Archdiocese of New York

Archdiocese of New York portfolio

$233.4 million* – hotel 90%, retail 9%; Manhattan 100%, Bronx 0%

264th largest portfolio by dollar value

866,090 sqft – hotel 96%, retail 3%;

382th largest by SF

3 properties – Manhattan 100%, Bronx 0%

2190th largest

0 foreclosures, 0 bankruptcies, 1 other court case.

Company Activity past 24 months:

Borrower company: 1 for $250 million

Top Ten Associated Companies:

JPMorgan Chase (2), Goldman Sachs (1)

Top Ten Associated People:

Michael T. Seeley (1)

Recent activity as company:

• Archdiocese of New York and Roman Catholic Church borrowed $250 million from Goldman Sachs for 455 Madison Avenue, 457 Madison Avenue, and 35 East 50th Street, Midtown East, Manhattan on October 16, 2024.

• Archdiocese of New York borrowed $80 million from JPMorgan Chase for 455 Madison Avenue, 457 Madison Avenue, and 35 East 50th Street, Midtown East, Manhattan on June 17, 2022.

• Archdiocese of New York borrowed $120 million from JPMorgan Chase for 455 Madison Avenue, 35 East 50th Street, 457 Madison Avenue, Plaza District, Manhattan on November 12, 2019.

Latest Stories:

• Archdiocese of NY gets $70M in new debt from Goldman Sachs, for total of $250M at Midtown East commercial (October 17, 2024)

• Kenneth Griffin in contract to pay St. Bart’s up to $78M for Midtown East air rights, his second deal (March 07, 2024)

• Catholic Homes pays $7.9M to Roman Catholic Church for 126-unit Longwood dev site (July 14, 2023)

• Catholic Church contracts to sell 126-unit dev parcel in Longwood for $7.9M (April 28, 2023)

• Citadel records lease with Vornado for office in Midtown East, part of plan to build 1.7M sf office tower (February 01, 2023)

• Archdiocese of New York signs $80M refi with JPMorgan Chase for three properties in Midtown East (June 20, 2022)

• Vornado Realty Trust files plans for $2M tenant fit out for Citadel Securities at 350 Park Avenue (July 22, 2020)

• Archdiocese of New York borrows $120M two years after disclosing it would borrow for victims’ fund (November 13, 2019)

Court Records:

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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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