Phoenix Realty Group
Phoenix Realty Group portfolio
$122.1 million* – condo 46%, elevator 26%; Bronx 59%, Brooklyn 40%
470th largest portfolio by dollar value
1,142,944 sqft – condo 47%, elevator 35%;
303th largest by SF
10 properties – Bronx 70%, Brooklyn 30%
829th largest
1,472 residential units – Bronx 69%, Brooklyn 30%
161th largest by residential units
Top Ten Associated Companies:
NYC Housing Development Corporation (2), Arker Companies (2), Abrams Capital (1), Belveron Partners (1), NYC Department of Housing Preservation and Development (1), Wells Fargo (1), Rocco Ron Romeo (1), Settlement Housing Fund (1), Capital One (1)
Top Ten Associated People:
Daniel Moritz (2), Ruth Moreira (1)
Recent activity as company:
• Phoenix Realty Group borrowed $10.6 million from NYC Department of Housing Preservation and Development for 2481 Southern Boulevard and 2459 Southern Boulevard, None, Bronx on February 07, 2022.
• Phoenix Realty Group borrowed $10.7 million from NYC Housing Development Corporation for 2405 Southern Boulevard, 2364 Prospect Avenue, and 2380 Prospect Avenue, Belmont/Little Italy, Bronx on February 03, 2022.
• Abrams Capital and Belveron Partners sold 2481 Southern Boulevard, 2405 Southern Boulevard, 2364 Prospect Avenue, 2459 Southern Boulevard, and 2380 Prospect Avenue, None, Bronx for $86 million to Phoenix Realty Group on January 31, 2022.
• Phoenix Realty Group borrowed $64.8 million from Capital One for 501 Commonwealth Avenue, 502 Rosedale Avenue, 520 Rosedale Avenue, 540 Rosedale Avenue, 550 Rosedale Avenue, and others, Soundview, Bronx on October 08, 2021.
• Phoenix Realty Group borrowed $12.6 million from Wells Fargo for 234 Herkimer Street and 254 Herkimer Street, Bedford-Stuyvesant, Brooklyn on July 06, 2021.
• Phoenix Realty Group sold 305 Decatur Street, 39 Kingston Avenue, 37 Kingston Avenue, 24 Mac Donough Street, 30 Mac Donough Street, and others, Bedford-Stuyvesant, Brooklyn for $18.5 million to Arker Companies on November 24, 2020.
• Phoenix Realty Group sold 15 Albany Avenue, 7 Albany Avenue, 5 Albany Avenue, 3 Albany Avenue, 1 Albany Avenue, and others, Bedford-Stuyvesant, Brooklyn for $15 million to Arker Companies on November 24, 2020.
• Phoenix Realty Group borrowed $180.8 million from NYC Housing Development Corporation for 147-07 94th Avenue, Jamaica, Queens on January 06, 2020.
• Rocco Ron Romeo sold 147-07 94th Avenue, Jamaica, Queens for $26.7 million to Phoenix Realty Group on January 06, 2020.
• Settlement Housing Fund sold 2424 Cropsey Avenue, Gravesend, Brooklyn for $35.5 million to Phoenix Realty Group on December 31, 2019.
Latest Stories:
• Joel Gluck borrows $50M from Santander Bank for multifamily property in Bronx (January 09, 2020)
• Rocco Ron Romeo obtained financing of $5M from Valley National Land (August 14, 2019)
Properties: