Andrew Levison
(Andrew J. Levison)
Dermot Company
Owner
Dermot Company portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$1.2 billion – condo 61%, elevator 38%; Manhattan 72%, Brooklyn 22%
50th largest portfolio by dollar value
4,496,090 sqft – condo 57%, elevator 42%;
62th largest by SF
31 properties – Manhattan 51%, Brooklyn 38%
126th largest
4,450 residential units – Manhattan 63%, Brooklyn 28%
36th largest by residential units
0 foreclosures, 0 bankruptcies, 2 other court cases.
Person Activity past 24 months:
Buyer signatory: 2 for $460 million
Seller signatory: 0 for $0
Borrower signatory: 2 for $393 million
Lender signatory: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
Hampshire Properties (1), Signature Bank (1), BentallGreenOak (1), Capital One (1), PNC Bank (1), RAL Development Services (1), China Vanke (1), Forethought Life Insurance Company (1), DTH Capital (1), Eastbridge Group (1)
Top Ten Associated People:
Thomas Rosenthal (1), Gregory Fantauzzi (1), Robert B. Edwards (1), Prithvi Mohan (1), Benjamin H. Kepley (1), Robert A. Levine (1), Celine Comeau (1), Jason Beren (1), Russell Hubley (1)
Recent activity as signatory:
• Dermot Company borrowed $130 million from NYS Housing Finance Agencyand Mizuho Capital Markets for 29 Flatbush Avenue, 29 Flatbush Avenue, 29 Flatbush Avenue, and 29 Flatbush Avenue, None, Brooklyn on January 03, 2025.
• DTH Capitaland Eastbridge Groupand AG Real Estate sold 20 Exchange Place, 20 Exchange Place, and 20 Exchange Place, Financial District, Manhattan for $370 million to Dermot Company on August 19, 2024.
• Dermot Company borrowed $263 million from Forethought Life Insurance Company for 101 West End Avenue, Lincoln Square, Manhattan on August 08, 2023.
• RAL Development Servicesand China Vanke sold 15 Bridge Park Drive, Brooklyn Heights, Brooklyn for $90 million to Dermot Companyand Goldman Sachs on January 27, 2023.
• Dermot Company borrowed $57.6 million from PNC Bank for 250 East Houston Street and 250 East Houston Street, None, Manhattan on September 12, 2022.
• Dermot Company borrowed $92.5 million from Capital One for 236 Livingston Street, 236 Livingston Street, 236 Livingston Street, and 236 Livingston Street, Boerum Hill, Brooklyn on June 22, 2022.
• BentallGreenOak sold 236 Livingston Street, 236 Livingston Street, 236 Livingston Street, and 236 Livingston Street, Boerum Hill, Brooklyn for $142.3 million to Dermot Companyand USAA Real Estateand PGGM on June 22, 2022.
• Dermot Company borrowed $108 million from Signature Bank for 1277 East 14th Street, Midwood, Brooklyn on April 06, 2022.
• Hampshire Properties sold 1277 East 14th Street, Midwood, Brooklyn for $180 million to Dermot Company on April 06, 2022.