Breaking Ground

505 8th Ave 5th Floor New York, NY 10018

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$768.6 million* – elevator 52%, development 24%, specialty 22%; Brooklyn 46%, Manhattan 24%, Queens 24%

221th largest portfolio by dollar value

1,157,999 sqft – elevator 77%, specialty 21%, condo 1%;

305th largest by SF

10 properties – Bronx 30%, Queens 30%, Manhattan 20%

841th largest

1,190 residential units – Brooklyn 57%, Bronx 27%, Manhattan 15%

211th largest by residential units

Buyer company: 2 for $183 million

Borrower company: 6 for $676.6 million

• Tishman Speyer and Breaking Ground borrowed $142.8 million from NYS Housing Finance Agency for N/A Beach 53rd Street, Edgemere, Queens on April 14, 2025.

• Tishman Speyer sold N/A Beach 53rd Street, Edgemere, Queens for $10.9 million to Breaking Ground on April 14, 2025.

• Breaking Ground borrowed $120.8 million from NYS Housing Finance Agency for 1760 3rd Avenue, Carnegie Hill, Manhattan on January 02, 2025.

• Douglaston Development, Asland Capital Partners and Breaking Ground borrowed $222.1 million from NYC Housing Development Corporation for 715 Noble Avenue, 740 Beach Avenue, and 710 Noble Avenue, Soundview, Bronx on August 02, 2024.

• Breaking Ground borrowed $163.5 million from Enterprise Community Partners and City of New York for 1760 3rd Avenue, Carnegie Hill, Manhattan on July 01, 2024.

• CenterSquare Investment Management, Principal Real Estate Investors and 60 Guilders sold 1760 3rd Avenue, Carnegie Hill, Manhattan for $172.1 million to Breaking Ground on July 01, 2024.

• Breaking Ground borrowed $13.2 million from NYC Department of Housing Preservation and Development for 455 East 142nd Street, Mott Haven, Bronx on September 26, 2023.

• Breaking Ground borrowed $14.1 million from Low Income Investment Fund for 202 West 24th Street, Chelsea, Manhattan on July 20, 2023.

• Breaking Ground borrowed $105.8 million from NYS Housing Finance Agency and NYC Department of Housing Preservation and Development for 97-04 Sutphin Boulevard and 97-04 Sutphin Boulevard, Jamaica, Queens on April 07, 2023.

• Community Healthcare Network sold 97-04 Sutphin Boulevard and 97-04 Sutphin Boulevard, Jamaica, Queens for $6 million to Breaking Ground on April 07, 2023.