Sanford Loewentheil
Chairman & Co-Founder
L+M Development Partners
(L&M Development Partners)
Owner
1865 Palmer Avenue, Floor 2 Larchmont, NY 10538
2 Park Avenue, Floor 23 New York, NY 10016
L+M Development Partners NYC portfolio
$7.4 billion -elevator 53%, condo 14%, development 13%; Manhattan 47%, Brooklyn 24%, Bronx 12%*
38th largest portfolio by dollar value
23,523,868 sqft – elevator 71%, walkup 11%, condo 10%; Manhattan 39%, Brooklyn 38%, Bronx 13%
19th largest by SF
267 properties – Manhattan 51%, Brooklyn 35%, Bronx 9%
15th largest
24,922 residential units – Manhattan 40%, Brooklyn 39%, Bronx 9%
8th largest by residential units
0 foreclosures, 0 bankruptcies, 2 other court cases.
Person Activity past 24 months:
Borrower signatory: 1 for $4.2 million
Top Ten Associated Companies:
M.Y. Safra Bank (1), Camber Property Group (1)
Top Ten Associated People:
Bradley E. Rock Jr. (1), Rick Gropper (1)
Recent activity as signatory:
• L+M Development Partners borrowed $4.2 million from M.Y. Safra Bank for 1787 Madison Avenue, East Harlem, Manhattan on April 07, 2025.
• Sanford Loewentheil, Claire Sathe and Ommeed Sathe sold 479 Lenox Avenue for $7.4 million to Camber Property Group on September 26, 2023.
Latest Stories:
• L+M signs $4.2M refi with M.Y. Safra Bank for retail in East Harlem (May 01, 2025)