Monadnock Development
People:
Monadnock Development portfolio
$294.5 million – elevator 68.0%, walkup 13.0%; Manhattan 83.0%, Bronx 8.0%
202th largest portfolio by dollar value
2,234,529 sqft – elevator 61.0%, walkup 17.0%;
139th largest by SF
85 properties – Manhattan 43%, Brooklyn 42%
77th largest
3,144 residential units – Manhattan 81.0%, Bronx 11.0%
54th largest by residential units
Company Activity past 24 months:
Buyer company: 1 for $26.7 million
Seller company: 1 for $26.3 million
Borrower company: 2 for $329.1 million
Lender company: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
NYC Housing Development Corporation (4), Wells Fargo (2), New York City Housing Authority (2), Philip J. Scafuri (1), Brookdale Hospital Medical Center (1), NYS Housing Finance Agency (1), Wavecrest Management (1), Amalgamated Bank (1), Bank of America (1), M&T Bank (1)
Top Ten Associated People:
Philip J. Scafuri (1), Lauren Connors (1), LaRay Brown (1), Joseph M. Camerata (1), Jonathan Gouveia (1)
Latest Stories:
• Monadnock signs $110.4M construction loan for 189-unit project in East New York (May 06, 2024)
• Monadnock pays $26.7M to Brookdale Hospital for dev site in East Flatbush (December 18, 2023)
• Monadnock Development signs $107.9M construction loan in East New York (January 09, 2023)
• Monadnock Development signs $42.5M loan for office development in Gowanus (December 20, 2022)
• Monadnock files to demolish buildings in Gowanus ahead of 301-unit project (November 16, 2022)
• Affordable developer Monadnock pays $5.7M for industrial in Gowanus (March 22, 2022)
• Monadnock signs $25M refi with Amalgamated for office building in Mott Haven (October 29, 2021)