Louis Greco

(Louis V. Greco Jr., Louis Greco Jr.)

Second Development Services

Developer, Owner

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Second Development Services NYC portfolio

$98.2 million* – condo 100.0%; Brooklyn 100.0%, Manhattan 0.0%

1204th largest portfolio by dollar value

89,142 sqft – condo 100%;

2087th largest by SF

2 properties – Brooklyn 100%, Manhattan 0%

3043th largest

51 residential units – Brooklyn 100%, Manhattan 0%

2151th largest by residential units

1 foreclosure, 0 bankruptcies, 1 other court case.

Person Activity past 24 months:

Developer (new building or major alteration): 7 for 63,450 square feet

Top Ten Associated Companies:

Fort Amsterdam Capital (1), Silver Point Capital (1), Self-Help Credit Union (1), Jay Schippers (1)

Top Ten Associated People:

Michael A. Gatto (1), Louis V. Greco Jr. (1)

Recent activity as signatory:

• Second Development Services borrowed $40 million from Silver Point Capital for 475 Washington Avenue, 475 Washington Avenue, 475 Washington Avenue, 475 Washington Avenue, 475 Washington Avenue, and others, Clinton Hill, Brooklyn on February 23, 2022.

• Barry Leon borrowed $39.9 million from Fort Amsterdam Capital for 475 Washington Avenue, Clinton Hill, Brooklyn on February 10, 2021.

• Louis V. Greco Jr. borrowed $16.6 million from Self-Help Credit Union for 156 17th Street, Sunset Park, Brooklyn on January 04, 2021.

• Louis V. Greco Jr. sold 156 17th Street, Sunset Park, Brooklyn for $6.7 million to Jay Schippers on July 14, 2020.

• Louis Greco Jr. filed plans for new building for 33,252 sqft in Greenwood Heights, Brooklyn, on October 19, 2017.

• Louis Greco filed plans for new building for 14,219 sqft in Columbia Waterfront, Brooklyn, on October 06, 2014.

• Louis Greco Jr. filed plans for new building for 92,553 sqft in Boerum Hill, Brooklyn, on September 23, 2014.

Latest Stories:

• Louis Greco Jr. puts $25M Columbia Street condo in bankruptcy (November 14, 2023)

• North Hill Capital, Arena Investors sell large corner dev site in Carroll Gardens for $5M (September 07, 2023)

• Lender North Hill Capital acquires foreclosed dev site in Carroll Gardens with $30.7M judgment (July 28, 2023)

• Louis Greco gets $40M condo inventory loan from Silver Point Capital in Clinton Hill (February 24, 2022)

• Barry Leon borrows $39.9M from Fort Amsterdam Capital for property in Clinton Hill (February 11, 2021)

• Jay Schippers pays $6.7M for manufacturing property in Sunset Park (July 15, 2020)

• Barry Leon borrows $39M from Urban Standard Capital for multifamily property in Clinton Hill (December 13, 2019)

• SDS COLCON OWNER LLC obtained financing of $7M from G4 18186, LLC (July 15, 2019)

Court Records:

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