Carole Gordon
The Bridge
The Bridge|The Bridge|Radson Development|NYS Homeless Housing and Assistance Corporation portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$59.9 million – elevator 55%, N9 20%; Manhattan 37%, Brooklyn 32%
818th largest portfolio by dollar value
488,741 sqft – elevator 49%, condo 24%;
606th largest by SF
18 properties – Manhattan 50%, Brooklyn 27%
139th largest
656 residential units – Brooklyn 45%, Bronx 29%
305th largest by residential units
0 foreclosures, 0 bankruptcies, 1 other court case.
Person Activity past 24 months:
Buyer signatory: 2 for $17.8 million
Seller signatory: 0 for $0
Borrower signatory: 3 for $54.7 million
Lender signatory: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
Bridge New York (1), 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), JPMorgan Chase (1), Manhattan Bible Church (1), Webster Bank (1), Leviticus Fund (1)
Top Ten Associated People:
Dana Greenberg (1), Emily Lehman (1), Harry Jones (1), Randy Gruenberg (1), Greg Maher (1), Joseph Memoly (1), Yehuda Cohen (1), Jacob Fulop (1)
Recent activity as signatory:
• Women In Need sold 2248 Webster Avenue, Belmont/Little Italy, Bronx for $1.9 million to The Bridge on August 08, 2024.
• The Bridgeand Radson Development borrowed $19.6 million from Webster Bankand 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 Bridgeand 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 Bankand 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.
• The Bridge borrowed $22 million from CPC Mortgage Company for 1228 Washington Avenue, Morrisania, Bronx on July 21, 2022.
• The Bridge sold 631 East 6th Street, Alphabet City, Manhattan for $5.2 million to Jacob Fulop on July 01, 2022.
• The Bridge borrowed $90.5 million from NYS Housing Finance Agency for 805 Rockaway Avenue, 432 Thatford Avenue, 203 Newport Street, and 203 Newport Street, Brownsville, Brooklyn on April 19, 2022.
Latest Stories:
• 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