WellLife Network
(Welllife Network Inc., Professional Service Center for the Handicapped)
1985 Marcus Avenue, Suite 100, New Hyde Park, NY 11042
People:
WellLife Network NYC portfolio
$135 million -D1 72%, development 15%, M1 7%; Bronx 80%, Queens 15%, Brooklyn 3%*
1238th largest portfolio by dollar value
14,796 sqft – M1 46%, industrial 42%, D1 10%; Bronx 57%, Brooklyn 42%
5460th largest by SF
14 properties – Brooklyn 71%, Bronx 21%, Queens 7%
741th largest
202 residential units – Bronx 67%, Queens 32%
1130th largest by residential units
0 foreclosures, 0 bankruptcies, 262 other court cases.
Company Activity past 24 months:
Buyer company: 2 for $8.8 million
Borrower company: 2 for $85.5 million
Top Ten Associated Companies:
NYS Housing Finance Agency (1), NYS Homeless Housing and Assistance Corporation (1), JPMorgan Chase (1), Enterprise Community Partners (1), Corporation for Supportive Housing (1), Merchants Bank of Indiana (1)
Top Ten Associated People:
Sharmi Sobhan (1), Baaba Halm (1)
Recent activity as company:
• Russell Fedele and Brian Fedele sold 135 Osborn Street for $5.2 million to WellLife Network on April 22, 2025.
• WellLife Network borrowed $11.5 million from Corporation for Supportive Housing for 135 Osborn Street on April 22, 2025.
• Russell Fedele and Brian Fedele sold 127 Osborn Street for $3.5 million to WellLife Network on April 22, 2025.
• WellLife Network and Richman Group borrowed $74 million from NYS Housing Finance Agency, NYS Homeless Housing and Assistance Corporation and JPMorgan Chase for 3663 White Plains Road on October 24, 2024.
• WellLife Network for Karen Gorman filed plans for new building for 99,707 sqft in Olinville, Bronx, on December 07, 2023.
• Tishman Speyer sold 51-15 Beach Channel Drive for $11.5 million to WellLife Network on June 26, 2023.
• WellLife Network borrowed $9.8 million from Enterprise Community Partners for 3649 White Plains Road on October 18, 2022.
• Church of Saint Mary sold 3649 White Plains Road for $7.5 million to WellLife Network on October 18, 2022.
• WellLife Network borrowed $16.2 million from Merchants Bank of Indiana for 80-97 Cypress Avenue on September 17, 2020.
• WellLife Network for Sherry Tucker filed plans for new building for 45,075 sqft in Glendale, Queens, on August 02, 2018.
Latest Stories:
• Nonprofit WellLife Network in contract to pay $9M for dev site in Jamaica (January 25, 2026)
• Nonprofit WellLife Network pays $8.7M for likely dev site in Brownsville (May 08, 2025)
• WellLife, Richman signs $74M construction loan for 136-unit project in Olinville (March 04, 2025)
• Nonprofit WellLife Network plans 136-unit project in Olinville (December 12, 2023)
• Arker Companies borrows $34M from Wells Fargo for development site in Arverne (February 25, 2020)
Court Records:
Properties: