Steven Forkosh

Head Of Acquisition

Forkosh Development Group

(Forkosh Development)

400 Broome St 11th Fl New York, NY 10013

LinkedIn

Forkosh Development Group NYC portfolio

$67.1 million -walkup 38%, hotel 27%, condo 20%; Manhattan 68%, Brooklyn 31%*

2045th largest portfolio by dollar value

426,099 sqft – hotel 67%, D3 14%, condo 11%; Manhattan 84%, Brooklyn 15%

1014th largest by SF

9 properties – Manhattan 89%, Brooklyn 10%

1303th largest

324 residential units – Manhattan 93%, Brooklyn 6%

888th largest by residential units

Notes

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Person Activity past 24 months:

Seller signatory: 1 for $7.3 million

Developer (new building or major alteration): 7 for 15,496 square feet

Top Ten Associated Companies:

Bank of America (1), JPB Enterprises (1)

Top Ten Associated People:

Elisa De Jesus (1), Steven M. Bari (1)

Recent activity as signatory:

Forkosh Development sold 130 East 61 Street for $7.3 million to JPB Enterprises on October 09, 2025.

Forkosh Development borrowed $53 million from Bank of America for None on May 29, 2024.

Latest Stories:

• JPB Enterprises pays $7.3M to Forkosh Development for 9-unit walkup in Lenox Hill (October 17, 2025)

• Forkosh pays $12M for three walkups on 61st Street in Lenox Hill (May 15, 2023)

• Forkosh Development signs $55M rehab construction loan with PCCP for in Lenox Hill (July 11, 2022)

• Forkosh Development signs $26.5M loan with Madison Realty Capital for 14-unit elevator building in Lenox Hill (January 27, 2022)

• Alex Forkosh pays $35M to Carter Management for 14-unit building in Lenox Hill (January 20, 2022)

• Carter Management ups debt to $33M with Raith Capital for property in Lenox Hill (April 15, 2021)

• Carter Management acquires title to bankrupt Lenox Hill conversion for $51.4M (October 20, 2020)

• Carter Management borrows $30M from SKW Funding for property acquisition in Lenox Hill (October 20, 2020)

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