Lipa Engel
Owner
650 E 7th St Brooklyn, NY 11218
Lipa Engel NYC portfolio
$38.8 million -mixed-use 48%, retail 41%, office 9%; Bronx 61%, Manhattan 28%, Brooklyn 9%*
2578th largest portfolio by dollar value
28,564 sqft – mixed-use 46%, office 42%, retail 11%; Brooklyn 42%, Bronx 39%, Manhattan 18%
4442th largest by SF
4 properties – Bronx 50%, Manhattan 25%, Brooklyn 25%
2356th largest
29 residential units – Bronx 82%, Manhattan 17%
3329th largest by residential units
Person Activity past 24 months:
Buyer signatory: 3 for $12.1 million
Borrower signatory: 3 for $26.3 million
Developer (new building or major alteration): 11 for 104,436 square feet
Top Ten Associated Companies:
AccoLend (2), T30 Capital (1), Sugar Hill Capital Partners (1), Andrew Weber (1), Moin Development (1), Mufid Dawani (1), Arion Fund (1)
Top Ten Associated People:
Margaret Grossman (1), Andrew Weber (1), David Moinian (1), Mufid Dawani (1), Jeffrey Levitin (1)
Recent activity as signatory:
• Andrew Weber sold 3490 Boston Road for $4.2 million to Lipa Engel on June 15, 2026.
• Lipa Engel borrowed $12.1 million from AccoLend for 3490 Boston Road on June 15, 2026.
• Lipa Engel filed plans for major alteration for 32,727 sqft in Baychester, Bronx, on May 12, 2026.
• Moin Development sold 47 East 30 Street for $4.1 million to Lipa Engel on September 18, 2025.
• Lipa Engel borrowed $8.2 million from Arion Fund for 47 East 30 Street 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.
Latest Stories:
• Lipa Engel pays $4.2M for dev site in Baychester, borrows $12.1M (June 26, 2026)
• 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)