Joel Wertzberger

Ceo

Joyland Group

84 14th street 4th Floor, Brooklyn, New York, 11215

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Joyland Group|Hamilton Eastman portfolio

$5.6 million* – development 80.0%, industrial 19.0%; Brooklyn 100.0%, Manhattan 0.0%

3606th largest portfolio by dollar value

71,781 sqft – O3 90%, industrial 9%;

2344th largest by SF

6 properties – Brooklyn 83%, Bronx 16%

1436th largest

402 residential units – Brooklyn 100%, Manhattan 0%

522th largest by residential units

Person Activity past 24 months:

Buyer signatory: 4 for $69.6 million

Seller signatory: 1 for $10.6 million

Borrower signatory: 4 for $259.5 million

Top Ten Associated People:

Vincent Tammaro (2), Daniel De Diego (1), Angeles Desantis (1), Gary Zimberg (1), Martin Davidson (1), Andrew Bradfield (1), Lily Guo (1), Lazar Muller (1), Meir D. Tabak (1)

Recent activity as company:

Joyland Group sold 313 East 17th Street and 321 East 17th Street, Gramercy, Manhattan for $10.6 million to Watermark Capital Group on January 16, 2025.

Joyland Group borrowed $27.5 million from G4 Capital Partners for 313-319 East 17th Street and 321 East 17th Street, Gramercy, Manhattan on January 06, 2025.

Mount Sinai sold 321 East 17th Street, Gramercy, Manhattan for $6 million to Joyland Group on January 06, 2025.

Mount Sinai sold 313-319 East 17th Street, Gramercy, Manhattan for $27.6 million to Joyland Group on January 06, 2025.

Joyland Group and Loketch Group borrowed $150 million from TPG Real Estate Partners for 28 Boerum Street, Williamsburg, Brooklyn on July 31, 2024.

Joyland Group borrowed $66 million from iCross Capital for 125 3rd Street, Gowanus, Brooklyn on March 05, 2024.

Joyland Group borrowed $16 million from Maxim Capital Group for 125 3rd Street, Gowanus, Brooklyn on September 27, 2023.

Orange Management sold 125 3rd Street, Gowanus, Brooklyn for $30.5 million to Joyland Group on September 27, 2023.

Gary Zimberg sold 15-19 Wythe Avenue, Williamsburg, Brooklyn for $5.5 million to Joyland Group on April 24, 2023.

Joel Wertzberger borrowed $6.8 million from BCB Community Bank for 38 Stratford Road, Flatbush, Brooklyn on November 29, 2022.

Latest Stories:

• Watermark as tenant signs $10.6M ground lease with Joyland for conversions in Gramercy (January 17, 2025)

• Joyland Group pays $33.6M to Mount Sinai for conversions in Gramercy (January 07, 2025)

• Borough Developers files plans for 96 units at Beth Israel buildings in Gramercy (December 30, 2024)

• Two Trees signs $75M refi with Wells Fargo for three dev sites in Williamsburg (November 14, 2024)

• Joyland, Loketch sign $150M refi with TPG for 270-unit project in Williamsburg (August 01, 2024)

• Joyland Group signs $66M construction loan with iCross Capital in Gowanus (March 06, 2024)

• Joyland Group pays $30.5M to Orange Management for dev site in Gowanus (September 28, 2023)

• Orange Management buys out partner at dev site in Gowanus through $21M transaction (September 14, 2023)

• Joyland Group pays $5.5M for possible development site in Williamsburg (April 25, 2023)

• Partnership dispute over Rotem Rosen’s $27.5M Gowanus parcel purchase offer (February 23, 2023)

Court Records:

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

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