Dino Tomassetti Jr.

(Dino Tomassetti)

Asset Realty & Construction Group

Developer, Owner

1590 Troy Avenue, Brooklyn, NY 11234

Asset Realty & Construction Group|Dino Tomassetti Jr. NYC portfolio

$45.6 million* – development 57%, elevator 42%; Queens 57%, Bronx 42%

1961th largest portfolio by dollar value

49,563 sqft – elevator 100%;

2915th largest by SF

2 properties – Bronx 50%, Queens 50%

3186th largest

66 residential units – Bronx 100%

1878th largest by residential units

Person Activity past 24 months:

Seller signatory: 3 for $19.9 million

Borrower signatory: 2 for $45.7 million

Developer (new building or major alteration): 8 for 0 square feet

Top Ten Associated Companies:

Thomas Polsinelli (2), Columbia Bank (1), Investors Bank (1), Jack Aini (1), Criterion Group (1), LBA Realty (1), 1st Constitution Bank (1), Solomon Fried (1), JPMorgan Chase (1), Kathleen Tomassetti (1)

Top Ten Associated People:

Thomas Polsinelli (2), Yung Ching Siu (1), Steven R. Layton (1), Lisa A. Borghese (1), Solomon Fried (1), Liam Dougherty (1), Kathleen Tomassetti (1)

Recent activity as signatory:

Asset Realty & Construction Group sold 130 Beach 137th Street, Belle Harbor, Queens for $2 million to Kathleen Tomassetti on April 02, 2025.

Thomas Polsinelli borrowed $13.2 million from Arbor Realty Trust for 114-06 Rockaway Beach Boulevard, 114-30 Rockaway Beach Boulevard, 114-06 Rockaway Beach Boulevard, 114-30 Rockaway Beach Boulevard, 114-06 Rockaway Beach Boulevard, and others, Rockaway Park, Queens on March 19, 2025.

Asset Realty & Construction Group sold 900 East 92nd Street, Canarsie, Brooklyn for $4.5 million to Solomon Fried on June 03, 2024.

Asset Realty & Construction Group sold 114-06 Rockaway Beach Boule, 114-30 Rockaway Beach Boule, 114-06 Rockaway Beach Boule, 114-30 Rockaway Beach Boule, 114-06 Rockaway Beach Boule, and others, Rockaway Park, Queens for $13.5 million to Thomas Polsinelli on March 13, 2024.

Asset Realty & Construction Group borrowed $19.7 million from Columbia Bank for N/A Rockaway Beach Blvd, Rockaway Beach, Queens on December 08, 2023.

Dino Tomassetti Jr. and Irene Tomassetti borrowed $26 million from JPMorgan Chase for 218 5th Avenue, NoMad, Manhattan on September 11, 2023.

Asset Realty & Construction Group sold 2-23 Beach 101st Street, Rockaway Beach, Queens for $5.8 million to Jack Aini on September 19, 2022.

Asset Realty & Construction Group sold 192 Beach 102nd Street, Rockaway Beach, Queens for $3.8 million to Thomas Polsinelli on September 09, 2022.

Asset Realty & Construction Group sold 3536 Peartree Avenue, Eastchester, Bronx for $5.8 million to Criterion Group on December 17, 2021.

• Dino Tomassetti filed plans for new building for 162,428 sqft in Rockaway Beach, Queens, on November 08, 2021.

Latest Stories:

• Stellar Management signs $80M refi with Lone Star Funds for office in NoMad (March 28, 2025)

• Thomas Polsinelli pays $13.5M to Asset Realty for two rentals in Rockaway Park (March 14, 2024)

• Dino Tomassetti Jr. signs $26M refi for fee under NoMad office (September 12, 2023)

• Stellar Management pays Dino Tomassetti Jr. affiliate $133.3M for NoMad office building (November 01, 2022)

• Stellar Management signs $80M refi with New York Community Bank for office in NoMad (October 31, 2022)

• Criterion Group pays $5.8M to Asset Realty for development site in Eastchester (December 20, 2021)

• LBA Realty signs $19.2M initial loan with Bank of America for industrial in Maspeth (October 22, 2021)

• Asset Realty & Construction Group gets $14M construction loan from Investors Bank for property in Riverdale (February 24, 2021)

• Commercial and logistics firm LBA Realty pays $26M for vacant land in Maspeth (June 09, 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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