Alexander Pires

(AJ Pires, A.J. Pires, Alexander J. Pires III)

Alloy Development

20 Jay Street, Suite 1003 Brooklyn, NY 11201

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Alloy Development portfolio

$17 million* – condo 38.0%, specialty 32.0%; Brooklyn 100.0%, Manhattan 0.0%

1947th largest portfolio by dollar value

554,440 sqft – condo 88.0%, specialty 7.0%;

561th largest by SF

11 properties – Brooklyn 100%, Manhattan 0%

803th largest

4 residential units – Brooklyn 100.0%, Manhattan 0.0%

5654th largest by residential units

0 foreclosures, 0 bankruptcies, 1 other court case.

Person Activity past 24 months:

Borrower signatory: 1 for $240 million

Developer (new building or major alteration): 8.0 for 653,777 square feet

Top Ten Associated Companies:

New York Life Insurance Company (1)

Top Ten Associated People:

Delilah Iovino (1)

Recent activity as company:

Alexander Pires filed plans for new building for 639,873 sqft in Boerum Hill, Brooklyn, on January 14, 2025.

Alloy Development borrowed $240 million from New York Life Insurance Company for 100 Flatbush Avenue, 100 Flatbush Avenue, 489 State Street, and 100 Flatbush Avenue, None, Brooklyn on December 30, 2024.

*The Portfolio Value is the city’s Market Value, which is typically 50% or less of actual market value.

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