Matthew Ahdoot

President

United Developers

Owner

147-18 Hillside Ave Jamaica, NY 11435

LinkedIn

United Developers NYC portfolio

$40.3 million* – retail 40%, mixed-use 32%, development 15%; Queens 53%, Brooklyn 31%, Manhattan 7%

2165th largest portfolio by dollar value

48,035 sqft – retail 58%, mixed-use 26%, office 8%;

3008th largest by SF

20 properties – Queens 75%, Brooklyn 15%, Manhattan 5%

390th largest

18 residential units – Queens 77%, Brooklyn 22%

3438th largest by residential units

Person Activity past 24 months:

Buyer signatory: 3 for $9.5 million

Developer (new building or major alteration): 147 for 237,783 square feet

Top Ten Associated Companies:

Stefanie A. Juster (2), Rajive Maret (1), Xhelal Ahmetaj (1), Concern Logan Housing Development Fund (1), Salvatore M. Bruno (1), Eugene John Bleecker II (1), Hubert Lawton foreclosed (1), Brad Goodman (1), Michael Sgouros (1)

Top Ten Associated People:

Stefanie A. Juster (2), Rajive Maret (1), Xhelal Ahmetaj (1), Ralph Fasano (1), Salvatore M. Bruno AKA Robert Bruno (1), Camille C. Bruno (1), Eugene John Bleecker II (1), Michael D. Benjamin (1), Brad Goodman (1), Michael Sgouros (1)

Recent activity as signatory:

Michael Sgouros sold 1-92 Beach 116th Street, 186 Beach 116th Street, and 194 Beach 116th Street, Rockaway Park, Queens for $4.5 million to United Developers on April 22, 2024.

Stefanie A. Juster sold 94-01 63rd Drive, Rego Park, Queens for $2.5 million to United Developers on November 21, 2023.

Stefanie A. Juster sold 94-19 63rd Drive, Rego Park, Queens for $2.5 million to United Developers on November 21, 2023.

United Developers sold N/A Beach Channel Drive, Arverne, Queens for $5.6 million to Rajive Maret and Xhelal Ahmetaj on February 02, 2023.

• Hubert Lawton foreclosed sold 1344 Utica, East Flatbush, Brooklyn for $2 million to United Developers on August 29, 2022.

Brad Goodman sold N/A Beach Channel Drive and 59-14 Beach Channel Drive, Arverne, Queens for $4 million to United Developers on July 18, 2022.

• Salvatore M. Bruno sold 57 East Kingsbridge Rd, Fordham Manor, Bronx for $3.1 million to United Developers on September 10, 2021.

Eugene John Bleecker II sold 13-15 Beach Channel Drive, Far Rockaway, Queens for $2.3 million to United Developers on May 13, 2021.

United Developers sold 2602 Pitkin Avenue, East New York, Brooklyn for $4.4 million to Concern Logan Housing Development Fund on February 11, 2021.

*The Portfolio Value is a PincusCo estimate based on a property’s recent sale or loan, or multiplying the city’s Market Value by two.

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