Vincent Parziale Net Worth: Transparent Estimate & Sources

Based on publicly available records, Vincent Parziale's estimated net worth falls in the range of $2 million to $8 million as of 2026, with a central estimate of approximately $4 million. That range reflects his long-running role as Chief Operating Officer of Gramercy Group, Inc., a New York-based demolition and environmental remediation firm, offset by the financial disruption of the company's 2019 Chapter 11 bankruptcy filing and subsequent reorganization. No verified personal financial disclosures exist for him, so this estimate is built from business revenue data, property tax records, and known corporate events.

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Vincent Parziale net worth estimated at $2M–$8M. COO of Gramercy Group Inc., a NY demolition firm. Research-backed breakdown with assets, liabilities, and data gaps.

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Who Is Vincent Parziale? Confirming the Right Person

This article covers Vincent Parziale, the Chief Operating Officer of Gramercy Group, Inc., a certified woman-owned demolition and environmental remediation company headquartered at 3000 Burns Avenue, Wantagh, New York 11793. He was born around 1974 (he was reported as age 32 in a May 2006 Long Island Business News profile). He and a business partner purchased Gramercy Group in 2000, and by 2006 the firm had grown into a $33.5 million enterprise. Following the company's 2019 bankruptcy and 2021 reorganization, Joanna Parziale (the company's President and CEO, almost certainly a family member) became the majority shareholder, while Vincent Parziale retained the COO role.

One important disambiguation: FINRA BrokerCheck records show a separate individual named Vincent Salvatore Parziale (CRD# 7899265), a registered investment adviser and broker with prior affiliations at Merrill Lynch. That person is a distinct public figure and is not the subject of this article. Readers researching the broker should consult BrokerCheck directly. The Wantagh, NY property tax record and all Gramercy Group business filings point exclusively to the COO covered here.

Career Timeline and Primary Income Sources

Vincent Parziale's career is documented primarily through Gramercy Group, Inc. The company was originally incorporated in New York on October 18, 1989 (NY DOS entity records), but Parziale entered the picture as a buyer in 2000. His career with the firm spans over 25 years, making Gramercy the single most important source of his professional identity and estimated income.

1. 2000: Parziale and a partner acquire Gramercy Group, Inc. At acquisition, the company was a small demolition contractor operating in the New York metropolitan area.
2. 2000–2006: Under Parziale's operational management, the company grows to $33.5 million in annual revenue, according to the 2006 Long Island Business News profile.
3. 2006–2019: Gramercy expands its public-works footprint, taking on major demolition and environmental remediation projects. Trade coverage references MTA and NYC public-works contracts, as well as commentary on stadium demolition work. The company builds a fleet of over 300 pieces of equipment.
4. 2016–2018: Gramercy Group is involved in a multi-million dollar construction and demolition dispute in Hawaii (Gramercy Group, Inc. v. D.A. Builders, LLC, D. Haw., Civ. No. 16-00114). Vincent Parziale provides deposition testimony. A March 2018 court order denies Gramercy's motions for partial summary judgment, contributing to the company's litigation exposure.
5. May 17, 2019: Gramercy Group, Inc. files for Chapter 11 bankruptcy protection in the Eastern District of New York (Case No. 19-73622). At filing, both assets and liabilities are each estimated in the $10 million–$50 million range.
6. August 2021: Gramercy emerges from Chapter 11. Post-reorganization, Joanna Parziale holds majority ownership and serves as President and CEO. The company claims a bonding capacity of $400 million following reorganization.
7. 2021–2026: Vincent Parziale continues as COO. The company is cited in Peapack-Gladstone Financial Corporation's 2025 Annual Report, confirming ongoing operations and access to commercial banking.

His primary income source is executive compensation from Gramercy Group. As COO of a construction and remediation firm with annual revenues that historically reached $33.5 million and a post-bankruptcy bonding capacity of $400 million, COO compensation at comparable private firms typically falls in the $200,000–$600,000 per year range, depending on company size, profitability, and ownership structure. Because Gramercy is a privately held company, no salary disclosures exist in public records.

