Joint Ownership Entity New York City
People:
Joint Ownership Entity New York City portfolio
$31.2 million* – walkup 73%, mixed-use 11%; Brooklyn 57%, Manhattan 30%
1295th largest portfolio by dollar value
265,816 sqft – walkup 90%, mixed-use 4%;
975th largest by SF
23 properties – Brooklyn 52%, Manhattan 39%
416th largest
298 residential units – Manhattan 39%, Brooklyn 35%
651th largest by residential units
Company Activity past 24 months:
Borrower company: 3 for $67.5 million
Top Ten Associated Companies:
Local Initiatives Support Corporation (2), NYC Housing Development Corporation (1), Low Income Investment Fund (1)
Recent activity as company:
• Joint Ownership Entity New York City borrowed $18.4 million from Local Initiatives Support Corporation for 231 5th Avenue, 130 29th Street, 257 3rd Avenue, 115 Columbia Street, 4707 4th Avenue, and others, Park Slope, Brooklyn on January 23, 2025.
• Fifth Avenue Committee and Joint Ownership Entity New York City borrowed $17.7 million from Local Initiatives Support Corporation for 130 29th Street, 588 Park Place, and 594 Park Place, Greenwood Heights, Brooklyn on July 26, 2024.
• Joint Ownership Entity New York City borrowed $31.4 million from Low Income Investment Fund for 1315 Lafayette Avenue and 911 Simpson Street, Hunts Point, Bronx on July 11, 2023.
• Parodneck Foundation and Joint Ownership Entity New York City borrowed $10.5 million from NYC Housing Development Corporation for 107 Morningside Avenue, 111 Morningside Avenue, 109 Morningside Avenue, 2851 8th Avenue, 230 Bradhurst Avenue, and others, Harlem, Manhattan on July 20, 2022.
Properties: