Spencer Hodes
Dermot Company
Dermot Company portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$1.2 billion – condo 61%, elevator 38%; Manhattan 72%, Brooklyn 22%
50th largest portfolio by dollar value
4,496,090 sqft – condo 57%, elevator 42%;
62th largest by SF
31 properties – Manhattan 51%, Brooklyn 38%
126th largest
4,450 residential units – Manhattan 63%, Brooklyn 28%
36th largest by residential units
0 foreclosures, 0 bankruptcies, 2 other court cases.
Top Ten Associated Companies:
Azora Exan (2), Helaba (1)
Top Ten Associated People:
Recent activity as signatory:
• Dermot Company borrowed $35 million from Azora Exan for 316 Bergen Street, Boerum Hill, Brooklyn on October 20, 2022.
• Azora Exan sold 316 Bergen Street, Boerum Hill, Brooklyn for $45.5 million to Dermot Company on October 20, 2022.
• Dermot Company borrowed $120 million from Helaba for 520 West 43rd Street, Hell’s Kitchen, Manhattan on August 10, 2022.