Copper Tower Condominium
A 22-unit condominium located two minutes from the Bayside LIRR station.
We turn good ideas into solid assets
We are NY based and focused
We match experience, creativity, and entrepreneurial drive
About Bassaly Development
Bassaly Development is a 2nd generation, family owned and operated development company. Based in Queens, we have been developing property throughout New York City and Long Island for over 40 years.
Our focus is on acquiring and developing mid-high end residential condominiums, rental apartment buildings and small multifamily homes in primary locations throughout Queens and Brooklyn. With in-house expertise in zoning analysis, design and construction management experience, we take a vertically integrated approach to development.
The firm was founded by Djalil Bassaly, who started out his career as an architect and project manager in Iran. After completing several large developments for the government of Iran, he immigrated to the US in late 1970 to begin his career as a developer of homes in Queens. In 2012, he was joined by his son Andy Bassaly. Andy graduated from Boston University’s School of Management. Upon joining the business, Andy focused on developing mid-size multifamily buildings and high end townhomes. Together they have developed over 40 different projects including mid-rise residential buildings, custom homes, garden style row houses and medical/commercial facilities.
Properties
Park Avalon Condominium
22-unit condominium located in Flushing Queens. Across from Calwallader Colden Park.
Queens Regency Condominium
82-unit condominium located in Rego Park, Queens minutes from Rego Park Center Mall.
Parc Vue Condominium
16-unit condominium with 32 car underground garage located in the heart of Great Neck.
Great Neck Hill Townhomes
7-three story townhomes located in Great Neck. Homes included garages and finished basements.
Commerce House
Luxury Single Family Townhome located in the exclusive West Village Historic District of Manhattan.
Whitestone Townhomes
4-two family homes located in the heart of Whitestone, Queens. Each home includes garage and finished basement.
Union Street Townhomes
5-three family homes located in Flushing, Queens. Adjacent to the North Flushing Pool Club.
Roosevelt Plaza Condominium
13-unit boutique condominium located in Flushing, Queens. Five minutes from the 7 Train.
Our Strategy
Bassaly Development has an established strategy of identifying undervalued neighborhoods in the New York metropolitan area. We approach each deal with a comprehensive understanding of the neighborhood, the demographics and the demand for housing. Our vertically integrated approach to development coupled with our extensive experience enables us to analyze deals with speed and precision.
Our expertise in zoning and design allows us to identify only the most desirable sites for development. Each site goes through a rigorous market study and detailed financial analysis. Each deal is selected based on the potential to add value either through repositioning or ground up development. Built into each model is the measured downside risk that hedges against unforeseeable market adjustments.
Our success is rooted in intensive market selection, broad sourcing capabilities, comprehensive due diligence, detailed financial analysis, and timely property dispositions. Through this strategy, we have built a solid track record of financial success.