New York City Housing Authority

People:

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New York City Housing Authority portfolio

$11.5 billion – elevator 95.0%, walkup 3.0%; Manhattan 50.0%, Brooklyn 25.0%

4th largest portfolio by dollar value

135,386,032 sqft – elevator 96.0%, walkup 3.0%;

2th largest by SF

562 properties – Brooklyn 32%, Manhattan 30%

6th largest

162,365 residential units – Manhattan 32.0%, Bronx 30.0%

1th largest by residential units

0 foreclosures, 0 bankruptcies, 6 other court cases.

Company Activity past 24 months:

Buyer company: 1 for $137.6 million

Seller company: 8 for $358.5 million

Borrower company: 0 for $0

Lender company: 2 for $51 million

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

Top Ten Associated People:

Spyridon Papakonstadinou (2), Yiannes Einhorn (2), Timothy I. Henkel (2), Nicholas Lembo (2), Karim Hutson (2), Yvonne Stennett (2), Jed Resnick (1), Andrew Lebwohl (1), Omabuwa Binitie (1), Rick Gropper (1)

Latest Stories:

• BFC Partners signs $34M, 99-year lease with NYCHA for 634 units in Port Richmond (December 31, 2024)

• Genesis Companies, Lemor sign 99-year leases in Harlem with NYCHA valued at $112M, borrow $384M (October 16, 2024)

• Beacon Communities, MBD sign 99-year ground lease with NYCHA valued at $34.4M, PACT deal (October 08, 2024)

• BRP, Fairstead, Urbane sign $23.3M ground lease, get $635.6M loan to rehab NYCHA units (December 15, 2023)

• Arker Companies signs 99-year ground lease valued at $137.6M with NYCHA for PACT deal in Bronx (October 13, 2023)

• Camber signs $783M rehab loan for Bronx portfolio (July 10, 2023)

• Dantes Partners signs $139.9M acquisition loan with Walker & Dunlop for three residential elevator properties in Manhattan (January 20, 2023)

• Grid Group, Cityscapes pay $21.5M to NYCHA for air rights, borrows $32M from Valley National (October 28, 2022)

• Grid Group, Cityscapes Realty pay $6M to NYCHA for Harlem site where 393-unit project planned (October 26, 2022)

• Pennrose signs $72.8M refi loan with Freddie Mac for 11 properties in Bushwick (August 05, 2022)

Litigation:

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Properties:

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