Joseph Sutton
Director Of Acquisitions
Wharton Properties
(Wharton Realty, Wharton Residential, Wharton Residential Properties)
Owner
500 5th Ave 54th floor, New York, NY 10110
Wharton Properties NYC portfolio
$3.1 billion -office 52%, retail 31%, mixed-use 6%; Manhattan 85%, Brooklyn 10%, Queens 2%*
66th largest portfolio by dollar value
3,465,660 sqft – office 61%, retail 18%, condo 8%; Manhattan 85%, Brooklyn 9%, Bronx 1%
125th largest by SF
99 properties – Manhattan 37%, Brooklyn 36%, Queens 13%
67th largest
226 residential units – Manhattan 63%, Brooklyn 36%
1074th largest by residential units
8 foreclosures, 0 bankruptcies, 12 other court cases.
Notes
This is Jeff Sutton’s son.
Person Activity past 24 months:
Buyer signatory: 1 for $14 million
Borrower signatory: 1 for $17 million
Top Ten Associated Companies:
Rudd Realty Management (1), Laub Realty (1), Fromme Realty (1), Creas Inc. (1), Prime Finance (1), Webster Bank (1)
Top Ten Associated People:
Frederick J. Rudd (1), Michael E. Laub (1), Douglas L. Fromme (1), Jeffrey A. Lehman (1), Adam Brenner (1)
Recent activity as signatory:
• Wharton Properties borrowed $17 million from Webster Bank for 74 Bedford Street on June 30, 2026.
• Fromme Realty sold None for $14 million to Wharton Properties on May 27, 2026.
• Rudd Realty Management sold 92 Bedford Street for $18.2 million to Wharton Properties on January 18, 2024.
• Wharton Properties borrowed $15.8 million from Prime Finance for 92 Bedford Street 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 $14M refi for 17-unit walkup in West Village (November 06, 2023)
• 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: