Werwaiss Properties

(Werwaiss & Co., Werwaiss & Company)

22-15 43rd Ave Suite 300, Long Island City, NY 11101

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Werwaiss Properties NYC portfolio

$223.1 million* – industrial 65%, elevator 33%; Queens 100%, Manhattan 0%

709th largest portfolio by dollar value

145,088 sqft – elevator 97%, industrial 2%;

1536th largest by SF

4 properties – Queens 100%, Manhattan 0%

1855th largest

397 residential units – Queens 100%, Manhattan 0%

555th largest by residential units

Company Activity past 24 months:

Seller company: 3 for $21.6 million

Borrower company: 1 for $110 million

Top Ten Associated Companies:

Terreno Realty Corporation (2), AIG (1), ZD Jasper Realty (1), JPMorgan Chase (1), Payam Kermanian (1)

Top Ten Associated People:

Hayes Graham (2), Zhi Dong Wu (1), Payam Kermanian (1)

Recent activity as company:

Werwaiss Properties sold 20-04 33rd Street, Ditmars Steinway, Queens for $6.3 million to Payam Kermanian on February 20, 2025.

Werwaiss Properties sold 48-29 31st Place, Long Island City, Queens for $7.6 million to Terreno Realty Corporation on December 13, 2024.

Werwaiss Properties sold 48-29 31st Place, Long Island City, Queens for $7.6 million to Terreno Realty Corporation on December 13, 2024.

Werwaiss Properties borrowed $110 million from AIG for 23-02 42nd Road and N/A 42nd Road, Long Island City, Queens on March 09, 2023.

Werwaiss Properties sold 45-11 Davis Street, Long Island City, Queens for $7.7 million to ZD Jasper Realty on February 09, 2022.

Werwaiss Properties borrowed $55.6 million from JPMorgan Chase for 27-10 Jackson Avenue and 25-36 Jackson Avenue, Long Island City, Queens on September 07, 2021.

Werwaiss Properties for Gretchen Werwaiss filed plans for new building for 229,495 sqft in Long Island City, Queens, on July 15, 2021.

Werwaiss Properties for John W. Werwaiss filed plans for new building for 117,547 sqft in Long Island City, Queens, on March 02, 2020.

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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