Michael Rochford
St. Nicks Alliance
Owner
St. Nicks Alliance portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$122.5 million – walkup 48%, elevator 38%; Brooklyn 97%, Queens 2%
452th largest portfolio by dollar value
936,424 sqft – walkup 53%, elevator 33%;
350th largest by SF
73 properties – Brooklyn 98%, Queens 1%
85th largest
1,500 residential units – Brooklyn 59%, Queens 40%
145th largest by residential units
Person Activity past 24 months:
Buyer signatory: 1 for $3.6 million
Seller signatory: 0 for $0
Borrower signatory: 1 for $47.4 million
Lender signatory: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
Webster Bank (1), Northeast Brooklyn Housing Development Corporation (1)
Top Ten Associated People:
K. James Dittbrenner (1), Jeffrey Dunston (1)
Recent activity as signatory:
• Northeast Brooklyn Housing Development Corporation sold 984 Greene Avenue, Bedford Stuyvesant, Brooklyn for $3.6 million to St. Nicks Alliance on December 16, 2024.
• St. Nicks Alliance borrowed $47.4 million from Webster Bank for 1187 Fulton Street, 652 Dekalb Avenue, and 639 Dekalb Avenue, Bedford Stuyvesant, Brooklyn on July 25, 2023.