The Bridge
People:
The Bridge portfolio
$63.5 million* – elevator 52%, N9 19%; Manhattan 41%, Brooklyn 30%
809th largest portfolio by dollar value
506,906 sqft – elevator 47%, condo 23%;
604th largest by SF
19 properties – Manhattan 52%, Brooklyn 26%
485th largest
677 residential units – Brooklyn 44%, Bronx 28%
328th largest by residential units
0 foreclosures, 0 bankruptcies, 1 other court case.
Company Activity past 24 months:
Buyer company: 2 for $17.8 million
Borrower company: 5 for $107.5 million
Top Ten Associated Companies:
JPMorgan Chase (2), CPC Mortgage Company (1), NYS Dormitory Authority (1), UMB Bank (1), 125th Street (New York, NY) Contract-Backed Pass-Through Trust (1), NYC Department of Housing Preservation and Development (1), Manhattan Bible Church (1), Webster Bank (1), Leviticus Fund (1), Women In Need (1)
Top Ten Associated People:
Emily Lehman (1), Harry Jones (1), Randy Gruenberg (1), Greg Maher (1), Joseph Memoly (1), Yehuda Cohen (1), Jacob Fulop (1), Dana Greenberg (1)
Recent activity as company:
• The Bridge borrowed $40.8 million from JPMorgan Chase and NYS Homeless Housing and Assistance Corporation for 39 West 128th Street, Harlem, Manhattan on January 15, 2025.
• The Bridge for Taso Vassiliou filed plans for new building for 157,900 sqft in Inwood, Manhattan, on January 02, 2025.
• The Bridge borrowed $12 million from UMB Bank trustee for 2248 Webster Avenue, Belmont/Little Italy, Bronx on August 08, 2024.
• Women In Need sold 2248 Webster Avenue, Belmont/Little Italy, Bronx for $1.9 million to The Bridge on August 08, 2024.
• The Bridge and Radson Development borrowed $19.6 million from Webster Bank and Leviticus Fund for 3816 9th Avenue, Inwood, Manhattan on August 01, 2024.
• Manhattan Bible Church sold 3816 9th Avenue, Inwood, Manhattan for $15.8 million to The Bridge and Radson Development on August 01, 2024.
• The Bridge borrowed $27.7 million from JPMorgan Chase for 1559 Boone Avenue, East Morrisania, Bronx on July 31, 2023.
• The Bridge borrowed $7.4 million from NYC Department of Housing Preservation and Development for 3500 Park Avenue, Morrisania, Bronx on April 18, 2023.
• The Bridge borrowed $11.3 million from UMB Bank and 125th Street (New York, NY) Contract-Backed Pass-Through Trust for 551 West 125th Street, Harlem, Manhattan on September 21, 2022.
• The Bridge borrowed $16 million from NYS Dormitory Authority for 203 West 113thstreet, Harlem, Manhattan on August 22, 2022.
Latest Stories:
• The Bridge signs $40.8M construction loan for 91-unit project in Harlem (January 16, 2025)
• The Bridge, Radson pay $15.8M for 189-unit dev site in Inwood (August 02, 2024)
• The Bridge signs $27.7M construction loan for 66-unit project in East Morrisania (August 01, 2023)
• Jacob Fulop pays $5.2M to The Bridge for 10-unit walkup in Alphabet City (July 05, 2022)
• The Bridge pays $13M to family of Miriam Cohen for property in Morrisania (December 03, 2020)
• The Bridge borrows $11M from CPC for rental in Morrisania (December 03, 2020)
• TCO issued for 115-units of supportive housing in Morrisania (October 19, 2020)
Court Records:
Properties: