St. Nicks Alliance
Owner
Nonprofit
People:
St. Nicks Alliance portfolio
$122.5 million* – walkup 48%, elevator 38%; Brooklyn 97%, Queens 2%
467th largest portfolio by dollar value
936,424 sqft – walkup 53%, elevator 33%;
365th largest by SF
73 properties – Brooklyn 98%, Queens 1%
130th largest
1,500 residential units – Brooklyn 59%, Queens 40%
158th largest by residential units
Company Activity past 24 months:
Buyer company: 2 for $8.7 million
Borrower company: 2 for $242 million
Top Ten Associated Companies:
National Equity Fund (2), AIG (1), Webster Bank (1), NYC Housing Development Corporation (1), Northeast Brooklyn Housing Development Corporation (1), Richman Group (1)
Top Ten Associated People:
K. James Dittbrenner (1), Lauren Connors (1), Jeffrey Dunston (1)
Recent activity as company:
• Richman Group sold 260 Powers Street, East Williamsburg, Brooklyn for $5.2 million to St. Nicks Alliance on January 10, 2025.
• Northeast Brooklyn Housing Development Corporation sold 984 Greene Avenue, Bedford Stuyvesant, Brooklyn for $3.6 million to St. Nicks Alliance on December 16, 2024.
• Hudson Companies and St. Nicks Alliance borrowed $194.6 million from NYC Housing Development Corporation for 89 Maspeth Avenue, East Williamsburg, Brooklyn on July 09, 2024.
• St. Nicks Alliance borrowed $47.4 million from Webster Bank for 1187 Fulton Street, 652 Dekalb Avenue, and 639 Dekalb Avenue, Bedford Stuyvesant, Brooklyn on July 25, 2023.
• St. Nicks Alliance borrowed $196 million from AIG for 90-02 168th Street, Jamaica, Queens on July 12, 2022.
• National Equity Fund sold 106 Gerry Street, East Williamsburg, Brooklyn for $7.1 million to St. Nicks Alliance on January 06, 2021.
• National Equity Fund sold 18 Morgan Avenue, 88 Morgan Avenue, 1134 Manhattan Avenue, 110 Meserole Street, 178 Jackson Street, and others, East Williamsburg, Brooklyn for $5.3 million to St. Nicks Alliance on January 06, 2021.
Latest Stories:
• St. Nicks Alliance pays $3.6M for 32-unit walkup in Bedford Stuyvesant (December 17, 2024)
Properties: