2013Founding
Hamilton Eastman is founded
Co-founders Joel Wertzberger and Jack Wolcowitz launch Hamilton Eastman, the Brooklyn holding company behind Joyland Group.
Track Record
A record built
block by block.
Since 2013, Joyland Group and Hamilton Eastman have acquired, built, converted and realized assets across New York City, executing with banks and institutional lenders at every stage.
$1.4BAssets under management
3,000+Units across New York City
11Ground-up developments completed
500,000+Square feet developed
13 years of acquisitions, ground-up development, conversions and realizations across Brooklyn, Manhattan, Queens, the Bronx and Staten Island.
Before & after
What we build
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Lorimer House
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133 Kent Avenue
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The Wave
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313-321 East 17th Street
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Milestones
2013 to today
2013
May 2013Acquisition
First acquisitions
530 Midwood Street, 292 Bedford Avenue and 21 Carlton Avenue join the portfolio.
2014
Sep – Nov 2014Acquisition
Bushwick, Sunset Park and Williamsburg
396 Cornelia Street (September), 5111 4th Avenue (October) and 277-279 Bedford Avenue (November) are acquired.
396 Cornelia Street →5111 4th Avenue →277-279 Bedford Avenue →
2015
January 2015Acquisition
2233 Nostrand Avenue
A 26,000 SF retail and office building in Flatbush is acquired.
September 2015Acquisition · Filing
824 East New York Avenue
The site is acquired and a new-building application is filed for a seven-story residential building.
Late 2015Acquisition
Pathmark lease in Gowanus
In a joint venture, Joyland wins the A&P bankruptcy auction for the former Pathmark supermarket lease at 1-37 12th Street.
2016
2016Acquisition
570 Nostrand, 84 14th Street, 635 Rockaway
570 Nostrand Avenue (January), 84 14th Street (May) and 635 Rockaway Avenue (July) are acquired.
October 2016Acquisition
Former Pathmark site purchased
Having won the lease, Joyland and its joint-venture partner eventually purchase the roughly 4.6-acre former Pathmark site at 1-37 12th Street in Gowanus, building and parking lot included.
2017
November 2017Filing
Two new buildings filed
New-building plans are filed for 570 Nostrand Avenue (six stories, 25 residences) and 380 Grove Street (39 residences).
2018
2018Completion
824 East New York Avenue completed
The seven-story building delivers 94 residences over ground-floor commercial space.
May 2018Sale
Former Pathmark site sold
Joyland later sells the former Pathmark site at 1-37 12th Street in Gowanus, which it purchased in October 2016.
2019
2019Completion
570 Nostrand and 380 Grove completed
Two mixed-use buildings with a combined 64 residences are completed; 380 Grove Street is developed on a long-term ground lease.
December 2019Acquisition
Olmsted Park site and Quincy Street
The future Olmsted Park site and the Quincy Street buildings are acquired.
2020
April 2020Leasing
1910 Arthur Avenue becomes a school
The entire nine-story, 65,000 SF building in the Bronx is placed with Zeta Charter Schools under a 49-year leasehold condominium for a new school.
August 2020Acquisition
416 Metropolitan Avenue
The Williamsburg corner site at Metropolitan and Marcy Avenues, then a one-story bank and parking lot, is acquired for new development.
2020Completion
26 Quincy and 38 Stratford completed
43 residences at 26 Quincy Street and 14 at 38 Stratford Road are delivered.
2021
April 2021Acquisition
1010 Bedford Avenue
A seven-story through-block building between Bedford Avenue and Skillman Street is acquired.
2022
January 2022Acquisition · Construction
Lorimer House block acquired
The Williamsburg block is acquired and cleared; construction is under way the same year.
January 2022Construction
Olmsted Park demolition begins
Demolition of the former building begins, clearing the way for 128 new residences.
May 2022Acquisition
The Wave assemblage
The Metropolitan Avenue assemblage closes following the 2021 rezoning.
2023
2023Completion
Lorimer House and Olmsted Park completed
Lorimer House delivers 270 rental residences in Williamsburg; Olmsted Park receives its certificate of occupancy with 128 residences.
January – July 2023Completion · Sale
416 Metropolitan Avenue delivered and sold
The eight-story building delivers 123 rental residences, 37 of them affordable, is fully leased within three months and is sold in July.
2023Acquisition
Gowanus, SoHo and North Williamsburg
15-19 Wythe Avenue (April), 125 3rd Street in Gowanus with partners (September) and 355 West Broadway in SoHo (November) are acquired.
2024
2024Completion
Copper Lofts and The Wave completed
Copper Lofts (66 residences) and The Wave (136 rental residences, nine stories) are completed in Williamsburg.
November 2024Acquisition · Construction
133 Kent Avenue
The Williamsburg site is acquired in a joint venture and construction of The Sixth begins immediately.
December 2024Financing
Construction financing secured
Construction financing is secured for The Sixth at 133 Kent Avenue.
December 2024Acquisition
313 East 17th Street
A former Manhattan hospital building is acquired for conversion to residential.
2025
May 2025Acquisition
229 West 36th Street
A 1921 Garment District loft building is acquired for residential conversion.
2026
January 2026Acquisition · Sales
159 Broadway acquired; The Sixth launches sales
The long-stalled Williamsburg bridgehead site is acquired, and condominium sales launch at The Sixth.
February 2026Acquisition · Conversion
254 West 35th Street; 313 East 17th leasing
254 West 35th Street is acquired, and leasing begins at the converted 313 East 17th Street: 87 residences, 22 of them affordable.
April 2026Sale
The Sixth commercial condominium sold
The ground-floor commercial condominium at 133 Kent Avenue is sold separately.
July 2026Conversion · Approval
254 West 35th Street permitted
The office-to-residential conversion is permitted for 166 residences.
September 2026Conversion · Filing
229 West 36th Street plans filed
Full-building conversion plans are filed for 177 residences, following a 12th-floor permit earlier in the year.
October 2026Approval
159 Broadway approved
The City approves a new 12-story building with 99 rental residences, community-facility and ground-floor commercial space.
Today
Realized
Realized investments
Bushwick, Brooklyn · Acquired 2014
396 Cornelia Street
- What we did
- A two-story, two-family Bushwick house.
- Outcome
- Enlarged to four stories with six residences, then sold.
21 Carlton Avenue
Fort Greene, Brooklyn · Acquired 2013
21 Carlton Avenue
- What we did
- A three-story Fort Greene townhouse from around 1910.
- Outcome
- Held as a three-family residence and since realized.
277-279 Bedford Avenue
Williamsburg, Brooklyn · Acquired 2014
277-279 Bedford Avenue
- What we did
- A retail property on Williamsburg's Bedford Avenue commercial strip.
- Outcome
- Held as a retail investment and since realized.
Charleston, Staten Island
South Shore Commons
- What we did
- An open-air shopping center at the foot of the Outerbridge Crossing, Staten Island.
- Outcome
- Held as a 101,398 SF retail center on a 6.2-acre site and since realized.
Gowanus, Brooklyn · Acquired 2023
125 3rd Street
- What we did
- A Gowanus development site, acquired with partners after the 2021 rezoning.
- Outcome
- Site of a 14-story residential building with roughly 130 homes; since realized.
SoHo, Manhattan · Acquired 2023
355 West Broadway
- What we did
- A five-story office building in the SoHo-Cast Iron Historic District.
- Outcome
- Held as an office investment and since realized.
Work with us
Partnering with lenders,
investors and owners.
We welcome conversations with banks, capital partners, brokers and property owners.
Get in touch718.360.877384 14th Street, Brooklyn, NY 11215