Affordable Living NY

710 Avenue U Brooklyn, NY 11223

1303 Seawane Drive HEWLETT, NY 11557

People:

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Affordable Living NY portfolio

$4 million* – specialty 63%, development 22%; Brooklyn 63%, Bronx 36%

4217th largest portfolio by dollar value

32,455 sqft – specialty 93%, V0 6%;

3505th largest by SF

7 properties – Bronx 85%, Brooklyn 14%

1265th largest

Company Activity past 24 months:

Borrower company: 2 for $31.7 million

Top Ten Associated Companies:

Ponce Bank (1), Webster Bank (1)

Top Ten Associated People:

Steven A. Tsavaris (1), Peter Izzo (1)

Recent activity as company:

Affordable Living NY borrowed $7.2 million from Webster Bank for 3025 Avenue U, Sheepshead Bay, Brooklyn on November 20, 2024.

Affordable Living NY borrowed $24.5 million from Ponce Bank for 749 Crotona Park North, 739 Crotona Park North, 747 Crotona Park North, 741 Crotona Park North, 733 Crotona Park North, and others, East Morrisania, Bronx on October 02, 2024.

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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