Breaking Ground

People:

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Breaking Ground portfolio

$175.7 million – specialty 51.0%, elevator 48.0%; Manhattan 60.0%, Brooklyn 32.0%

330th largest portfolio by dollar value

1,076,679 sqft – elevator 75.0%, specialty 22.0%;

312th largest by SF

8 properties – Manhattan 25%, Bronx 25%

149th largest

1,072 residential units – Brooklyn 63.0%, Bronx 19.0%

210th largest by residential units

Company Activity past 24 months:

Buyer company: 2 for $178.1 million

Seller company: 0 for $0

Borrower company: 5 for $417.5 million

Lender company: 0 for $0

Developer (new building or major alteration): 0 for 0 square feet

Top Ten Associated People:

Robert M. Hayes (1), Molly Anderson (1), Emily Lehman (1), Dean Ravosa (1), John Carrick (1), Troy A. Koerselman (1), Russell Hubley (1)

Latest Stories:

• Breaking Ground signs $120.8M construction loan for conversion to affordable in Carnegie Hill (January 03, 2025)

• Breaking Ground pays $172.1M to CenterSquare, Principal for dorm in Carnegie Hill, was $212.5M in 2019 (July 02, 2024)

• Breaking Ground signs $14.1M rehab construction loan for 180-unit rental in Chelsea (July 21, 2023)

• Breaking Ground pays $5.98M for 172-unit dev site in Jamaica, gets $106M construction loan (April 10, 2023)

• Waterfall Asset Management buys $145M note secured by dorm in Carnegie Hill (August 16, 2022)

• Breaking Ground gets $243M construction, land loan for affordable project in Dumbo (November 19, 2020)

• Breaking Ground permitted for $18.1M conversion of 301K sf building to 491 affordable units in Dumbo (October 16, 2020)

Properties:

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