The Entities
Mountain Top Properties Inc. (OTC: MTPP) is a diversified real estate holding company that acquires, sells, and operates assets through its wholly owned subsidiaries and limited partnerships. The company specializes in property management, property technology (“PropTech”) and real estate redevelopment.
A wholly owned subsidiary of Mountain Top Properties, Inc (a publicly traded company on the OTC: MTPP) will be the Manager of the Mountain Top Capital Fund I, LLC. Mountain Top Realty will lever our experience, market conditions and industry relationships to capitalize on real estate projects as they arise.
Mountain Top Capital Fund I, LLC (the “Fund”), a New York limited liability company, has been recently organized by affiliates of Mountain Top Realty, Inc. (“MT Realty”), a wholly owned subsidiary of Mountain Top Properties, Inc (OTC:MTPP). MT Realty will lever our experience, market conditions and industry relationships to capitalize on real estate projects as they arise. This partnership will be focused on waterfront or water view properties in the Hamptons. The Hamptons market has historically remained strong over the years and continues to set new highs year over year.
About the builder.
The Fund has partnered with On Site Builder Construction Co Inc, which is managed by Joseph Kelley who, for over 40 years, continues to build the highest quality architecturally designed custom houses in this market varying in style from classic to ultra-modern in the Hamptons. Several houses he has built are showcased in books, magazines and featured across various forms of digital and social media. His assembled team of skilled subcontractors are among the finest skilled craftsmen in their various fields of expertise.
Mr. Kelley has built over 60 custom homes in this market and has the unique distinction of building the most expensive house sold in Sag Harbor in 2014, which sold for $31,750,000; the most expensive house in the Hamptons in 2019, which first sold for $27,500,000 in 2017 and later was renovated and re-traded for $39,250,000; and he was the original builder for the most expensive house sold in the Hamptons in 2022, which sold with the neighboring house for $118,500,000.
Mr. Kelley's portfolio of projects is valued at over $400,000,000. Although he has historically worked as a custom home builder, he would like to shift from providing a service, to now providing a finished product in this market.
Gallery of our work.
