Robert Riggs
Community Preservation Corporation
Lender
Community Preservation Corporation portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$54.4 million – elevator 88%, walkup 11%; Brooklyn 100%, Manhattan 0%
879th largest portfolio by dollar value
599,143 sqft – elevator 92%, walkup 7%;
515th largest by SF
7 properties – Brooklyn 100%, Manhattan 0%
150th largest
564 residential units – Brooklyn 100%, Manhattan 0%
344th largest by residential units
4 foreclosures, 1 bankruptcy, 0 other court cases.
Person Activity past 24 months:
Buyer signatory: 0 for $0
Seller signatory: 0 for $0
Borrower signatory: 0 for $0
Lender signatory: 1 for $8.5 million
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
Top Ten Associated People:
Brian Shatz (1)
Recent activity as signatory:
• Black Spruce Management borrowed $91.2 million from Goldman Sachs for 80-08 135th Street, 81-10 135th Street, 515 St Marks Avenue, 1063 Pacific Street, 663 Classon Avenue, and others, Briarwood, Queens on December 09, 2024.
• Madison Realty Capital borrowed $0 from Peter Stern for 3052 Brighton 1st Street, Brighton Beach, Brooklyn on September 24, 2024.
• Metropolitan Realty Group borrowed $14.1 million from Greystone & Co. for 366 Pennsylvania Avenue, 378 Pennsylvania Avenue, 350 Pennsylvania Avenue, and 354 Pennsylvania Avenue, East New York, Brooklyn on September 13, 2024.
• RYCO Capital borrowed $128.2 million from Derby Copeland Capital for 156 2nd Avenue, 151 2nd Avenue, 145 2nd Avenue, 141 2nd Avenue, 131 2nd Avenue, and others, East Village, Manhattan on August 29, 2024.
• Madison Realty Capital borrowed $8.5 million from Community Preservation Corporation for 3052 Brighton 1st Street, Brighton Beach, Brooklyn on February 09, 2024.