Kel Lumaj
Atlantis Development
1602 Hering Avenue Bronx NY 10461
2068 Tenbroeck Ave Bronx, NY 10461
1933 Pilgrim Ave Bronx, NY 10461
Atlantis Development NYC portfolio
$85 million -development 86%, industrial 11%, V0 1%; Bronx 97%, Queens 2%*
1673th largest portfolio by dollar value
12,070 sqft – industrial 100%; Bronx 79%, Queens 20%
5895th largest by SF
10 properties – Bronx 70%, Queens 30%
1074th largest
162 residential units – Bronx 100%
1341th largest by residential units
Person Activity past 24 months:
Buyer signatory: 1 for $3.9 million
Borrower signatory: 1 for $22.8 million
Top Ten Associated Companies:
Children’s Aid (1), NorthEast Community Bank (1)
Top Ten Associated People:
Phoebe Boyer (1), Raymond L. Francis (1)
Recent activity as signatory:
• Atlantis Development borrowed $22.8 million from NorthEast Community Bank for 1916 Longfellow Avenue on March 24, 2026.
• Children’s Aid sold 1222 Southern Boulevard for $3.9 million to Atlantis Development on October 27, 2025.