Joel Wertzberger
Ceo
Joyland Group
(Joyland Group, Hamilton Eastman)
Owner
4403 15th Avenue, Suite 530 Brooklyn, NY 11218
Joyland Group|Hamilton Eastman|BridgeCity Capital NYC portfolio
$914.2 million -development 35%, elevator 13%, specialty 12%; Brooklyn 85%, Bronx 11%, Queens 1%*
252th largest portfolio by dollar value
712,309 sqft – elevator 35%, condo 23%, walkup 11%; Brooklyn 62%, Bronx 33%, Queens 4%
640th largest by SF
41 properties – Bronx 55%, Brooklyn 37%, Staten Island 3%
229th largest
1,100 residential units – Brooklyn 87%, Bronx 9%, Queens 2%
305th largest by residential units
0 foreclosures, 0 bankruptcies, 92 other court cases.
Notes
Joel Wertzberger is founder of Joyland Group, which owns property, and Joyland Management, which manages real estate. An affiliate, BridgeCity Capital, originates loans. His holding company is Hamilton Eastman.
Person Activity past 24 months:
Buyer signatory: 5 for $89.8 million
Seller signatory: 4 for $164.7 million
Borrower signatory: 12 for $633.5 million
Developer (new building or major alteration): 2 for 0 square feet
Top Ten Associated Companies:
Sterling National Bank (2), Mount Sinai (2), Watermark Capital Group (2), Webster Bank (2), Levon Capital (2), Hanover Community Bank (1), Argentic Investment Management (1), Maxim Capital Group (1), G4 Capital Partners (1), Northeast Community Bank (1)
Top Ten Associated People:
Vincent Tammaro (2), Meir D. Tabak (2), Anthony Yelovich (1), Christina Chiu (1), Martin Davidson (1), Anna Gutteridge (1), Vincent J. Reilly (1), Justin McBride (1), Stephan Mazzacca (1), Charles Shafer (1)
Recent activity as signatory:
• Joyland Management sold None for $46 million to Empire State Realty Trust on March 27, 2026.
• Joyland Management borrowed $38 million from Safra National Bank for 319 East 17 Street on March 17, 2026.
• Joyland Management borrowed $27 million from Levon Capital for 258 West 35 Street on February 02, 2026.
• Cayre Equities sold 258 West 35 Street for $26.2 million to Joyland Management on February 02, 2026.
• Joyland Management borrowed $30 million from Levon Capital for 155 Broadway on January 21, 2026.
• Joyland Management ground leased 155 Broadway valued at $3.1 million to Watermark Capital Group on January 21, 2026.
• Madison Realty Capital sold 155 Broadway for $30 million to Joyland Management on January 21, 2026.
• Joyland Management, Meral Property Group and Loketch Group sold None for $105 million to Carlyle Group and Z+G Property Group on December 30, 2025.
• Allan Lebovits and Joyland Group borrowed $190 million from Corebridge Financial and Blackstone Group for 26 Boerum Street on November 07, 2025.
• Anthony Borruso ground leased 259 Douglass Street valued at $0 to Joyland Group on September 25, 2025.
Latest Stories:
• Empire State Realty Trust pays $46M to Joyland for retail in Williamsburg (April 06, 2026)
• Joyland Group, Allan Lebovits sign $190M refi with Corebridge in Williamsburg (November 19, 2025)
• Joyland Group signs contract for dev site in Gowanus, no DOB plans yet (September 30, 2025)
• Joel Wertzberger signs $33M refi for commercial building in Brownsville (August 06, 2025)
• Joyland Group pays $33.6M to Mount Sinai for conversions in Gramercy (January 07, 2025)
Court Records: