Joseph Torres
(Jose Torres, Joseph I. Torres, Joseph I. Torres Jr., Jose I. Torres Jr., Jose I. Torres)
Owner
77 Box St Brooklyn, NY 11222
Joseph Torres NYC portfolio
$133.9 million -hotel 50%, elevator 18%, walkup 15%; Brooklyn 100%*
1244th largest portfolio by dollar value
341,198 sqft – hotel 41%, industrial 27%, walkup 16%; Brooklyn 100%
1095th largest by SF
7 properties – Brooklyn 100%
1442th largest
183 residential units – Brooklyn 100%
1214th largest by residential units
1 foreclosure, 88 bankruptcies, 1 other court case.
Person Activity past 24 months:
Borrower signatory: 3 for $66 million
Developer (new building or major alteration): 10 for 82,271 square feet
Top Ten Associated Companies:
Ellington Management Group (3), Metropolitan Commercial Bank (2), Sunlight Development Group (1), Xia Zhou (1), Morgan Stanley (1), Robert Cerrone (1), Edgewood Capital Advisors (1)
Top Ten Associated People:
Craig Zajac (2), Katherine Meagher (2), Joe Wenk (1), Linzhong Zhuo (1), Robert Cerrone (1), Ryan Connolly (1), Dennis Graham (1), Michael House (1)
Recent activity as signatory:
• Joseph Torres borrowed $10 million from Metropolitan Commercial Bank for 216 Franklin Street on August 28, 2025.
• Joseph Torres borrowed $15 million from Metropolitan Commercial Bank for 30 Grand Avenue on August 14, 2025.
• Joseph Torres and Simon Whitley borrowed $41 million from Morgan Stanley for 44 Ash Street on March 13, 2025.
• Joseph Torres filed plans for major alteration for 57,821 sqft in Greenpoint, Brooklyn, on November 12, 2024.
• Joseph Torres sold 38-26 32 Street for $6.6 million to Robert Cerrone on April 03, 2024.
• Joseph Torres borrowed $13.6 million from Ellington Management Group for 251 North Henry Street on August 15, 2023.
• Joseph Torres borrowed $16 million from Ellington Management Group for 111 Sutton Street on July 31, 2023.
• Joseph Torres sold 49 Ash Street for $18.8 million to Sunlight Development Group and Xia Zhou on July 21, 2023.
• Joseph Torres borrowed $8.8 million from Edgewood Capital Advisors for 216 Franklin Street on June 07, 2023.
• Joseph I. Torres Jr. borrowed $13.3 million from Ellington Management Group for 49 Ash Street on July 08, 2022.
Latest Stories:
• Joseph Torres signs $41M refi for hotel in Greenpoint (March 28, 2025)
• Robert Cerrone of Park Construction buys bankrupt LIC dev site for $6.6M (April 10, 2024)
• $18.5M bankruptcy filed for residential loft building in Dumbo (November 08, 2023)
• Sunlight Development Group pays $18.8M for industrial in Greenpoint (August 02, 2023)
• $18.5M pre-foreclosure on Dumbo mixed-use property (May 22, 2023)
Court Records: