Wharton Properties
(Wharton Realty, Wharton Residential, Wharton Residential Properties)
500 5th Ave 54th floor, New York, NY 10110
People:
Wharton Properties NYC portfolio
$3.3 billion -office 48%, retail 35%, mixed-use 6%; Manhattan 86%, Brooklyn 9%, Queens 2%*
62th largest portfolio by dollar value
3,509,903 sqft – office 60%, retail 19%, condo 8%; Manhattan 86%, Brooklyn 9%, Bronx 1%
122th largest by SF
100 properties – Manhattan 38%, Brooklyn 36%, Queens 13%
70th largest
226 residential units – Manhattan 63%, Brooklyn 36%
1073th largest by residential units
8 foreclosures, 0 bankruptcies, 11 other court cases.
Company Activity past 24 months:
Buyer company: 5 for $66 million
Seller company: 9 for $369.7 million
Borrower company: 13 for $391.9 million
Lender company: 3 for $0
Developer (new building or major alteration): 3 for 23,390 square feet
Top Ten Associated Companies:
Wharton Properties (5), Prada (4), Webster Bank (4), SL Green Realty (3), Valley National Bank (3), Blackstone Group (2), Cerberus Capital Management (2), Provident Bank (2), BLDG Management (2), Jack Israel (1)
Top Ten Associated People:
Maurizio Ciabatti (3), Adam Brenner (3), Lloyd Goldman (2), Oren Sapirstein (2), Jack Israel (1), William Crable (1), Stella Sklias (1), Andrew R. Cohen (1), Bradley D. Berkley (1), Ramon Ferrar (1)
Recent activity as company:
• Wharton Properties borrowed $14 million from Webster Bank for 16 Bedford Street on June 30, 2026.
• Wharton Properties borrowed $17 million from Webster Bank for 74 Bedford Street on June 30, 2026.
• Seyfarth Shaw registered on June 24, 2026 bought a loan with an original principal of $50 million from Helaba, signed by Stephan van de Loecht|Aaron D. Jaffe, secured by 27 West 34 Street, when owned by Wharton Properties.
• Wharton Properties borrowed $20.3 million from Provident Bank for 42 West 34 Street on June 21, 2026.
• Fromme Realty sold None for $14 million to Wharton Properties on May 27, 2026.
• Seth Rubinstein and Ira Rubinstein sold None for $5.2 million to Wharton Properties on April 28, 2026.
• Wharton Properties, BNK Financial Group and Daol Asset Management sold 174 Berry Street for $33.5 million to Yoshida & Co. on March 16, 2026.
• Wharton Properties sold 481 Kings Highway for $6.8 million to Jack Israel on March 11, 2026.
• SL Green Realty and Wharton Properties sold 23 East 62 Street for $54.5 million to Richemont on February 24, 2026.
• Wharton Properties borrowed $176 million from Acore Capital for 1553 Broadway on February 09, 2026.
Latest Stories:
• Jeff Sutton’;s Wharton Properties pays $5.2M for mixed-use retail in Brighton Beach (May 07, 2026)
• Jack Israel pays $6.8M to Wharton Properties for mixed-use in Gravesend (March 18, 2026)
• Yoshida &; Co. pays $33.5M to Jeff Sutton, partners for retail in Williamsburg (March 18, 2026)
• Wharton Properties signs $176M refi with Acore for retail in Times Square (March 04, 2026)
• Richemont is buyer of 690 Madison, pays SLG, Jeff Sutton $54.5M: Sources (March 03, 2026)
• Wharton Properties signs 35-year ground lease for retail, residential in SoHo (December 23, 2025)
• Buyer pays $2.5M to Jeff Sutton, Peter Botsaris for retail in Jamaica (October 27, 2025)
Court Records:
Properties: