DeMatteis Organization
(RY Management)
820 Elmont Rd. Elmont, NY 11003
People:
DeMatteis Organization NYC portfolio
$306.2 million -condo 77%, elevator 22%; Manhattan 100%*
701th largest portfolio by dollar value
1,202,408 sqft – elevator 57%, condo 42%; Manhattan 100%
419th largest by SF
3 properties – Manhattan 100%
2687th largest
1,013 residential units – Manhattan 100%
330th largest by residential units
Notes
Website: RY Management “is the management branch of The DeMatteis Organizations (the owner) and has opened and managed many of their properties, as well as properties for third party owners.”
Company Activity past 24 months:
Seller company: 1 for $87.7 million
Top Ten Associated Companies:
LIHC Investment Group (3), Capital One (1), Greystone & Co. (1), Camber Property Group (1)
Top Ten Associated People:
Todd Phillips (1), Laura R. Caldwell (1), Rick Gropper (1)
Recent activity as company:
• DeMatteis Organization sold 726 AIR RGTS Eldert Lane for $87.7 million to Camber Property Group on December 30, 2024.
• RY Management borrowed $73 million from Capital One for 1623 3rd Avenue, 1601 3rd Avenue, 1601 3rd Avenue, 1601 3rd Avenue, 1619 3rd Avenue, and others, Yorkville, Manhattan on December 01, 2023.
• DeMatteis Organization borrowed $52 million from Greystone & Co. for 1763 2 Avenue on November 22, 2022.
• DeMatteis Organization sold 193 Elizabeth Street for $9.3 million to LIHC Investment Group on February 26, 2020.
• DeMatteis Organization sold 193 Elizabeth Street for $2.8 million to LIHC Investment Group on February 26, 2020.
• DeMatteis Organization sold 193 Elizabeth Street for $31.8 million to LIHC Investment Group on February 26, 2020.
Latest Stories:
• Camber acquires 1,758 units in East New York from DeMatteis for reported $845M (January 27, 2025)
Properties: