Richman Group
People:
Richman Group portfolio
$122.4 million* – condo 100%; Manhattan 100%, Bronx 0%
468th largest portfolio by dollar value
385,524 sqft – condo 100%;
754th largest by SF
8 properties – Manhattan 100%, Bronx 0%
1006th largest
404 residential units – Manhattan 100%, Bronx 0%
518th largest by residential units
Company Activity past 24 months:
Seller company: 2 for $19.3 million
Borrower company: 1 for $120.1 million
Top Ten Associated Companies:
Number One Single Room Occupancy HDFC (1), Phipps Houses (1), Lantern Organization (1), NYC Housing Development Corporation (1), St. Nicks Alliance (1)
Top Ten Associated People:
John McDonald (1), Ruth Moreira (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.
• Richman Group and U.S.A. Institutional Tax Credit Fund XXXIX L.P. sold 1852 Washington Avenue, Tremont, Bronx for $14.1 million to Lantern Organization on January 19, 2024.
• Richman Group borrowed $120.1 million from NYC Housing Development Corporation for 201 East 125th Street, 201 East 125th Street, 201 East 125th Street, 201 East 125th Street, 201 East 125th Street, and others, East Harlem, Manhattan on November 06, 2023.
• Richman Group sold 305-311 Bowery, East Village, Manhattan for $5.7 million to Phipps Houses on January 06, 2023.
• Richman Group sold 223 East 117th Street, East Harlem, Manhattan for $6.1 million to Number One Single Room Occupancy HDFC on March 16, 2022.
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