Comunilife

People:

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Comunilife portfolio

$15.9 million* – elevator 48%, specialty 44%; Bronx 52%, Brooklyn 47%

2021th largest portfolio by dollar value

140,194 sqft – elevator 66%, specialty 33%;

1547th largest by SF

4 properties – Bronx 50%, Brooklyn 50%

1881th largest

237 residential units – Bronx 62%, Brooklyn 37%

777th largest by residential units

Company Activity past 24 months:

Buyer company: 1 for $3.6 million

Seller company: 1 for $8 million

Borrower company: 1 for $51 million

Top Ten Associated People:

Alexander Hajibay (1), Mary Grochowski (1), K. James Dittbrenner (1)

Recent activity as company:

Comunilife borrowed $51 million from Webster Bank and NYS Homeless Housing and Assistance Corporation for 2444 Tiebout Avenue, Fordham Heights, Bronx on May 15, 2024.

Cooperman Barnabas Medical Center sold 2444 Tiebout Avenue, Fordham Heights, Bronx for $3.6 million to Comunilife on May 15, 2024.

Comunilife sold 2130 Crotona Avenue, 950 Jennings Street, and 2111 Hughes Avenue, Belmont/Little Italy, Bronx for $8 million to Heritage Affordable Communities on May 13, 2024.

Comunilife for Michael O’Donnell filed plans for new building for 60,079 sqft in Bronx, on August 30, 2023.

Comunilife borrowed $34.6 million from Webster Bank for 171 Throop Avenue, Bedford-Stuyvesant, Brooklyn on December 08, 2022.

Comunilife borrowed $11.4 million from JPMorgan Chase for 179 Throop Avenue, Brooklyn, Brooklyn on May 14, 2020.

Comunilife borrowed $59.8 million from NYS Housing Finance Agency for 3401 3rd Avenue, Morrisania, Bronx on January 29, 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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