Nyc Department Of Housing Preservation And Development

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Nyc Department Of Housing Preservation And Development portfolio

$146.5 million* – development 35%, Q0 29%; Queens 38%, Manhattan 30%

408th largest portfolio by dollar value

173,818 sqft – specialty 44%, elevator 32%;

1347th largest by SF

85 properties – Queens 47%, Brooklyn 37%

110th largest

105 residential units – Manhattan 59%, Brooklyn 39%

1395th largest by residential units

0 foreclosures, 0 bankruptcies, 5 other court cases.

Company Activity past 24 months:

Lender company: 26 for $1.1 billion

Top Ten Associated People:

Christopher Lacovara (2), Salvatore D’Avola (2), Ismene Speliotis (2), David Beer (2), Juan Ramos (2), Paul R. Freitag (2), Samantha Magistro (2), Jason Duchin (2), Ira Lichtiger (1), Daniel K. Johansson (1)

Recent activity as company:

Fortune Society borrowed $13 million from NYC Department of Housing Preservation and Development for 256 West 97th Street, Upper West Side, Manhattan on February 04, 2025.

Phipps Houses borrowed $20 million from Citibank and NYC Department of Housing Preservation and Development for 3103 3rd Avenue, Melrose, Bronx on January 07, 2025.

Bronx Pro Group borrowed $10 million from NYC Department of Housing Preservation and Development for 235 West 115th Street, 2084 Fred Douglass Blvd, 216 West 111th Street, 267 West 113thstreet, 212 West 111th Street, and others, Harlem, Manhattan on January 03, 2025.

Bronx Pro Group borrowed $7.4 million from NYC Department of Housing Preservation and Development for 2425 Adam C Powell Blvd, 67-69 West 137th Street, 241 West 135th Street, 2246 Adam C Powell Blvd, and 231 West 134th Street, Harlem, Manhattan on January 03, 2025.

Lemle & Wolff Companies borrowed $19.5 million from NYC Department of Housing Preservation and Development for 351 Bronx River Avenue, Soundview, Bronx on December 27, 2024.

Elmcor borrowed $10.8 million from NYC Department of Housing Preservation and Development for 104-10 Northern Boulevard, North Corona, Queens on November 26, 2024.

Southside United H.D.F.C. borrowed $25.5 million from NYC Department of Housing Preservation and Development for 60 North 8th Street, 479 Van Buren Street, 73 South 9th Street, 300 Bedford Avenue, 27 Beaver Street, and others, Williamsburg, Brooklyn on August 20, 2024.

Southside United H.D.F.C. borrowed $19.7 million from NYC Department of Housing Preservation and Development for 201 South 4th Street, 258-262 Grand Street, 743-747 Driggs Avenue, 188 South 2nd Street, 184 South 2nd Street, and others, Williamsburg, Brooklyn on July 30, 2024.

NYC Department of Housing Preservation and Development for Rona Reodica filed plans for new building for 176,308 sqft in Gowanus, Brooklyn, on July 30, 2024.

West Harlem Group Assistance borrowed $22.8 million from NYC Department of Housing Preservation and Development for 513 West 145th Street, 102-104 West 142nd Street, 1528 Amsterdam Avenue, 1652 Amsterdam Avenue, 117 West 129th Street, and others, Harlem, Manhattan on July 16, 2024.

Latest Stories:

• WHGA signs $63.3M rehab loan with Merchants Bank of Indiana for 27 properties in Harlem (July 17, 2024)

• Georgica Green pays $10.4M to Safehold for Coney Island dev site, gets $165M building loan (July 05, 2024)

• Vaya Development signs $65.6M construction loan for 114-unit project in Mt Hope (April 11, 2024)

• Azimuth signs $68.9M construction loan for 129 units in Melrose (April 11, 2024)

• L+M Development signs $106.6M construction loan for development in Brownsville (April 09, 2024)

• Gotham, Monadnock, church, sign $217.4M construction loan for 386 units in East New York (April 09, 2024)

• Gotham Org. acquires parcel from church valued at $13.9M for portion of Urban Village in East New York (April 02, 2024)

• Gowanus residents sue city to block 400-person homeless shelter (February 28, 2024)

• Yosef Rabinowitz pays $19.5M to Frank Ng for possible dev site in Gowanus (September 27, 2023)

• Doe Fund signs $9.4M refi loan with city for two shelters in Bronx (September 18, 2023)

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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