Wharton Properties
(Wharton Residential Properties, Wharton Residential, Wharton Realty)
500 5th Ave 54th floor, New York, NY 10110
People:
Wharton Properties NYC portfolio
$3.1 billion -office 52%, retail 31%, mixed-use 6%; Manhattan 85%, Brooklyn 10%, Queens 2%*
68th largest portfolio by dollar value
3,468,999 sqft – office 60%, retail 18%, condo 8%; Manhattan 85%, Brooklyn 9%, Bronx 1%
123th largest by SF
100 properties – Manhattan 37%, Brooklyn 36%, Queens 13%
64th largest
226 residential units – Manhattan 63%, Brooklyn 36%
1068th 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: 10 for $340.7 million
Lender company: 4 for $0
Developer (new building or major alteration): 5 for 29,330 square feet
Top Ten Associated Companies:
Wharton Properties (5), Prada (4), SL Green Realty (3), Valley National Bank (3), BLDG Management (2), Cerberus Capital Management (2), Webster Bank (2), Blackstone Group (2), KB Financial Group (1), Little Flock Church (1)
Top Ten Associated People:
Maurizio Ciabatti (3), Lloyd Goldman (2), Oren Sapirstein (2), Jeff Sutton (1), Jeffrey A. Lehman (1), Peter J Mannarino (1), Phil Rothenberg (1), Maurizio Prainito (1), Adam Brenner (1), Peggy Hung Chun Ma (1)
Recent activity as company:
• Fromme Realty sold 19 Bank Street, West Village, Manhattan 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.
• Wharton Properties on December 29, 2025 bought a loan with an original principal of $8.6 million from the prior lender, secured by 174 Broadway, when owned by Wharton Properties.
• Robert Zeisel ground leased 78 Greene Street valued at $0 to Wharton Properties on December 17, 2025.
• Wharton Properties for Valon Gjonbalaj filed plans for major alteration for 15,081 sqft in Financial District, Manhattan, on November 14, 2025.
• Wharton Properties and Botsaris Morris Realty Group sold 166-19 Jamaica Avenue for $2.5 million to The buyer on October 17, 2025.
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)
• Vornado pays $19.1M for Jenel retail in Penn Plaza facing foreclosure auction (October 24, 2025)
Court Records:
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