Ciampa Organization

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Ciampa Organization portfolio

$302.5 million* – elevator 79%, industrial 7%; Queens 100%, Manhattan 0%

206th largest portfolio by dollar value

2,098,666 sqft – elevator 79%, industrial 10%;

159th largest by SF

44 properties – Queens 100%, Manhattan 0%

222th largest

1,697 residential units – Queens 100%, Manhattan 0%

133th largest by residential units

0 foreclosures, 0 bankruptcies, 2 other court cases.

Company Activity past 24 months:

Borrower company: 8 for $72.8 million

Top Ten Associated Companies:

Capital One (15), Michael P. Grey (1), Apple Bank for Savings (1), Popular Bank (1), Morgan Stanley (1), New Empire Corp. (1), Sandra Vaichunas (1)

Top Ten Associated People:

Todd Phillips (5), Mohamed H. Khalil (2), Jeffrey Novick (1), Cynthia Wang (1), Kristin Sansone (1), Bentley Zhao (1), Sandra Vaichunas (1)

Recent activity as company:

Ciampa Organization borrowed $10.5 million from Morgan Stanley for 89-44 162nd Street, Jamaica, Queens on June 07, 2024.

Ciampa Organization borrowed $16.5 million from Popular Bank for 183-03 Hillside Avenue, Jamaica Estates, Queens on February 28, 2024.

Ciampa Organization for Douglas Ciampa filed plans for new building for 5,933 sqft in College Point, Queens, on December 15, 2023.

Ciampa Organization borrowed $9.1 million from Apple Bank for Savings for 137-02 Northern Blvd, Flushing, Queens on September 22, 2023.

Ciampa Organization borrowed $5.7 million from Capital One for 19-10 Parsons Boulevard, Whitestone, Queens on April 05, 2023.

Ciampa Organization borrowed $9.8 million from Capital One for 90-05 161st Street, Jamaica, Queens on April 05, 2023.

Ciampa Organization borrowed $7.8 million from Capital One for 144-20 38th Avenue, Flushing, Queens on April 05, 2023.

Ciampa Organization borrowed $6 million from Capital One for 63-36 98th Place, Rego Park, Queens on April 05, 2023.

Ciampa Organization borrowed $7.3 million from Capital One for 83-33 118th Street, Kew Gardens, Queens on April 05, 2023.

Michael P. Grey sold 183-03 Hillside Avenue, Jamaica Estates, Queens for $5.2 million to Ciampa Organization on January 27, 2023.

Latest Stories:

• New Empire Corp. signs $54M construction loan for 117-unit LIC development (July 31, 2024)

• Ciampa Organization signs $16.5M construction loan for 46-unit project in Jamaica Estates (February 29, 2024)

• Ciampa Organization affiliate pays $5.2M for 46-unit dev site in Jamaica Estates (January 30, 2023)

• Ciampa Organization signs $32M refi for 143-unit elevator rental in LIC (March 24, 2022)

• New Empire Corp. pays $25.7M to Ciampa Organization for dev site in Long Island City (February 14, 2022)

• Ciampa refis $33.2M with Capital One for 255 units in Queens (April 15, 2021)

• Ciampa Organization sells Maspeth warehouse for $5.8M (July 15, 2020)

• Piermont Properties files plans for a 46-unit mixed-use building in Jamaica Estates (June 08, 2020)

• Ciampa Organization borrows $11M from Capital One for refi of multifamily property in Astoria (March 26, 2020)

• Ciampa Organization borrows $18M from Capital One for multifamily property in Long Island City (November 26, 2019)

Court Records:

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Properties:

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*The Portfolio Value is the city’s Market Value, which is typically 50% or less of actual market value.

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