Mixed-use building on 375 knickerbocker avenue, bushwick, brooklyn (3032580003)

• Mixed-use building on 373 knickerbocker avenue, bushwick, brooklyn (3032580004)

• Walkup building on 243 himrod street, bushwick, brooklyn (3032690047)

• Walkup building on 297 harman street, bushwick, brooklyn (3032790050)

• Walkup building on 289 harman street, bushwick, brooklyn (3032790054)

• Walkup building on 1149 greene avenue, bushwick, brooklyn (3032850083)

• Walkup building on 320 harman street, bushwick, brooklyn (3032890020)

• Mixed-use building on 1375 greene avenue, bushwick, brooklyn (3032890032)

• Walkup building on 1363 greene avenue, bushwick, brooklyn (3032890038)

• Walkup building on 85 bleecker street, bushwick, brooklyn (3032960066)

• Walkup building on 81 bleecker street, bushwick, brooklyn (3032960067)

• Walkup building on 137 bleecker street, bushwick, brooklyn (3032970050)

• Walkup building on 1432 greene avenue, bushwick, brooklyn (3033010014)

• Walkup building on 435 bleecker street, bushwick, brooklyn (3033030035)

• Walkup building on 11a menahan street, bushwick, brooklyn (3033040023)

• Walkup building on 49 menahan street, bushwick, brooklyn (3033050074)

• Walkup building on 383 menahan street, bushwick, brooklyn (3033110040)

• Walkup building on 1002 bushwick avenue, bushwick, brooklyn (3033210020)

• Walkup building on 653 knickerbocker avenue, bushwick, brooklyn (3033650102)

• Walkup building on 264 cornelia street, 6, bushwick, brooklyn (3033840019)

• Walkup building on 1328 hancock street, 6, bushwick, brooklyn (3033990014)

• Walkup building on 814 knickerbocker avenue, bushwick, brooklyn (3034180029)

• Walkup building on 816 knickerbocker avenue, bushwick, brooklyn (3034180031)

• Walkup building on 1287 decatur street, 6, bushwick, brooklyn (3034300040)

• Walkup building on 1277 decatur street, 6, bushwick, brooklyn (3034300043)

• Walkup building on 635 wilson avenue, 10, bushwick, brooklyn (3034360003)

• Walkup building on 1286 decatur street, 6, bushwick, brooklyn (3034360022)

• Industrial building on 6224 8 avenue, dyker heights, brooklyn (3057940075)

• Industrial building on 41-01 24 street, long island city, queens (4004140023)

• Walkup building on 1641 putnam avenue, ridgewood, queens (4035450069)

• Walkup building on 1625 putnam avenue, ridgewood, queens (4035450075)

• Walkup building on 1017 wyckoff avenue, ridgewood, queens (4035520002)

• Walkup building on 1015 wyckoff avenue, ridgewood, queens (4035520003)

• D3 building on 138-25 barclay avenue, flushing, queens (4050440074)

• Retail building on 159-14 hillside avenue, jamaica, queens (4097650043)

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