John Usdan

Midwood Investment & Development|Midwood Investment & Development|EJS Group|Stratford Land Development Company NYC portfolio

$156.5 million* – elevator 65%, industrial 12%, retail 11%; Manhattan 76%, Brooklyn 23%

928th largest portfolio by dollar value

216,639 sqft – elevator 65%, retail 22%, industrial 8%;

1152th largest by SF

4 properties – Manhattan 50%, Brooklyn 50%

1775th largest

159 residential units – Manhattan 100%

1091th largest by residential units

0 foreclosures, 0 bankruptcies, 1 other court case.

Person Activity past 24 months:

Borrower signatory: 3 for $14 million

Developer (new building or major alteration): 16 for 142,204 square feet

Top Ten Associated Companies:

Valley National Bank (3), Hudson Companies (1), Dana Sasouness (1), BlackRock (1), MetLife (1), Woodmen of the World Life Insurance Society (1), BCG Holdings (1), Feil Organization (1), Renee J. James (1)

Top Ten Associated People:

Alfred Sorrentino, Jr. (2), Joseph Kohl-Rigges (1), Dana Sasouness (1), Debra Mistretta (1), Michael Hofheinz (1), Jeffrey J. Feil (1), Renee J. James (1)

Recent activity as signatory:

• Midwood Investment & Development borrowed $0 from Valley National Bank for 479 De Graw Street, Gowanus, Brooklyn on March 31, 2025.

• Midwood Investment & Development borrowed $0 from BCG Holdings for 210 Douglass Street, Gowanus, Brooklyn on November 22, 2024.

• Midwood Investment & Development borrowed $14 million from Woodmen of the World Life Insurance Society for 535 Morgan Avenue, East Williamsburg, Brooklyn on August 04, 2023.

• Midwood Investment & Development sold 150 East 78th Street, Lenox Hill, Manhattan for $17 million to Dana Sasouness on June 09, 2022.

• Midwood Investment & Development borrowed $11 million from Valley National Bank for 829 Madison Avenue, Lenox Hill, Manhattan on June 09, 2022.

• Midwood Investment & Development borrowed $63.5 million from MetLife for 56 7th Avenue, West Village, Manhattan on May 10, 2022.

• BlackRock sold 56 7th Avenue, West Village, Manhattan for $102 million to Midwood Investment & Development on May 10, 2022.

• Midwood Investment & Development and EJS Group sold 150 East 78th Street, Lenox Hill, Manhattan for $19.6 million to Renee J. James on April 28, 2022.

• Midwood Investment & Development borrowed $14.2 million from Valley National Bank for 210 Douglas Street, Gowanus, Brooklyn on February 09, 2022.

• John Usdan filed plans for new building for 319,664 sqft in Gowanus, Brooklyn, on December 01, 2021.