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Read Property Group

4706 18th Avenue
Brooklyn, NY 11204
(718) 972-7878
Website
[email protected]

Read Property Group is a Brooklyn-based real estate developer that was founded in 1993. Read Property has been a prolific builder in Brooklyn in recent years, and some of its gambles have turned into home runs. In 2014, it successfully flipped a Bushwick site it purchased for $6 million in a foreclosure auction into a $58 million luxury apartment building. The sale was considered a milestone for the up-and-coming Bushwick neighborhood and earned Read Property accolades for selling the property before a single unit had been leased. Read Property also has plans to develop the old Rheingold brewery into a 10-building apartment project, but has faced community backlash over the amount of affordable housing in the project plans. Read would gift some of the lots to a local housing nonprofit in 2015 and also sold off parcels of the project to other developers. Read has not been wedded to New York City: In 2014, it purchased the 120-unit Windsong Club Apartments in Naples, Florida, for $8.4 million.

  • Event Financing
  • Address 224 East 20th Street
  • Neighborhood Gramercy
  • Borough Manhattan
  • Price $ 380,000,000
notes
The partnership secured a $380 million loan to refinance Gramercy Square in Gramercy.
  • Event Sales
  • Address 670 Pacific Street
  • Neighborhood Prospect Heights
  • Borough Brooklyn
  • Square feet 83,828
  • Price $ 69,200,000
notes
The buyer acquired the 8-story building in Prospect Heights for $69.2 million.
  • Event Sales
  • Address 80-90 Maiden Lane
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 583,000
  • Price $ 54,000,000
  • Publication Date 10/01/2017
  • Event Date 09/06/2017
  • Party 1 Read Property Group
  • Party 2 Normandy Real Estate
notes
The real estate firm acquired a stake in the properties.
  • Event Sales
  • Address Bushwick Avenue
  • Neighborhood Bushwick
  • Borough Brooklyn
  • Price $ 53,000,000
  • Event Sales
  • Address 142 North 6th Street
  • Neighborhood Williamsburg
  • Borough Brooklyn
  • Price $ 38,000,000
Brooklyn, 11206
READ PROPERTY GROUP
...
Brooklyn, 11221
Read Property Group, NEXUS DEVELOPMENT
1209 Dekalb Avenue is a 120,252 square foot building in the Bushwick neighborhood...
Brooklyn, 11205
CLERMONT PARK ASSOCIATES LLC
65 Clermont Avenue is a 14,479 square foot property built in 2001 in...
Brooklyn, 11205
Read Property Group, VANDERBILIT MANSO MANISIONS
181 Clermont Avenue is a 111,804 square foot building in the Fort Greene...
Brooklyn, 11206
JTB 930 IV LLC
...
Brooklyn, 11217
Read Property Group, PACIFIC 670-674, LLC
670 Pacific Street is a 61,221 square foot building in the Prospect Heights...
Brooklyn, 11206
Read Property Group, JTB 930 VI LLC
...

06/01/2018
From left: Blackstone’s Jon Gray, the Spiral at Hudson Yards, Landesbank’s Rainer Neske and 5 Manhattan West New York City’s major real estate lenders have From left: Blackstone’s Jon Gray, the Spiral at Hudson Yards, Landesbank’s Rainer Neske and 5 Manhattan West New York City’s major real estate lenders have...
Brooklyn, 11206
READ PROPERTY GROUP
...
Brooklyn, 11217
Read Property Group, PACIFIC 670-674, LLC
670 Pacific Street is a 61,221 square foot building in the Prospect Heights...