WellLife Network
(Professional Service Center for the Handicapped, Welllife Network Inc.)
1985 Marcus Avenue, Suite 100, New Hyde Park, NY 11042
People:
WellLife Network NYC portfolio
$311 million -development 63%, D1 31%, M1 3%; Queens 63%, Bronx 34%, Brooklyn 1%*
778th largest portfolio by dollar value
14,796 sqft – M1 46%, industrial 42%, D1 10%; Bronx 57%, Brooklyn 42%
5664th largest by SF
15 properties – Brooklyn 66%, Bronx 20%, Queens 13%
765th largest
202 residential units – Bronx 67%, Queens 32%
1235th largest by residential units
0 foreclosures, 0 bankruptcies, 472 other court cases.
Company Activity past 24 months:
Buyer company: 2 for $8.8 million
Borrower company: 2 for $85.5 million
Developer (new building or major alteration): 2 for 105,697 square feet
Top Ten Associated Companies:
NYS Housing Finance Agency (1), NYS Homeless Housing and Assistance Corporation (1), JPMorgan Chase (1), Enterprise Community Partners (1), Merchants Bank of Indiana (1), Corporation for Supportive Housing (1)
Top Ten Associated People:
Sharmi Sobhan (1), Baaba Halm (1)
Recent activity as company:
• WellLife Network for Alyse Larue filed plans for new building for 105,697 sqft in Brownsville, Brooklyn, on May 20, 2026.
• Russell Fedele and Brian Fedele sold 135 Osborn Street for $5.2 million to WellLife Network 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 borrowed $11.5 million from Corporation for Supportive Housing for 135 Osborn Street 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.
Latest Stories:
• WellLife Network files plans for 165 units in Brownsville (May 26, 2026)
• 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)
Court Records:
Properties: