Salvatore Lucchese

Owner

18-33 41st Street Astoria, New York 11105

$35.9 million* – mixed-use 63%, elevator 36%; Queens 100%, Manhattan 0%

2266th largest portfolio by dollar value

89,930 sqft – elevator 57%, mixed-use 42%;

2092th largest by SF

2 properties – Queens 100%, Manhattan 0%

3236th largest

72 residential units – Queens 100%, Manhattan 0%

1788th largest by residential units

Buyer signatory: 1 for $13.3 million

Borrower signatory: 4 for $42.3 million

Developer (new building or major alteration): 11 for 19,795 square feet

• The L Group borrowed $17 million from Ponce Bank for 26-50 Brooklyn Queens Expressway, Woodside, Queens on November 14, 2024.

• The L Group and Salvatore Lucchese borrowed $9 million from Citibank for 34-50 28th Street, Astoria, Queens on April 05, 2024.

• Keith Kurzner sold 34-50 28th Street, Astoria, Queens for $13.3 million to The L Group and Salvatore Lucchese on April 05, 2024.

• Salvatore Lucchese and Philip Loria borrowed $10.3 million from Ponce Bank for 26-50 Borough Place, Woodside, Queens on October 23, 2023.

• Salvatore Lucchese borrowed $6 million from Popular Bank for 30-15 33rd Street, Astoria, Queens on May 15, 2023.

• Philip Loria and Salvatore Lucchese borrowed $7 million from Ponce Bank for 18-39 41st Street, Ditmars Steinway, Queens on February 16, 2023.

• Sanford Petropoulos borrowed $6.1 million from East West Bank for 25-28 30th Drive, Astoria, Queens on April 20, 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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