Brookdale Hospital Medical Center

Brookdale Hospital Medical Center portfolio

$430.3 million* – specialty 94%, industrial 3%; Brooklyn 100%, Manhattan 0%

154th largest portfolio by dollar value

2,171,670 sqft – specialty 85%, industrial 14%;

152th largest by SF

38 properties – Brooklyn 100%, Manhattan 0%

266th largest

7 residential units – Brooklyn 100%, Manhattan 0%

4677th largest by residential units

Company Activity past 24 months:

Seller company: 1 for $26.7 million

Top Ten Associated Companies:

NYS Dormitory Authority (2), Monadnock Development (1)

Top Ten Associated People:

Portia Lee (1), Nicholas Lembo (1)

Recent activity as company:

Brookdale Hospital Medical Center sold 832 Rutland Road, East Flatbush, Brooklyn for $26.7 million to Monadnock Development on December 15, 2023.

Brookdale Hospital Medical Center for Tony Renteria filed plans for new building for 377,986 sqft in East Flatbush, Brooklyn, on January 05, 2022.

Brookdale Hospital Medical Center borrowed $118.8 million from NYS Dormitory Authority for 463 New Lots Avenue, 1275 Linden Boulevard, 501 East 98th Street, 580 East 96th Street, 86 East 49th Street, and others, East New York, Brooklyn on March 31, 2021.

Brookdale Hospital Medical Center borrowed $86.2 million from NYS Dormitory Authority for 637 Amboy Street, Brooklyn, Brooklyn on February 05, 2020.

Latest Stories:

• Monadnock signs $218.7M construction loan for 321-unit project in East Flatbush (December 26, 2023)

• Monadnock pays $26.7M to Brookdale Hospital for dev site in East Flatbush (December 18, 2023)

• Xenolith Partners signs $31.2M new construction loan with TD Bank for specialty in Brownsville (October 18, 2022)

• Camba signs $27.5M construction loan property including 57-unit project in Bed Stuy (March 11, 2022)

• Xenolith Partners files plans for 74-unit mixed-use building in Brownsville (December 04, 2020)

• Interfaith Medical Center files $8M rehab to multiple floors of Bed-Stuy hospital (July 15, 2020)

• MDG, Smith & Henzy, Foundling Group borrow $72M for affordable development in Brownsville (June 23, 2020)

• Brookdale University Hospital is fully permitted for construction of a 160-unit, 137K sf residential building in Brownsville (March 26, 2020)

• Brookdale Hospital Medical Center borrows $86M through the state Dormitory Authority for garage in Brownsville (February 06, 2020)

Properties:

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*The Portfolio Value is the city’s Market Value, which is typically 50% or less of actual market value.

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