Hercules Argyriou
Mega Contracting Group
(Mega Group Development, Mega Contracting, Mega Development)
Owner
48-02 25th Avenue, Suite 400 Astoria, NY 11103
Mega Contracting Group NYC portfolio
$1.1 billion -industrial 47%, elevator 32%, mixed-use 15%; Bronx 64%, Manhattan 24%, Brooklyn 6%*
216th largest portfolio by dollar value
896,194 sqft – elevator 69%, condo 15%, industrial 9%; Bronx 81%, Queens 18%
535th largest by SF
14 properties – Bronx 52%, Queens 35%, Manhattan 5%
727th largest
798 residential units – Bronx 85%, Queens 14%
413th largest by residential units
Person Activity past 24 months:
Buyer signatory: 2 for $16.2 million
Seller signatory: 1 for $6.5 million
Borrower signatory: 5 for $768.6 million
Top Ten Associated Companies:
NYC Housing Development Corporation (2), TD Bank (2), Webster Bank (2), Corporation for Supportive Housing (1), Amerco (1), Mega Contracting Group (1), Montefiore Medical Center (1), Wells Fargo (1), NYC Department of Housing Preservation and Development (1), New York City Housing Authority (1)
Top Ten Associated People:
Lauren Connors (2), Matthew Schatz (1), Matthew F. Braccia (1), Daniel K. Johansson (1), Edward Pfleging (1), William D’Allesandro (1), Erick Navarro (1), Jonathan Gouveia (1), Jose Arredondo (1), Christopher J. Alleva (1)
Recent activity as signatory:
• Community League of the Heights, Mega Contracting Group and Brisa Builders borrowed $262.3 million from Wells Fargo and NYC Department of Housing Preservation and Development for 694 East 149 Street on May 08, 2026.
• New York City Housing Authority ground leased 694 East 149 Street valued at $5.6 million to Community League of the Heights, Mega Contracting Group and Brisa Builders on May 08, 2026.
• Mega Contracting Group borrowed $200.4 million from NYC Housing Development Corporation for 109 East 118 Street on December 18, 2025.
• Mega Contracting Group and BronxWorks borrowed $169.3 million from NYC Housing Development Corporation for 395 East 166 Street on December 18, 2025.
• Mega Contracting Group and Community Access borrowed $128.5 million from TD Bank for 1904 Bathgate Avenue on December 11, 2025.
• Mega Contracting Group borrowed $8 million from Webster Bank for 1776 Hoe Avenue on March 07, 2025.
• Montefiore Medical Center sold 1776 Hoe Avenue for $10.6 million to Mega Contracting Group on March 07, 2025.
• Mega Contracting Group sold 27-07 Brooklyn Queens Expressway West for $6.5 million to Amerco on September 16, 2024.
• Mega Contracting Group borrowed $18.2 million from Corporation for Supportive Housing for 1904 Bathgate Avenue on April 16, 2024.
• Hercules Argyriou borrowed $43 million from Webster Bank, First Horizon Bank and Bank of Greene County for 22-60 46 Street on July 21, 2022.
Latest Stories:
• Hercules Argyriou of Mega Contracting pays $10.6M in East Morrisania (March 14, 2025)
• U-Haul parent company Amerco pays $6.5M for dev site in Woodside (September 20, 2024)
• 259-unit project filed at Schur Management-owned parcel in Concord Village (August 28, 2023)
• HPD files plans for 341-unit building in East Harlem (November 02, 2022)
• Homeless agency pays $6.1M for parking lot in East New York (March 03, 2021)
• Mega Contracting files plans for a 93K sf mixed-use building in Astoria (July 17, 2020)
• Mega Realty files plans for 69K sf mixed-use building in Astoria (July 13, 2020)