NYC Partnership Housing Development Fund

NYC Partnership Housing Development Fund portfolio

$1.3 million* – V0 57%, elevator 30%; Brooklyn 100%, Manhattan 0%

6039th largest portfolio by dollar value

7 properties – Brooklyn 100%, Manhattan 0%

1270th largest

33 residential units – Brooklyn 100%, Manhattan 0%

2656th largest by residential units

Top Ten Associated Companies:

D.P. Group General Contractors (1), Jericho Project (1), Sterling National Bank (1)

Top Ten Associated People:

Michael Pilla (1), Victoria Lyon (1)

Recent activity as company:

NYC Partnership Housing Development Fund sold 3200 Atlantic Avenue, East New York, Brooklyn for $10.1 million to Jericho Project on June 30, 2022.

D.P. Group General Contractors borrowed $6.8 million from NYC Partnership Housing Development Fund for 451 East 159th Street and 3120 Park Avenue, Melrose, Bronx on May 17, 2022.

NYC Partnership Housing Development Fund borrowed $31.3 million from Sterling National Bank for 335 Ralph Avenue, 331 Ralph Avenue, 329 Ralph Avenue, 37 Rochester Avenue, 35 Rochester Avenue, and others, Ocean Hill, Brooklyn on July 13, 2021.

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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