Joseph I. Jemal
Principal
Jemstone Group
(JJ Operating)
358 5th Ave, Suite 704. New York, NY, 10001
Jemstone Group NYC portfolio
$433.3 million -retail 73%, mixed-use 14%, office 11%; Manhattan 43%, Bronx 33%, Brooklyn 20%*
505th largest portfolio by dollar value
917,933 sqft – retail 35%, office 33%, mixed-use 31%; Bronx 50%, Brooklyn 39%, Manhattan 5%
520th largest by SF
16 properties – Manhattan 37%, Brooklyn 37%, Bronx 18%
623th largest
216 residential units – Manhattan 93%, Brooklyn 6%
1093th largest by residential units
1 foreclosure, 0 bankruptcies, 2 other court cases.
Person Activity past 24 months:
Seller signatory: 1 for $2 million
Top Ten Associated Companies:
Signature Bank (2), Silvershore Properties (1), Uzi Shvut (1)
Top Ten Associated People:
Jay Levinton (1), Kenneth A. Stagnari (1), Uzi Shvut (1)
Recent activity as signatory:
• Jemstone Group sold 2946 3 Avenue for $2 million to Uzi Shvut on December 09, 2025.
• Jemstone Group borrowed $12 million from Signature Bank for 2053 Jerome Avenue on April 11, 2022.
• Silvershore Properties sold 153 Noll Street for $2.1 million to Jemstone Group on December 17, 2021.
• Jemstone Group borrowed $10.5 million from Signature Bank for 45-12 47 Street on September 13, 2021.
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