Genesis Companies
745 Fifth Avenue, Suite 500 New York Ny 10151
People:
Genesis Companies NYC portfolio
$799.2 million* – walkup 93.0%, elevator 5.0%; Manhattan 99.0%, Bronx 0.0%
202th largest portfolio by dollar value
1,192,600 sqft – walkup 80%, elevator 16%;
284th largest by SF
82 properties – Manhattan 100%, Bronx 0%
111th largest
1,257 residential units – Manhattan 100%, Bronx 0%
180th largest by residential units
Company Activity past 24 months:
Buyer company: 2 for $112 million
Borrower company: 1 for $383.6 million
Top Ten Associated Companies:
Neighborhood Restore Housing Development Fund Corporation (2), New York City Housing Authority (2), Community Preservation Corporation (1), NYC Housing Development Corporation (1), Freddie Mac (1)
Top Ten Associated People:
Salvatore D’Avola (2), Jonathan Gouveia (2), Brian Cheigh (1)
Recent activity as company:
• New York City Housing Authority sold 107 West 143rd Street and 111 West 143rd Street, Harlem, Manhattan for $6.8 million to Genesis Companies, Community League of the Heights and Lemor Development Group on October 15, 2024.
• Genesis Companies, Community League of the Heights and Lemor Development Group borrowed $383.6 million from NYC Housing Development Corporation and Freddie Mac for 164 West 147th Street, 2441 Adam C Powell Jr Blvd, 2453 Adam C Powell Jr Blvd, 2449 Adam C Powell Jr Blvd, 131 West 143rd Street, and others, Harlem, Manhattan on October 15, 2024.
• New York City Housing Authority sold 2537 Adam C Powell Blvd, 2441 Adam C Powell Blvd, 2453 Adam C Powell Blvd, 2449 Adam C Powell Blvd, 131 West 143rd Street, and others, Harlem, Manhattan for $105.2 million to Genesis Companies, Community League of the Heights and Lemor Development Group on October 15, 2024.
• Genesis Companies borrowed $30.4 million from Community Preservation Corporation for 384 Manhattan Avenue, 357 West 115th Street, and 494 Manhattan Avenue, Harlem, Manhattan on January 12, 2023.
• Neighborhood Restore Housing Development Fund Corporation sold 981 Amsterdam Avenue, Upper West Side, Manhattan for $5.9 million to Genesis Companies on November 14, 2022.
• Neighborhood Restore Housing Development Fund Corporation sold 107 West 105th Street, Upper West Side, Manhattan for $7 million to Genesis Companies on November 14, 2022.
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