NYC School Construction Authority

People:

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NYC School Construction Authority portfolio

$114.9 million* – condo 27.0%, office 20.0%; Queens 43.0%, Manhattan 33.0%

500th largest portfolio by dollar value

481,324 sqft – office 27.0%, specialty 26.0%;

632th largest by SF

39 properties – Queens 41%, Brooklyn 23%

259th largest

0 foreclosures, 0 bankruptcies, 6 other court cases.

Company Activity past 24 months:

Buyer company: 8 for $247.6 million

Top Ten Associated People:

Efthimisios Zisimopoulos (2), Tim Ziss (2), Tracy Dowd (1), Rev. Jose Agustin Orellana (1), Raymond Yu (1), Rev. John Wroblewski (1), Elliot Newmann (1), Jodi Gerstman (1), Anna Chen (1), Margaret McVetty (1)

Recent activity as company:

NYC School Construction Authority for Robert Murphy filed plans for new building for 3,900 sqft in Concord, Staten Island, on January 11, 2025.

NYC School Construction Authority for Robert Murphy filed plans for new building for 184,800 sqft in Concord, Staten Island, on January 11, 2025.

NYC School Construction Authority for Robert Murphy filed plans for new building for 100,324 sqft in Concord, Staten Island, on January 08, 2025.

NYC School Construction Authority for Joseph Scalisi filed plans for new building for 103,932 sqft in Flushing, Queens, on December 20, 2024.

NYC School Construction Authority for Charleston Albert filed plans for new building for 120,401 sqft in Bay Ridge, Brooklyn, on December 12, 2024.

NYC School Construction Authority for Robert Murphy filed plans for new building for 54,668 sqft in Port Richmond, Staten Island, on July 10, 2024.

NYC School Construction Authority for Joseph Scalisi filed plans for new building for 2,345 sqft in Bayside, Queens, on May 06, 2024.

Vishal Patel sold N/A Broadway, North Riverdale, Bronx for $3.5 million to NYC School Construction Authority on April 23, 2024.

• Jeffrey M. Loewy, Albert T. Loewy and Claire R. Loewy sold 6393 Broadway and 6389 Broadway, North Riverdale, Bronx for $9.2 million to NYC School Construction Authority on April 23, 2024.

NYC School Construction Authority for Charleston Albert filed plans for new building for 11,170 sqft in East New York, Brooklyn, on March 01, 2024.

Latest Stories:

• City pays $12.65M for school dev site in North Riverdale (April 24, 2024)

• City pays $81.8M to Eastone Equities, partners, for school dev site in Flushing (February 12, 2024)

• City pays $10.2M to St. Nicholas Home for new high school location in Bay Ridge (February 05, 2024)

• City schools pays $18M for industrial in Richmond Hill (October 19, 2023)

• City pays $38M to Madison Realty Capital for school condo in Maspeth (September 26, 2023)

• City pays $50M to Stawski Partners for new school location in LIC (April 11, 2023)

• NYC pays $36.9M for shuttered Catholic school in College Point (April 03, 2023)

• City files plans for 89K sf school in Bay Terrace, Queens (January 23, 2023)

• City pays $5.8M to Catholic Church for property in Staten Island for schools (January 23, 2023)

• City pays $8.4M to Roman Catholic Church for school dev site in Kingsbridge (August 26, 2022)

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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