Joseph Sutton
Director Of Acquisitions
Wharton Properties
(Wharton Residential Properties, Wharton Residential, Wharton Realty)
Owner
500 5th Ave 54th floor, New York, NY 10110
Wharton Properties NYC portfolio
$3 billion -office 52%, retail 31%, mixed-use 6%; Manhattan 85%, Brooklyn 10%, Queens 2%*
68th largest portfolio by dollar value
3,465,614 sqft – office 61%, retail 18%, condo 8%; Manhattan 85%, Brooklyn 9%, Bronx 1%
125th largest by SF
99 properties – Manhattan 36%, Brooklyn 36%, Queens 13%
65th largest
220 residential units – Manhattan 62%, Brooklyn 37%
1073th largest by residential units
8 foreclosures, 0 bankruptcies, 12 other court cases.
Notes
This is Jeff Sutton’s son.
Top Ten Associated Companies:
Creas Inc. (1), Prime Finance (1), Rudd Realty Management (1), Laub Realty (1)
Top Ten Associated People:
Jeffrey A. Lehman (1), Frederick J. Rudd (1), Michael E. Laub (1)
Recent activity as signatory:
• Wharton Properties borrowed $15.8 million from Prime Finance for 92 Bedford Street on January 18, 2024.
• Rudd Realty Management sold 92 Bedford Street for $18.2 million to Wharton Properties on January 18, 2024.
• Wharton Properties sold 117 North 4 Street for $9.8 million to Creas Inc. on September 13, 2023.
• Laub Realty sold 16 Bedford Street for $13.5 million to Wharton Residential on August 29, 2023.
Latest Stories:
• Wharton Properties signs $6.1M loan for 8-unit walkup in Williamsburg (May 23, 2023)
• Merrimaker Corporation obtained financing of $5M from JPMorgan Chase Bank (July 30, 2019)
Court Records:
