Alembic Community Development
People:
Alembic Community Development NYC portfolio
$226.3 million -development 91%, industrial 8%; Brooklyn 100%*
897th largest portfolio by dollar value
5 properties – Brooklyn 100%
1856th largest
265 residential units – Brooklyn 100%
930th largest by residential units
Company Activity past 24 months:
Buyer company: 1 for $10.5 million
Borrower company: 1 for $15 million
Developer (new building or major alteration): 1 for 131,812 square feet
Top Ten Associated Companies:
Citizens Bank (1), Corporation for Supportive Housing (1), NYS Housing Finance Agency (1), NYC Department of Housing Preservation and Development (1)
Recent activity as company:
• Alembic Community Development for Jenny Marone filed plans for new building for 131,812 sqft in Prospect Lefferts Gardens, Brooklyn, on December 31, 2025.
• Alembic Community Development borrowed $15 million from Corporation for Supportive Housing for 251 Clarkson Avenue on August 02, 2024.
• Albert Rabizadeh, Daniel Rabizadeh, Mehrdad Kahan, Said Makhany and Alex Rabizadeh sold 251 Clarkson Avenue for $10.5 million to Alembic Community Development on August 02, 2024.
• Alembic Community Development borrowed $30 million from Citizens Bank for 51 New Lots Avenue on November 14, 2023.
• Alembic Community Development, Brooklyn Community Housing & Services and Hudson Housing Capital borrowed $143.7 million from NYS Housing Finance Agency and NYC Department of Housing Preservation and Development for 2401 Pacific Street on June 29, 2023.
• Love Fellowship Tabernacle ground leased 2401 Pacific Street valued at $14.7 million to Alembic Community Development, Brooklyn Community Housing & Services and Hudson Housing Capital on June 29, 2023.
• Alembic Community Development for Benjamin Warnke filed plans for new building for 37,992 sqft in Bedford Stuyvesant, Brooklyn, on June 13, 2014.
• Alembic Community Development for Benjamin Warnke filed plans for new building for 45,481 sqft in Mott Haven, Bronx, on October 23, 2012.
• Alembic Community Development for Benjamin Warnke filed plans for new building for 34,764 sqft in Mott Haven, Bronx, on October 10, 2012.
Properties: