Phipps Houses
People:
Phipps Houses portfolio
$671.2 million – elevator 57.0%, condo 19.0%; Bronx 41.0%, Manhattan 39.0%
80th largest portfolio by dollar value
7,018,402 sqft – elevator 57.0%, condo 18.0%;
36th largest by SF
140 properties – Bronx 47%, Queens 32%
45th largest
6,132 residential units – Bronx 57.0%, Manhattan 30.0%
25th largest by residential units
0 foreclosures, 0 bankruptcies, 2 other court cases.
Company Activity past 24 months:
Buyer company: 4 for $44 million
Seller company: 1 for $33.7 million
Borrower company: 3 for $337.9 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 (9), Estate of Rita Stark (3), Citibank (2), Phipps Houses (2), Sgro family (2), Wayne Finkelstein (1), Alexander Svecherny (1), Richman Group (1), BankUnited (1), Joseph Daniel Zola (1)
Top Ten Associated People:
Elizabeth Farrell (3), Lauren Connors (2), Bruce Sontag (2), Eileen T. Sgro (2), Agostino Vona (2), Michael Wadman (1), Wayne Finkelstein (1), Alexander Svecherny (1), Joseph Daniel Zola (1), Ruth Moreira (1)
Latest Stories:
• Phipps Houses signs $98M construction loan for 185-unit affordable in Sunnyside (July 16, 2024)
• Phipps signs $218.9M construction loan in Far Rockaway (January 25, 2024)
• Phipps Houses pays $3.5M for likely dev site in Belmont, owns adjacent parcel (July 27, 2023)
• Phipps Houses signs $224.6M construction loan for 436 units in Cypress Hills (December 30, 2022)
• Phipps Houses pays $8.7M to Alexander Svecherny for office in Melrose (June 22, 2022)
• Phipps Houses, Douglaston pay $16.1M for dev site in Mott Haven (March 29, 2022)
• Phipps Houses gets $157.7M construction loan for 354 units in Far Rockaway (January 22, 2021)
Litigation: