Atlantic Development Group
Atlantic Development Group NYC portfolio
$1.1 billion -elevator 60%, condo 21%, development 8%; Bronx 72%, Manhattan 23%, Brooklyn 3%*
207th largest portfolio by dollar value
5,825,986 sqft – elevator 82%, condo 14%, specialty 1%; Bronx 82%, Manhattan 15%, Brooklyn 1%
71th largest by SF
62 properties – Bronx 77%, Manhattan 20%, Brooklyn 1%
135th largest
5,572 residential units – Bronx 81%, Manhattan 18%
44th largest by residential units
0 foreclosures, 0 bankruptcies, 4 other court cases.
Company Activity past 24 months:
Borrower company: 1 for $44 million
Top Ten Associated Companies:
JLL (16), Signature Bank (9), M&T Bank (6), Valley National Bank (4), NYC Housing Development Corporation (4), New York City Housing Development Corporation (1), Boricua College (1), Deutsche Bank (1), Sterling National Bank (1), Customers Bank (1)
Top Ten Associated People:
Ruth Moreira (5), Kim Carson (1), Teresa Goerish (1), Alyssa D. Berquam (1), Brian Tish (1)
Recent activity as company:
• Atlantic Development Group borrowed $44 million from Customers Bank for 249 East 203 Street on September 27, 2024.
• Atlantic Development Group borrowed $12 million from Valley National Bank for 1325 Jerome Avenue, Mt Eden, Bronx on March 29, 2023.
• Atlantic Development Group and Seton Educational Partners borrowed $31.5 million from M&T Bank for 6 East Tremont Avenue on March 22, 2023.
• Atlantic Development Group borrowed $38.6 million from M&T Bank for 249 East 203 Street on February 22, 2023.
• Atlantic Development Group borrowed $11.8 million from JLL for 15 East 204 Street on September 15, 2022.
• Atlantic Development Group sold Boricua college for $7.1 million to Boricua College on April 11, 2022.
• Atlantic Development Group and Zeta Charter Schools borrowed $54.6 million from M&T Bank for None on March 24, 2022.
• Atlantic Development Group borrowed $15.4 million from Signature Bank for 3213 3rd Avenue, 3213 3rd Avenue, and 3213 3rd Avenue, Morrisania, Bronx on March 02, 2022.
• Atlantic Development Group borrowed $12 million from Valley National Bank for 1331 Jerome Avenue, Mt Eden, Bronx on December 30, 2021.
• Atlantic Development Group for Peter Fine filed plans for new building for 227,158 sqft in Mott Haven, Bronx, on December 20, 2021.
Latest Stories:
• Shorewood, Spencer An pay $28.5M for dev site in Mott Haven (December 31, 2024)
• Nonprofit ACMH pays $7M to Peter Fine for dev site in Norwood (November 13, 2024)
• Peter Fine signs $44M refi loan with Customers Bank for school in Bedford Park (October 14, 2024)
• Maddd Equities pays $22.6M for 333-unit dev site in Morris Heights (September 17, 2024)
• Atlantic Development signs $38.6M construction loan for school in Bedford Park (March 07, 2023)
• Atlantic Development files plans for 333-unit rental in Morris Heights (January 23, 2023)
• Atlantic Development signs $30.4M construction loan with M&T Bank in Mt Eden (January 07, 2022)
Court Records:
Properties: