Ryan Bathie

Innovo Property Group

1350 6th Ave 17th floor, New York, NY 10019

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Innovo Property Group NYC portfolio

$1.5 billion* – development 42.0%, condo 34.0%; Queens 78.0%, Bronx 21.0%

115th largest portfolio by dollar value

1,050,462 sqft – condo 62%, industrial 37%;

325th largest by SF

13 properties – Queens 69%, Bronx 30%

640th largest

Top Ten Associated People:

Simon B. Burce (1), Samuel Sutton (1), Farid Maluf (1), Steve Towle (1), James N. Clewlow (1), Michael Tortorici (1), John Pantanelli (1), Steven J. Borenstein (1), Paul D. McKinnell (1)

Recent activity as signatory:

Innovo Property Group borrowed $27 million from PCCP for 1100 Leggett Avenue, Hunts Point, Bronx on August 03, 2022.

Innovo Property Group, Nan Fung Group and Atalaya Capital Management borrowed $304.6 million from JPMorgan Chase for 23-30 Borden Avenue, Long Island City, Queens on August 02, 2022.

Metro Office Furniture Rental sold 1100 Leggett Avenue, Hunts Point, Bronx for $21.5 million to Innovo Property Group on July 26, 2022.

Paul D. McKinnell sold 21-32 Borden Avenue, Long Island City, Queens for $11 million to Innovo Property Group on July 22, 2022.

Innovo Property Group borrowed $28.6 million from Starwood Property Trust for 28-90 Review Avenue, Long Island City, Queens on March 24, 2022.

Innovo Property Group sold 511 Barry Street, Hunts Point, Bronx for $119 million to CenterPoint Properties on September 07, 2021.

Innovo Property Group borrowed $110.2 million from Cerberus Capital Management for 1110 Oak Point Avenue and N/A Tiffany Street, Hunts Point, Bronx on June 15, 2021.

Vornado Realty Trust sold N/A Tiffany Street, Hunts Point, Bronx for $10 million to Innovo Property Group on June 15, 2021.

John Pantanelli sold 21-32 Borden Avenue, 23-30 Borden Avenue, and 25-20 Borden Avenue, Long Island City, Queens for $18.6 million to Innovo Property Group on March 12, 2021.

Nan Fung Group borrowed $93 million from Starwood Capital Group for 23-30 Borden Avenue, Long Island City, Queens on March 12, 2021.

Latest Stories:

• Innovo signs $169M construction loan for LIC logistics (February 19, 2025)

• Innovo pays $6.2M for LIC industrial, in contract since 2020 (December 26, 2024)

• Innovo Property signs $43M refi for 350K storage project in LIC (June 08, 2023)

• Innovo Property Group signs $27M acquisition loan with PCCP for industrial in Hunts Point (August 04, 2022)

• Innovo, Nan Fung Group, sign $304.6M construction loan with JPMorgan Chase for 680K LIC warehouse (August 03, 2022)

• Innovo Property Group pays $21.5M for industrial in Hunts Point (July 27, 2022)

• Innovo pays $11M for industrial in Long Island City, adjacent to large Innovo project (July 25, 2022)

• CenterPoint pays $119M to Innovo Property Group for warehouse in Hunts Point (September 08, 2021)

• Pimco acquires interest from Innovo Property Group valued at $13.2M for LIC development (August 16, 2021)

• Innovo Property pays $102.5M to Pearl Realty, Vornado for Hunts Point industrial (June 16, 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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