John P. McCarthy
HUBB NYC
Owner
HUBB NYC portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$466 million – elevator 40%, walkup 33%; Manhattan 78%, Brooklyn 21%
132th largest portfolio by dollar value
1,291,217 sqft – elevator 50%, walkup 26%;
259th largest by SF
71 properties – Manhattan 91%, Brooklyn 8%
87th largest
1,608 residential units – Manhattan 71%, Brooklyn 28%
134th largest by residential units
0 foreclosures, 0 bankruptcies, 4 other court cases.
Person Activity past 24 months:
Buyer signatory: 1 for $18.8 million
Seller signatory: 1 for $12 million
Borrower signatory: 5 for $43 million
Lender signatory: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
JPMorgan Chase (12), AIR Communities (11), M&T Bank (2), MetLife (2), First Republic Bank (2), Greystone & Co. (1), Be-Aviv (1), Slate Property Group (1), Adam America Real Estate (1), iPark (1)
Top Ten Associated People:
Lisa Cohn (11), Ursula Flores (5), Alan J. Perlowitz (2), Matthew Stabel (1), Andrew Frohlich (1), Michael Hofheinz (1), Ben Harlev (1), Jay Levinton (1), Jacob Chase (1), Thomas Pierandi (1)
Recent activity as signatory:
• HUBB NYC borrowed $5.3 million from JPMorgan Chase for 714 9th Avenue, Hell’s Kitchen, Manhattan on January 02, 2025.
• HUBB NYC sold 350 West 42nd Street, Hell’s Kitchen, Manhattan for $12 million to iPark on February 07, 2024.
• HUBB NYC borrowed $7.5 million from M&T Bank for 210 West 96th Street and N/A West 96th Street, Upper West Side, Manhattan on January 04, 2024.
• HUBB NYC borrowed $10.3 million from JPMorgan Chase for 2130 Adam C Powell Blvd, Harlem, Manhattan on August 23, 2023.
• UBS Realty Investors sold 2130 Adam C Powell Blvd, Harlem, Manhattan for $18.8 million to HUBB NYC on August 23, 2023.
• HUBB NYC borrowed $9.1 million from JPMorgan Chase for 420 East 66th Street, Lenox Hill, Manhattan on June 07, 2023.
• HUBB NYC borrowed $10.7 million from JPMorgan Chase for 404 East 88th Street, Yorkville, Manhattan on June 06, 2023.
• HUBB NYC borrowed $20 million from JPMorgan Chase for 225 4th Avenue and 225 4th Avenue, Park Slope, Brooklyn on September 23, 2022.
• Greystone & Co. sold 225 4th Avenue and 225 4th Avenue, Park Slope, Brooklyn for $40 million to HUBB NYC on September 23, 2022.
• HUBB NYC borrowed $38.2 million from First Republic Bank for 120 Union Avenue, Williamsburg, Brooklyn on August 09, 2022.
Latest Stories:
• iPark pays $12M to HUBB NYC for garage in Hell’s Kitchen February 08, 2024
• HUBB NYC pays $18.8M to UBS fund for 46-unit rental in Harlem August 24, 2023
• HUBB NYC pays $40M to Greystone & Co. for 63-unit rental in Park Slope September 26, 2022
• HUBB NYC pays $76.8M to Slate, Adam America for 130-unit rental in Williamsburg August 10, 2022
• HUBB NYC pays $63.5M to Be-Aviv for 78-unit rental in Lower East Side June 17, 2022
• HUBB NYC signs $60M refi with MetLife for building in Harlem February 11, 2022
• HUBB NYC pays $116.2M to Greystar for two rentals in Williamsburg January 03, 2022
• HUBB NYC pays $140M, part of expected $190M sale November 22, 2021
• HUBB NYC pays $105M to Jay Group for 141-unit apartment in Harlem September 30, 2021