Joseph Simone

Simone Development Companies

Owner

Lender

1250 Waters Place Bronx, NY 10461

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Simone Development Companies|Joseph Simone NYC portfolio

$765.4 million -condo 55%, industrial 20%, office 18%; Bronx 92%, Manhattan 5%, Queens 2%*

359th largest portfolio by dollar value

2,943,668 sqft – condo 48%, industrial 28%, office 18%; Bronx 97%, Manhattan 1%, Queens 1%

179th largest by SF

38 properties – Bronx 73%, Queens 19%, Manhattan 7%

294th largest

Person Activity past 24 months:

Buyer signatory: 1 for $3.5 million

Borrower signatory: 5 for $207 million

Developer (new building or major alteration): 24 for 431,857 square feet

Top Ten Associated People:

Grace Sabino (2), Thomas Santucci (1), Michael Donnelly (1), Timothy Florio (1), Michael Razman (1), Joseph Simone (1), Evan Petracca (1), Anthony Mormille (1), William J. Dunkel (1), Joseph Giamartino (1)

Recent activity as signatory:

• Simone Development Companies borrowed $6 million from TD Bank for None on July 23, 2026.

• Joseph Simone filed plans for major alteration for 63,003 sqft in Pelham Bay, Bronx, on June 23, 2026.

• Simone Development Companies borrowed $11 million from Webster Bank for None on May 28, 2026.

• Clinco Properties sold None for $3.5 million to Simone Development Companies on May 28, 2026.

• Joseph Simone filed plans for major alteration for 361,354 sqft in Pelham Bay, Bronx, on March 17, 2026.

• Simone Development Companies borrowed $17 million from Webster Bank for 2400 Ellis Avenue on December 18, 2025.

• Simone Development Companies borrowed $88 million from ConnectOne Bank for 250 Marconi Street on October 08, 2025.

• Simone Development Companies borrowed $85 million from Union Labor Life Insurance Company for 1250 Waters Place, Pelham Bay, Bronx on September 27, 2024.

• Simone Development Companies borrowed $9.6 million from Webster Bank for 137 Westchester Avenue on February 29, 2024.

• Simone Development Companies borrowed $10.4 million from Orange Bank & Trust Company for 1716 Eastchester Road on December 27, 2023.

Latest Stories:

• Simone Development signs $88M refi with ConnectOne for office in Pelham Bay (October 24, 2025)

• Simone Development signs $9.6M refi for office in Westchester Square (March 20, 2024)

• Simone Development pays $12M to Madison International Realty for ground leased properties in Pelham Bay (October 13, 2023)

• Stagg Group signs $27.9M construction loan with Webster Bank for 48-unit project in Riverdale (October 25, 2022)

• Simone Development signs $77M refi with Union Labor for Montefiore building in Pelham Bay (May 18, 2022)

• Simone Development pays $11.2M to LCOR for office condo in Murray Hill (April 12, 2022)

• Stagg Group pays $6M to Simone Development for dev site in Riverdale (February 14, 2022)

• Simone Development signs $108M refi with Bank of America for building in Pelham Bay (February 09, 2022)

• Simone Development pays $32M to Triangle Equities for four buildings in Mott Haven (February 08, 2022)

• Triangle Equities refis $17.3M with Signature Bank for property in Morrisania (November 06, 2020)

Properties:

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