Mendel Berkowitz
Ceo
Borough Developers
Developer, Owner
199 Lee Ave #471 Brooklyn NY 11219
B. Contractors
Borough Developers NYC portfolio
$103.5 million* – V1 50.0%, retail 39.0%; Brooklyn 100.0%, Manhattan 0.0%
1153th largest portfolio by dollar value
102,650 sqft – V1 55%, development 31%;
1886th largest by SF
14 properties – Brooklyn 100%, Manhattan 0%
620th largest
40 residential units – Brooklyn 100%, Manhattan 0%
2401th largest by residential units
Person Activity past 24 months:
Buyer signatory: 3 for $25.8 million
Borrower signatory: 4 for $108.5 million
Developer (new building or major alteration): 12 for 154,682 square feet
Top Ten Associated Companies:
S3 Capital (3), Joseph Lentini (2), Slate Property Group (1), BridgeCity Capital (1)
Top Ten Associated People:
Joshua Crane (2), Joseph Lentini (2), David Schwartz (1), Louis Lebovits (1)
Recent activity as company:
• Mendel Berkowitz filed plans for new building for 13,653 sqft in Bedford Stuyvesant, Brooklyn, on July 31, 2024.
• Mendel Berkowitz, Solomon Reiner and Moshe Richard borrowed $17.5 million from S3 Capital for 101-107 South 6th Street and 109 South 6th Street, Williamsburg, Brooklyn on June 13, 2024.
• Borough Developers, Lineage Healthcare and Moshe Richard borrowed $8 million from S3 Capital for 101 South 6th Street and 109 South 6th Street, Williamsburg, Brooklyn on February 16, 2024.
• Joseph Lentini sold 101-107 South 6th Street, Williamsburg, Brooklyn for $10 million to Borough Developers, Lineage Healthcare and Moshe Richard on February 16, 2024.
• Joseph Lentini sold 109 South 6th Street, Williamsburg, Brooklyn for $3.8 million to Borough Developers, Lineage Healthcare and Moshe Richard on February 16, 2024.
• Borough Developers borrowed $39 million from S3 Capital for 155 South Elliott Place, Fort Greene, Brooklyn on January 11, 2024.
• Slate Property Group sold 155 South Elliott Place, Fort Greene, Brooklyn for $12 million to Borough Developers on January 08, 2024.
• Solomon Schwimmer borrowed $44 million from BridgeCity Capital for 524 Baltic Street, Gowanus, Brooklyn on December 04, 2023.
• Mendel Berkowitz filed plans for new building for 85,766 sqft in Fort Greene, Brooklyn, on November 29, 2023.
Latest Stories:
• Borough Developers pays $12M to Slate for 101-unit dev site in Fort Greene (January 09, 2024)
• Shimon Kleinman plans 29-unit mixed-use conversion in Williamsburg (December 21, 2023)
• Borough Developers plans 101-unit building in Fort Greene (December 02, 2023)
• Investor pays $13.9M for 96-unit conversion project in Gowanus (December 01, 2023)
• Yoel Zagelbaum entities borrow $104.4M against 7 properties in NYC (March 02, 2023)
• Slate pays $42.6M to Salvation Army in Fort Greene (October 10, 2022)
• Joel Wertzberger of Joyland Group files plans for a 242-unit hotel in Williamsburg (May 04, 2020)