Community Access

People:

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Community Access NYC portfolio

$210.3 million* – development 45.0%, M1 42.0%; Bronx 56.0%, Manhattan 42.0%

717th largest portfolio by dollar value

166,435 sqft – elevator 93%, M1 6%;

1380th largest by SF

18 properties – Bronx 83%, Manhattan 11%

494th largest

426 residential units – Bronx 97%, Brooklyn 2%

487th largest by residential units

0 foreclosures, 0 bankruptcies, 1 other court case.

Company Activity past 24 months:

Buyer company: 4 for $62 million

Seller company: 3 for $8.8 million

Borrower company: 2 for $67.2 million

Developer (new building or major alteration): 1 for 275,540 square feet

Top Ten Associated Companies:

Roman Catholic Church (3), Roman Catholic Church of Saint Brigid and Saint Emeric (3), NYC Department of Housing Preservation and Development (2), NYS Housing Finance Agency (2), Community Access (2), Bellwether Enterprise (1), Joy Construction Group (1), Maddd Equities (1), Corporation for Supportive Housing (1)

Top Ten Associated People:

Kerry LaBotz (2), Kevin Nelan (2), Dana Greenberg (1), Christopher Lacovara (1), Eli S. Weiss (1)

Recent activity as company:

Community Access sold 904 Dekalb Avenue, Bedford Stuyvesant, Brooklyn for $2 million to Community Access on September 13, 2024.

Community Access sold 1363 Franklin Avenue, Morrisania, Bronx for $2 million to Community Access on September 10, 2024.

Spatial Equity Co. and Community Access borrowed $44.2 million from Corporation for Supportive Housing for 181 Avenue D, Alphabet City, Manhattan on August 20, 2024.

Roman Catholic Church and Roman Catholic Church of Saint Brigid and Saint Emeric sold 181 Avenue D, Alphabet City, Manhattan for $35 million to Spatial Equity Co. and Community Access on August 20, 2024.

Spatial Equity Co. and Community Access borrowed $23 million from Roman Catholic Church and Roman Catholic Church of Saint Brigid and Saint Emeric for 733 East 12th Street, Alphabet City, Manhattan on August 06, 2024.

Roman Catholic Church and Roman Catholic Church of Saint Brigid and Saint Emeric sold 733 East 12th Street, Alphabet City, Manhattan for $23 million to Spatial Equity Co. and Community Access on August 06, 2024.

Community Access sold 1169 River Avenue, Concourse, Bronx for $4.8 million to Joy Construction Group and Maddd Equities on July 15, 2024.

Community Access for Christopher Lacovara filed plans for new building for 275,540 sqft in Concourse, Bronx, on May 15, 2023.

Community Access borrowed $6 million from NYC Department of Housing Preservation and Development for 772 East 168th Street, Morrisania, Bronx on January 17, 2023.

Community Access borrowed $70 million from NYS Housing Finance Agency for 1863 Carter Avenue, 1861 Carter Avenue, 336 East 176th Street, 342 East 176th Street, 338 East 176th Street, and others, Mt Hope, Bronx on April 11, 2022.

Latest Stories:

• Spatial Equity, Community Access pay $35M for second part of $58M dev site transaction (August 21, 2024)

• Spatial Equity, Community Access acquire $23M dev site in East Village (August 07, 2024)

• Spatial Equity, Community Access sign $58M contract for 570-unit East Village dev site (June 04, 2024)

• Nonprofit Community Access files plans for 109K residential building in Tremont (October 07, 2020)

• Community Access fully permitted for construction of 201K sf mixed-use building in Longwood Melrose (August 24, 2020)

• Community Access borrows $109M from NYS, NYC, for new construction in Longwood Melrose (December 27, 2019)

• Community Access Housing Development Fund Company pays $6M to Nizao Realty Corp for property in Tremont (September 26, 2019)

• Community Access Housing Development Fund Company borrows $7M from Mercy Loan Fund for property in Tremont (September 26, 2019)

Court Records:

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Properties:

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*The Portfolio Value is a PincusCo estimate based on a property’s recent sale or loan, or multiplying the city’s Market Value by two.

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