Salvatore D’Avola

Neighborhood Restore

(Neighborhood Restore HDFC, Neighborhood Restore Housing Development Fund Corporation, Restoring Communities)

Owner

150 Broadway, Suite 2101 New York, NY 10038

LinkedIn

Neighborhood Restore portfolio

(NYC’s “Market Value,” 50% or less of actual value)

$116.1 million – walkup 61.0%, mixed-use 13.0%; Manhattan 49.0%, Bronx 43.0%

482th largest portfolio by dollar value

1,159,719 sqft – walkup 72.0%, elevator 19.0%;

290th largest by SF

86 properties – Manhattan 41%, Bronx 34%

76th largest

1,459 residential units – Bronx 66.0%, Manhattan 27.0%

149th largest by residential units

Person Activity past 24 months:

Buyer signatory: 0 for $0

Seller signatory: 3 for $15.6 million

Borrower signatory: 2 for $38 million

Lender signatory: 0 for $0

Developer (new building or major alteration): 8 for 232,031 square feet

Top Ten Associated People:

Joseph Friedman (14), Fazeela Siddiqui (2), Amelia Rideau (2), Mitchell Netburn (1), Raul Russi (1), Larry Hirschfield (1), Ismene Speliotis (1), Michael Rooney (1), Maria Lizardo (1), Juan Barahona (1)

Recent activity as signatory:

• Neighborhood Restoreand Banana Kellyand Community Assisted Tenant Controlled Housing borrowed $31.2 million from Ponce Bank for 51 East 129th Street and 1263 Park Avenue, East Harlem, Manhattan on January 08, 2025.

• Neighborhood Restore sold 1216 Pacific Street, Crown Heights, Brooklyn for $3.8 million to Bridge Street Development Corporation on October 21, 2024.

• Neighborhood Restore borrowed $6.8 million from NYC Housing Development Corporation for 1083-1087 Bryant Avenue, 1454 Grand Concourse, 1575 Townsend Avenue, 1245 Findlay Avenue, 2160 Walton Avenue, and others, Longwood, Bronx on October 01, 2024.

• Neighborhood Restore sold 535 East 12th Street, Alphabet City, Manhattan for $6.9 million to SMJ Development on September 26, 2024.

• Salvatore D’Avola filed plans for new building for 2,796 sqft in Concourse Village, Bronx, on July 23, 2024.

• Neighborhood Restore sold 21 Arden Street, Washington Heights, Manhattan for $5 million to Northern Manhattan Improvement Corporation on March 25, 2024.

• Salvatore D’Avola filed plans for major alteration for 81,708 sqft in Longwood, Bronx, on January 11, 2024.

• Salvatore D’Avola filed plans for major alteration for 54,228 sqft in Claremont Village, Bronx, on January 11, 2024.

• Salvatore D’Avola filed plans for major alteration for 39,839 sqft in Mt Eden, Bronx, on January 10, 2024.

• Salvatore D’Avola filed plans for new building for 35,401 sqft in Bronx, on September 06, 2023.