Lipa Engel
Owner
650 E 7th St Brooklyn, NY 11218
Lipa Engel NYC portfolio
$22.7 million -mixed-use 83%, office 16%; Manhattan 48%, Bronx 35%, Brooklyn 16%*
3299th largest portfolio by dollar value
25,225 sqft – mixed-use 52%, office 47%; Brooklyn 47%, Bronx 31%, Manhattan 21%
4583th largest by SF
3 properties – Manhattan 33%, Bronx 33%, Brooklyn 33%
2968th largest
29 residential units – Bronx 82%, Manhattan 17%
3278th largest by residential units
Person Activity past 24 months:
Buyer signatory: 2 for $7.9 million
Borrower signatory: 2 for $14.2 million
Developer (new building or major alteration): 11 for 106,802 square feet
Top Ten Associated Companies:
T30 Capital (1), Sugar Hill Capital Partners (1), AccoLend (1), Mufid Dawani (1), Arion Fund (1), Moin Development (1)
Top Ten Associated People:
Margaret Grossman (1), Mufid Dawani (1), Jeffrey Levitin (1), David Moinian (1)
Recent activity as signatory:
• Lipa Engel filed plans for major alteration for 32,727 sqft in Baychester, Bronx, on May 12, 2026.
• Lipa Engel borrowed $8.2 million from Arion Fund for 47 East 30 Street on September 18, 2025.
• Moin Development sold 47 East 30 Street for $4.1 million to Lipa Engel on September 18, 2025.
• Lipa Engel filed plans for new building for 35,562 sqft in Park Avenue South, Manhattan, on September 10, 2025.
• Lipa Engel borrowed $6 million from AccoLend for 490 East 157 Street on May 29, 2025.
• T30 Capital and Sugar Hill Capital Partners sold 1715 8 Avenue for $3.8 million to Lipa Engel on August 29, 2024.
• Lipa Engel filed plans for major alteration for 21,615 sqft in Longwood, Bronx, on July 25, 2024.
• Lipa Engel filed plans for major alteration for 11,578 sqft in South Slope, Brooklyn, on July 11, 2024.
• Mufid Dawani sold 490 East 157 Street for $2 million to Lipa Engel on March 11, 2024.
• Lipa Engel filed plans for major alteration for 13,987 sqft in Longwood, Bronx, on January 31, 2024.
Latest Stories:
• Lipa Engel pays $4.1M for bankrupt mixed-use in Park Avenue South (October 21, 2025)
• Lipa Engel pays $3.8M to Sugar Hill for 29-unit conversion in South Slope (September 20, 2024)