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
$3.4 billion* – office 53.0%, retail 32.0%; Manhattan 85.0%, Brooklyn 10.0%
50th largest portfolio by dollar value
3,598,588 sqft – office 62%, retail 18%;
77th largest by SF
100 properties – Brooklyn 37%, Manhattan 35%
82th largest
215 residential units – Manhattan 63%, Brooklyn 36%
840th largest by residential units
5 foreclosures, 0 bankruptcies, 4 other court cases.
Notes
This is Jeff Sutton’s son.
Person Activity past 24 months:
Buyer signatory: 2 for $31.8 million
Seller signatory: 1 for $9.8 million
Borrower signatory: 1 for $15.8 million
Top Ten Associated Companies:
Rudd Realty Management (1), Laub Realty (1), Creas Inc. (1), Prime Finance (1)
Top Ten Associated People:
Frederick J. Rudd (1), Michael E. Laub (1), Jeffrey A. Lehman (1)
Recent activity as signatory:
• Wharton Properties borrowed $15.8 million from Prime Finance for 90 Bedford Street, West Village, Manhattan on February 09, 2024.
• Rudd Realty Management sold 90 Bedford St, West Village, Manhattan for $18.2 million to Wharton Properties on February 09, 2024.
• Wharton Properties sold 117 North 4th Street, Williamsburg, Brooklyn for $9.8 million to Creas Inc. on September 22, 2023.
• Laub Realty sold 14-16 Bedford Street, Greenwich Village, Manhattan for $13.5 million to Wharton Residential on September 01, 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: