Patricia Dunphy

Senior Vice President

Rockrose Development

Developer, Owner

15 East 26th St 7th floor New York, NY 10010

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Rockrose Development NYC portfolio

$4.6 billion* – elevator 58%, office 10%, development 10%; Manhattan 40%, Queens 37%, Brooklyn 22%

31th largest portfolio by dollar value

7,272,505 sqft – elevator 64%, D4 12%, office 9%;

33th largest by SF

36 properties – Brooklyn 60%, Queens 23%, Manhattan 16%

258th largest

7,525 residential units – Queens 43%, Manhattan 33%, Brooklyn 22%

18th largest by residential units

0 foreclosures, 0 bankruptcies, 2 other court cases.

Person Activity past 24 months:

Buyer signatory: 2 for $68 million

Developer (new building or major alteration): 20 for 139,778 square feet

Top Ten Associated Companies:

Teamsters Local 807 (3), Stephen Sun (1), Thomas Sun (1), Heatherwood Luxury Rentals (1), Tony Greenberg (1), Madison Realty Capital (1)

Top Ten Associated People:

Demos P. Demopoulos (2), Scott Little (2), Stephen Sun (1), Thomas Sun (1), Douglas S. Patrick (1), Tony Greenberg (1), Urian Yap (1), Anthony Storz (1)

Recent activity as signatory:

Madison Realty Capital sold 67-105 Pacific Street, Cobble Hill, Brooklyn for $65 million to Rockrose Development on August 16, 2024.

Tony Greenberg sold 193 Joralemon Street, Brooklyn Heights, Brooklyn for $3 million to Rockrose Development on May 29, 2024.

Teamsters Local 807 sold 32-49 49th Street, Woodside, Queens for $5.1 million to Rockrose Development on February 01, 2023.

Teamsters Local 807 sold 49-16 Newtown Road and 49-02 Newtown Road, Woodside, Queens for $6.8 million to Rockrose Development on January 20, 2023.

Teamsters Local 807 sold N/A 50th Street and 32-43 49th Street, Woodside, Queens for $10.1 million to Rockrose Development on February 01, 2023.

• Stephen Sun and Thomas Sun sold 100 Dekalb Avenue, Fort Greene, Brooklyn for $3.8 million to Rockrose Development on January 31, 2023.

Heatherwood Luxury Rentals sold 43-12 Queens Street and 43-14 Queens Street, Long Island City, Queens for $13 million to Rockrose Development on November 18, 2020.

Latest Stories:

• Rockrose pays $65M to Madison Realty for dev site in Cobble Hill (September 03, 2024)

• Rockrose signs $105M construction loan for nearly complete 301-unit project in LIC (August 27, 2024)

• Rockrose pays $3M for retail in Brooklyn Heights adjacent to its St. Francis project (June 06, 2024)

• Rockrose pays $3.8M to add small parcel to large Fort Greene dev site (February 13, 2023)

• Rockrose pays $22M to Teamsters for Astoria dev site (February 13, 2023)

• Madison Realty acquires two Fortis dev sites valued at $145M, Madison’s 3rd borrower turnover in month (November 21, 2022)

• Rockrose files plans for 301-unit mixed-use building at newly purchased LIC site (December 16, 2020)

• Rockrose pays $13M to Heatherwood for LIC industrial buildings (December 03, 2020)

• Tony Greenberg pays $7M to Jimmy Yee and Mathieu Goldenberg for property in Brooklyn Heights (September 20, 2019)

*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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