Fazeela Siddiqui
Settlement Housing Fund
Owner
Settlement Housing Fund portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$150.9 million – elevator 54%, walkup 17%; Bronx 53%, Queens 27%
374th largest portfolio by dollar value
2,685,413 sqft – elevator 58%, walkup 18%;
118th largest by SF
44 properties – Bronx 56%, Brooklyn 29%
113th largest
2,517 residential units – Bronx 55%, Queens 25%
76th largest by residential units
Person Activity past 24 months:
Buyer signatory: 1 for $18 million
Seller signatory: 0 for $0
Borrower signatory: 1 for $10.9 million
Lender signatory: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
Spencer Equity Group (2), Neighborhood Restore Housing Development Fund Corporation (2), TD Bank (1), K&R Preservation (1), Walker & Dunlop (1), Systima Capital Management (1), Community Preservation Corporation (1), Lewis Henkind (1), JPMorgan Chase (1)
Top Ten Associated People:
Joel Gluck (2), Salvatore D’Avola (2), Matthew Schatz (1), Brian Raddock (1), Nancy E. Sexton (1), Lewis Henkind (1)
Recent activity as signatory:
• Wavecrest Managementand Settlement Housing Fund borrowed $10.9 million from JPMorgan Chase for 1350 Bedford Avenue, Crown Heights, Brooklyn on March 01, 2023.
• Lewis Henkind sold 1350 Bedford Avenue, Crown Heights, Brooklyn for $18 million to Wavecrest Managementand Settlement Housing Fund on March 01, 2023.
• Gilbane Developmentand Settlement Housing Fund borrowed $74 million from Systima Capital Management for 280 East 161st Street, 1105 Jerome Avenue, 2363 Southern Boulevard, 101 East 165th Street, 103 East 165th Street, and others, Concourse Village, Bronx on January 09, 2023.
• Camber Property Groupand Settlement Housing Fund borrowed $18.3 million from Walker & Dunlop for 2105 Daly Avenue, West Farms, Bronx on January 05, 2023.
• K&R Preservation sold 2105 Daly Avenue, West Farms, Bronx for $25.4 million to Camber Property Groupand Settlement Housing Fund on January 05, 2023.
• Spencer Equity Group sold N/A Concourse Village Ea, Concourse Village, Bronx for $27.1 million to Gilbane Development on December 27, 2022.
• Spencer Equity Group sold 2363 Southern Boulevard, Belmont/Little Italy, Bronx for $8.2 million to Gilbane Development on December 23, 2022.
• Settlement Housing Fund borrowed $79.3 million from Community Preservation Corporation for 690 East 182nd Street, 1466 Grand Concourse, 1415 Wythe Place, 751 East 187th Street, and 737 East 187th Street, Belmont/Little Italy, Bronx on October 17, 2022.
• Neighborhood Restore Housing Development Fund Corporation sold 690 East 182nd Street, Belmont/Little Italy, Bronx for $13.6 million to Settlement Housing Fund on October 17, 2022.
• Neighborhood Restore Housing Development Fund Corporation sold 1466 Grand Concourse, 751 East 187th Street, and 737 East 187th Street, Claremont Village, Bronx for $32.6 million to Settlement Housing Fund on October 17, 2022.