Net Worth Estimate: Step-by-Step Breakdown

Estimating the net worth of a private-company executive without voluntary disclosure requires building up from known data points and then applying conservative assumptions. Here is how I arrived at the $2 million–$8 million range.

Step 1: Estimate Cumulative Earned Income

From 2000 to 2019 (pre-bankruptcy), Parziale was a co-owner and senior operator of a firm with revenues reaching $33.5 million by 2006. A conservative estimate of his annual compensation (salary plus distributions) during peak years would be $300,000–$500,000. Over a 19-year pre-bankruptcy period, cumulative gross earnings could plausibly total $5 million–$9 million, before taxes. Post-bankruptcy (2021–2026), as a COO with reduced ownership, compensation likely dropped to $200,000–$350,000 annually, adding roughly $1 million–$1.75 million over five years.

Step 2: Subtract Taxes and Personal Expenses

New York state and federal combined marginal income tax rates for high earners typically exceed 45%. Applying a blended effective rate of approximately 38% to cumulative earnings, and assuming standard personal living expenses for a Long Island professional household, leaves a post-tax, post-expense retained wealth of roughly $2 million–$5 million across the full career timeline.

Step 3: Account for the Bankruptcy and Litigation Events

The 2019 Chapter 11 filing is the most significant financial disruption in the public record. Public bankruptcy records show Gramercy Group, Inc. Federal dockets explicitly connect Gramercy’s litigation exposure in the D.A. Builders matter to the Chapter 11 reorganization (see Gramercy Grp., Inc. v. D.A. Builders, LLC, D. Haw. Order (Justia PDF)) blank" rel="noopener noreferrer">Gramercy Grp., Inc. v. D.A. Builders, LLC — D. Haw. Order (Justia PDF). filed Chapter 11 in the Eastern District of New York on May 17, 2019 (Bankr. E.D.N.Y. Case No. 19‑73622), listing estimated assets and liabilities between $10 million and $50 million at petition. With assets and liabilities each estimated between $10 million and $50 million at petition, the reorganization likely imposed material personal financial costs: legal fees, potential personal guarantees on business debt, and the dilution of ownership following Joanna Parziale becoming majority shareholder. This step warrants a downward adjustment. I estimate a net negative personal financial impact in the range of $500,000–$2 million, based on typical outcomes for owner-operators in construction-industry Chapter 11 cases. This is the most uncertain variable in the model.

Step 4: Known Assets

The Wantagh Union Free School District's July 2024 Preliminary Official Statement lists a residential property in the Wantagh district associated with Vincent Parziale at an assessed value of $30,797. In Nassau County, New York, residential assessed values typically represent a fraction of full market value. Applying a rough equalization ratio consistent with Nassau County assessments, the market value of this property is likely in the range of $600,000–$1 million. No additional real property holdings are documented in publicly available records.

Step 5: Business Equity

Following the bankruptcy reorganization, Joanna Parziale holds majority ownership of Gramercy Group. Vincent Parziale's current equity stake, if any, is not documented in public records. A minority stake in a post-bankruptcy private construction firm with $400 million bonding capacity could represent meaningful value, but this is entirely unverifiable without access to the reorganization plan documents. I assign this a value of $0–$1 million for conservative modeling purposes.

Known Assets, Liabilities, and Data Gaps

Transparency matters when the underlying data is limited. Here is what the public record actually confirms, what it suggests, and where the gaps are.

Financial Summary Table

The wide range in the high-estimate column reflects the genuine uncertainty around post-bankruptcy equity and any undisclosed personal assets. The central estimate of approximately $4 million is the figure I consider most defensible given current public information.

Uncertainty and Alternate Scenarios

Any net worth estimate for a private executive is sensitive to a handful of variables that are not publicly visible. The table below lays out three scenarios and what would have to be true for each one.

The single biggest swing factor is the bankruptcy. In construction-industry Chapter 11 cases, owner-operators sometimes emerge with their personal assets largely intact if business and personal finances were clearly separated. In other cases, personal guarantees on equipment leases, bonding lines, and bank credit facilities can substantially erode personal wealth. The public record does not confirm which outcome applies to Parziale. Until reorganization plan documents or personal financial disclosures become available, this uncertainty cannot be resolved.

A second swing factor is Gramercy's claimed $400 million bonding capacity. That figure reflects capacity to bond projects, not the company's actual equity or revenue, so it should not be read as a direct indicator of Parziale's personal wealth. Bonding capacity is granted by surety companies based on financial strength assessments, but those assessments are not public.

How Vincent Parziale Compares to Other Vincents

This site covers a wide range of public figures named Vincent, and it is worth placing Parziale in that context to give readers a sense of scale. He is a mid-market private-sector executive, not a celebrity or athlete, which means his estimated wealth is built through business ownership rather than public contracts, endorsements, or entertainment revenue.

The late horror film legend Vincent Price accumulated significant wealth through a decades-long Hollywood career and art dealership, with estimates placing his estate in the multi-million dollar range at the time of his death. NBA guard Gabe Vincent built his wealth through professional basketball contracts. Former NFL quarterback Vince Young reached substantial earnings through football, though his financial story also included well-documented setbacks. These figures have one thing in common with Parziale: significant wealth creation was paired with significant financial disruption at some point in their careers.

Vincent Summa and Vincent Pericard represent other Vincents on this site whose wealth is tied to more niche professional careers, similar in some ways to Parziale's profile as a regional-industry operator rather than a national celebrity. Vincent DeLie built his profile through regional banking leadership, which offers a useful structural parallel: like Parziale, his net worth is anchored in institutional relationships and private-sector compensation rather than public contracts or media visibility.

Suggested Images and Visuals

For editorial teams publishing this profile, the following visuals would improve reader orientation and search relevance.

• Headshot or professional photo: The Gramercy Group 'Our Team' page lists Vincent Parziale as COO and may include a company-provided headshot. This is the most accessible licensed image source. Verify usage rights with the company before publication.
• Gramercy Group company photo or project photo: Trade coverage of NYC/MTA demolition projects or the company's own news page includes project photography that can contextualize the scale of the business. These are suitable as supporting visuals.
• Wantagh UFSD Preliminary Official Statement screenshot: The July 2024 POS is a public document. A screenshot of the taxpayer table identifying Parziale provides direct visual evidence for the property record claim. Crop to the relevant row and cite the document.
• Net worth range chart: A simple bar or range chart showing the conservative, base, and optimistic scenarios ($1M–$2M, $3M–$5M, $6M–$10M) would help readers understand the uncertainty visually. This can be produced internally from the data in this article.
• Company timeline graphic: A horizontal timeline from 2000 (acquisition) through 2006 (revenue milestone), 2019 (bankruptcy), 2021 (emergence), and 2026 (current) would orient readers who are less familiar with the business history.

Related Profiles Worth Reading Next

If you arrived here researching Vincent Parziale and want to explore similar profiles on this site, the following pages cover other notable figures named Vincent with their own net worth breakdowns and career documentation. Vincent Price's profile offers a contrast in wealth scale and source, rooted in entertainment rather than construction. Gabe Vincent and Vincent Young both show how athletic careers create and sometimes erode significant wealth quickly. See the Vincent Young net worth profile for details on his earnings and financial history. For a comparison, see Gabe Vincent net worth for details on wealth built through an NBA career. For readers interested in business-world Vincents, the Vincent DeLie and Vincent Co profiles are useful comparisons to a regional executive whose financial profile is built over decades in private industry. Vincent Pericard and Vincent Summa round out the coverage for figures whose careers unfolded in more specialized professional niches. See also our profile on vincent pericard net worth for another example.