Atlantic Development Group
Atlantic Development Group portfolio
$438.8 million – elevator 73.0%, condo 23.0%; Bronx 57.0%, Manhattan 40.0%
143th largest portfolio by dollar value
5,825,986 sqft – elevator 82.0%, condo 14.0%;
47th largest by SF
72 properties – Bronx 77%, Manhattan 20%
86th largest
5,572 residential units – Bronx 81.0%, Manhattan 18.0%
29th largest by residential units
0 foreclosures, 0 bankruptcies, 1 other court case.
Company Activity past 24 months:
Buyer company: 0 for $0
Seller company: 0 for $0
Borrower company: 3 for $94.6 million
Lender company: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
JLL (16), Signature Bank (9), Valley National Bank (4), NYC Housing Development Corporation (4), M&T Bank (4), New York City Housing Development Corporation (1), Boricua College (1), Daniel Frank (1), Doe Fund (1), New York City Housing Authority (1)
Top Ten Associated People:
Ruth Moreira (5), Kim Carson (1), Alyssa D. Berquam (1), Brian Tish (1), Richard Pogostin (1), Richard Cisternas (1), Ronald Guardin (1), Teresa Goerish (1), Glenn A. Opell (1)
Latest Stories:
• Shorewood, Spencer An pay $28.5M for dev site in Mott Haven (December 31, 2024)
• Nonprofit ACMH pays $7M to Peter Fine for dev site in Norwood (November 13, 2024)
• Peter Fine signs $44M refi loan with Customers Bank for school in Bedford Park (October 14, 2024)
• Maddd Equities pays $22.6M for 333-unit dev site in Morris Heights (September 17, 2024)
• Atlantic Development signs $38.6M construction loan for school in Bedford Park (March 07, 2023)
• Atlantic Development files plans for 333-unit rental in Morris Heights (January 23, 2023)
• Atlantic Development signs $30.4M construction loan with M&T Bank in Mt Eden (January 07, 2022)
• Peter Fine pays $21.2M for dev site in Mott Haven (December 10, 2021)
Litigation: